Sandfire signs Qube for DeGrussa haulage

Qube Logistics' purchase of Bunbury company Giacci Holdings has started to pay dividends, after it won the haulage and port services contract for Sandfire Resources' De Grussa copper-gold project, in a deal worth $120 million.

Qube will haul ore and copper concentrate from the DeGrussa mine near Meekatharra and load it on ships at Port Hedland, for a period of five years.

Sandfire said Qube’s acquisition of Giacci, completed today at a cost of $119 million, was influential in its decision, as it meant a single contract was awarded to an integrated provider, rather than awarding separate haulage and stevedoring contracts.

At 1:46PM WST, Sandfire stocks were steady at $7.99.