19
Feb
09:28
Roy Hill-Samsung row intensifies over $217m bond
The ongoing legal disputes between Roy Hill and Korean contractor Samsung C&T were escalated by the new Australian miner when it attempted to seize $217 million. Roy Hill claims Samsung should pay penalties over the delay to the start-up of the 55m tonnes/year iron ore project, Kallanish notes.
Roy Hill has begun the first shipments from its new mine, but only a handful of ships have been filled. The first shipment had been due in October 2015, but only left…
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Anonymous
Very good overview of the weekly steel market.
Anonymous