News Articles for Samsung C&T

Junior ASX company Pilot Energy has struck a conditional partnership agreement with South Korean engineering giant Samsung but failed to impress the market, with its shares falling sharply today.

A South Korean consortium is aiming to build a hydrogen project at Narngulu industrial estate near Geraldton, saying it can't wait for land at Oakajee to be developed.

Korea's largest electricity utility has signed an early agreement with the backers of the Western Green Energy Hub, one of several giant renewable energy projects mooted for WA.

Renewable energy hopeful Infinite Green Energy and Samsung C&T Engineering & Construction Group have recruited a third partner to develop a proposed hydrogen project in Northam.

Perth company Infinite Green Energy has linked up with South Korea's Samsung C&T to pursue the development of a world-scale hydrogen plant just south of Dongara.

Smart home technology company Zimi has seen record device pairings in three of the last four months which the company says shows an accelerated market adoption as it prepares to launch into an adjacent smoke detection market. Zimi estimates the global smoke detector market will grow to about US$3 billion in five years.

The Australian subsidiary of Spanish engineering contractor Duro Felguera has been placed into voluntary administration after becoming mired in multiple legal disputes related to construction of the Roy Hill iron ore project.

ConocoPhillips has set up a design competition between two engineering groups led by Technip Oceania and MODEC for the key facilities at its Barossa gas project in the Timor Sea while WorleyParsons subsidiary Intecsea has been awarded a separate contract for subsea infrastructure.

Spanish-owned contractor Duro Felguera Australia, which is involved in multiple legal disputes arising from its work on big resources projects, has been ordered to set aside $20 million because of concerns it would not be able to pay potential claims.

The state's largest iron ore mine Roy Hill hit its nameplate capacity for the first time last month, according to Roy Hill Holdings chief executive Barry Fitzgerald, while the exact cost of the project so far has been revealed.

The head contractor on the Roy Hill project has won two out of five determinations in the latest instalment in its legal dispute with sub-contractor Duro Felguera today, but Samsung C&T was still told to pay Duro $12 million out of more than $60 million that had been sought.

Laing O'Rourke had a pyrrhic victory in the Court of Appeal today, when it managed to overturn a previous adverse ruling but it appears the construction contractor still won't be getting the $45 million it was awarded by an adjudicator in 2015.

The mining sector is still providing abundant work opportunities for law firms, from contract disputes to potential private equity acquisitions.

Spanish contractor Duro Felguera has suspended ongoing obligations to Samsung C&T, after the Roy Hill project head contractor refused to pay out on five recent court adjudications.

Spanish contractor Duro Felguera has won a legal battle with Samsung C&T over the jurisdiction of a contractual dispute for work on the $10 billion Roy Hill project, with the next stage to play out infront of Singaporean arbitrators.

Perth contractor NRW Holdings has had a major boost, with the state government selecting the company's joint venture with Italy's Salini Impregilo as preferred contractor for the $2 billion Forrestfield-Airport Rail Link.

Special Report: Falling commodity prices have led some mining contractors to circle the wagons, but others are cautiously targeting opportunities.

Iron ore miner Roy Hill has officially taken control of its mine, rail and port operations in the Pilbara from lead construction contractor Samsung C&T, with the company now commencing ramp-up of production to target the nameplate 55 million tonnes per annum capacity.

The liquidators of failed engineering contractor Forge Group have gained financial backing to pursue a claim worth about $200 million against Forge's former major shareholder.

A third-party arbitrator will be called in to settle a dispute between Gina Rinehart's Roy Hill Holdings and its key construction contractor, Samsung C&T.

CIMIC Group's construction arm, Leighton Contractors, has secured a $1.5 billion contract to design and build Sydney's new M5 Motorway.

NRW Holdings has accepted a payment of $30 million to settle its dispute with Samsung C&T over work on the Roy Hill iron ore project, despite having been awarded $35 million through adjudications under the Construction Contracts Act.

Shares in NRW Holdings have nearly doubled in value after the company lifted a trading suspension following two wins in the Supreme Court of Western Australia in its dispute with Samsung C&T.

NRW Holdings has had a legal win over Samsung C&T, with the Supreme Court upholding a $17 million adjudication in favour of the Perth-based contractor.

The legal fallout from big resources and infrastructure projects continued to mount this week, when Downer terminated its contract on a $1 billion-plus ammonium nitrate plant in the Pilbara.

Downer has terminated its contract with Spanish construction company Tecnicas Reunidas on the Burrup ammonium nitrate project, joining a string of contractors to be hit by contractual disputes on big projects over the past year.

The last day of the profit reporting season delivered a few surprises for Western Australia-based mining services companies, with NRW Holdings incurring a bigger-than-expected loss, VDM Group shrinking at a rapid rate, Swick Mining Services showing some promise, and Resource Development Group staying in the black.

Roy Hill Holdings, its business partners and project contractors, have set up a $10 million community foundation they say will offer a “unique” approach to delivering educational and cultural programs to Pilbara communities.

Roy Hill's lead, contractor Samsung C&T, has been awarded a $2.7 billion design and construction contract for a major motorway in Sydney, cementing its position as a player in major Australian infrastructure projects only two years after entering the market.

Henderson-based engineering and construction firm Civmec has been awarded a number of contract wins and extensions, including more work on the new Perth Stadium, with a combined value of $68 million.

Perth now has the highest vacancy rate of any office market across capital cities in Australia, according to fresh research by JLL, with 16.6 per cent of commercial space in the CBD sitting empty.

Decmil Group has won about $40 million worth of work at Hancock Prospecting's Roy Hill iron ore project in the Pilbara, building on its portfolio of port, rail and fuel infrastructure work already under way at the site.

Civil contracting and mining services firm NRW Holdings has dipped into the red with a $120.6 million half-year loss, but announced a $330 million contract extension with Middlemount Coal.

Queensland-based contractor Goodline has been brought onto the Roy Hill iron ore project to finish work left incomplete following the termination of Laing O'Rourke's $200 million plus contract earlier this week.

Monadelphous Group has disclosed that its MMM joint venture in Queensland is embroiled in a contractual dispute with major client, Wiggins Island Coal Export Terminal.

NRW Holdings chairman Ian Burston has told shareholders the contractor will not be "jerked around by anybody" after revealing it is in a dispute over its largest project at Roy Hill.

An unexpected windfall could tip $50 million into failed construction company Forge Group as its receivers continue to recover money owed and make debt payments.

Telstra customers in Perth, Fremantle and Esperance will be among the first in Australia to experience the next generation of 4G services after Telstra announced it would start commercial trials of the advanced 4G technology.

Kerman Contracting has won an $18 million contract to build two sample preparation laboratories for the Roy Hill iron ore project.

OTOC Australia has been awarded a $3 million contract with NRW for the mine process plant in-ground services at the Roy Hill iron ore project in the Pilbara.