The first phase will consist of building a 400-metre quay and 250,000 square metre yard extension as well as the development of a free zone to create a new regional trading hub.
PPC may be seeking alternative underwriters for its R4bn rights issue as the fees charged by local banks are 'prohibitively expensive'.
PPC reports pleasing expansion progress for the quarter October 2015 to December 2015, despite declining cement sales volumes.
PPC’s (PPC) new plant in Rwanda was officially opened on August 18 2015‚ the cement company said in an operational update covering the first eleven months of the financial year.
PPC CEO Ketso Gordhan says the group's management is looking at concluding one or two big deals in Africa in a bid to double earnings by 2018.
Cement producer PPC's normalised earnings for the first half of 2014 are expected to reflect a year-on-year improvement.