The port of Maputo will process 19 million tons of cargo by the end of the year, an annual growth of 13 percent, said Osório Lucas, chief executive of the Maputo Port Development Company (MPDC).
The CEO of the port’s concessionaire said cargo handled so far would have a positive impact on the 2014 income statement, according to Mozambican newspaper Notícias.
Lucas noted, amongst other advances that occurred in 2014, the conclusion of stages 3 and 4 of the recovery and expansion of the ferrochrome terminals, one of the minerals that South Africa exports to the Asian market via Maputo.
With the completion of the ferrochrome terminals the port started to process 4 million tons of that ore, he said.
To illustrate the importance of investing in ferrochrome facilities, the CEO of the MPDC said that of the 19 million tons of cargo processed this year, 13 million was ore.
The CEO of the MPDC said in 2015 the company would continue with work to deepen the port’s access channel, which will allow the port to increase its capacity, thus becoming more competitive on a regional and international level.
“In the current climate, lower costs at the port are imperative for survival,” said Lucas. (macauhub/MZ)