<span class="" id="parent-fieldname-description"> South Korean giant Samsungâs construction and trade unit, Samsung C&T, has won a $5.59BN contract with Gina Rinehartâs Roy Hill mining project. </span> <p>Roy Hill, chaired and directed by Gina Rinehart, is building a 55mtpa iron ore mine, processing plant, airport and permanent accommodation at a site in the north Pilbara. It is also building a 344km heavy haul railway to new facilities at Port Hedland.</p><p>Samsung C&T is to build the processing plant for the operation, the port facilities at Port Hedland, and the railway linking the two.</p><p>“The final contract will be signed at the end of April,” the company told the Korea Exchange. “[The contract] is to build a process plant to export iron ore produced from the Roy Hill mine, railroads and harbor infrastructure.”</p><p>Construction began on April 2 and will run to November 15, 2015.</p><p>Gina Rinehart’s Hancock Prospecting owns 70% of Roy Hill Holdings. 12.5% is held by South Korean company POSCO, and a further 2.5% is held by fellow South Korean company STX Group, potentially influencing the decision to go with a South Korean contractor in Samsung C&T.</p>
