n00b
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- Apr 10, 2008
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Tanzania-Zambia Railway Authority (TAZARA) may transport as much as 30,000 metric tons of maily copper a month for Trafigura's logistics unit Impala, compared with about 8,000 tons now if a deal between the authority and Netherlands-based trading company, Trafigura Beheer BV matures.
"Our collaboration with Impala alone has the potential to double or triple the current annual tonnages of the company. Impala has the muscle to inject sufficient resources to get TAZARA to operate more efficiently," Conrad Simuchile, a spokesman for TAZARA.
Impala transports copper from mines in Zambia, Africa's biggest producer of the metal, and access to the TAZARA may provide a cheaper and more efficient route to the port in Dar es Salaam in Tanzania.
The Trafigura unit signed a memorandum of understanding with TAZARA in January that will allow it to run its own trains on the line. Impala contracted Vecturis NV of Belgium to complete a due diligence exercise and draft a partnership proposal by April. Vecturis will operate trains on behalf of Impala.
"It is not just a matter of bringing in locomotives and wagons, but all parties are fully aware that finances need to be injected in the track itself, the workshops and the communication facilities," Simuchile said.
"Our collaboration with Impala alone has the potential to double or triple the current annual tonnages of the company. Impala has the muscle to inject sufficient resources to get TAZARA to operate more efficiently," Conrad Simuchile, a spokesman for TAZARA.
Impala transports copper from mines in Zambia, Africa's biggest producer of the metal, and access to the TAZARA may provide a cheaper and more efficient route to the port in Dar es Salaam in Tanzania.
The Trafigura unit signed a memorandum of understanding with TAZARA in January that will allow it to run its own trains on the line. Impala contracted Vecturis NV of Belgium to complete a due diligence exercise and draft a partnership proposal by April. Vecturis will operate trains on behalf of Impala.
"It is not just a matter of bringing in locomotives and wagons, but all parties are fully aware that finances need to be injected in the track itself, the workshops and the communication facilities," Simuchile said.
