Samsung C&T has been appointed by Roy Hill Holdings Pty Ltd (“Roy Hill”) as the EPC (engineering, procurement and construction) Contractor for the infrastructure portion of the Roy Hill Project located in Western Australia. Roy Hill is an AUD$10 billion massive iron ore mine project at a 2.4 billion ton iron ore deposit in Pilbara region with first ore on ship targeted for September of 2015.
Under the AUD$5.59 EPC contract, Samsung C&T has been entrusted to build an iron ore processing plant and transportation facilities such as a railway and a port. Specifically, Samsung C&T will be constructing a plant with an annual processing capacity of 55,000,000 tons, a 340km-long railway stretching from the mine to the port at Hedland, and a port featuring two-berths and container yards.
“This is a significant appointment for Samsung C&T to deliver the construction of a very large new project in Western Australia,” said Yeon-Joo Jung, Vice Chairman & CEO of Samsung C&T. “Samsung C&T looks forward to executing this landmark project to the highest standard, contributing to the development of Australia and further solidifying the company’s reputation as a global solutions provider offering a complete value chain in the field of mining infrastructure development.”
The contract is especially meaningful for Samsung C&T since it marks its first major project in mining, a field Samsung C&T has been pursuing actively since 2010. It represents the company’s successful entry into a mature and highly competitive market, continued global expansion, and addition of natural resource development EPC to its growing portfolio of products and services.
Barry Fitzgerald, CEO of Roy Hill Holdings Pty Ltd, said: “We congratulate Samsung C&T on its appointment and anticipate the development of a close and productive working relationship.”
For this EPC project in Australia, Samsung C&T plans to work closely with the major constructors in Australia, mitigate risk at every turn, and implement advanced project management and global procurement strategies to ensure the project’s success. Samsung C&T also plans to implement all its expertise and experience gained from decades of successful project completions around the globe.