GMD opened its new dry bulk terminal at the Mexican port of Lazaro Ca´rdenas in July. Initially, it invested $50 million for the construction of a single berth, although it may well double its investment in creating a second berth. The terminal in its present state can handle 5mt (million tonnes) of ore a year. The company has a 30-year concession for what is a 20 ha site.
GMD has two partners in the project:Transenergy, the Noble Group and Clisa.
GMD additionally operates a bulk mineral terminal at Altamira, in which it is invested $40 million. Capacity is 4mt and the local partner is Cooper T Smith Stevedoring.
BC