POTA on verge of $3bn Legend logistics deal

High-profile Melbourne businessman Joe Gutnick's mining firm, International Holdings, has signed a memorandum of understanding with P&O Trans Australia (POTA) for haulage and handling services associated with its Legend’s Georgina Basin phosphate project in Queensland.

The MOU will guide contract negotiations worth about $40m during the first year of operations and up to $3bn over the life of a 20-year agreement, the parties said.

"We went to great lengths to source suitable locomotives...

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