Forge Group (FGE) has secured a $1.47 billion engineering, procurement and construction contract for the processing facility at the Roy Hill iron ore mine project in Western Australia with joint venture partner Duro Felguera
In a statement to the Australian Securities Exchange, Forge said it expected to earn approximately $830 million from the contract awarded by Samsung C&T.
Duro Felguera is a Spanish contractor with experience in executing turnkey projects for the mining, energy, industrial and oil and gas sectors, Forge said.
"The scope of works include construction of a 55Mtpa iron ore processing plant and all detailed structural earthworks, foundations, steelwork, mechanical equipment, plate-work, piping, electrical equipment, instrumentation and controls, cabling, conveyors and in-plant roads," the group said.
Forge said full works under the contract will not be activated until Roy Hill confirms satisfactory progress with its debt financing.
The group is eyeing the commencement of site construction in December, with work expected to be fully completed by September 2015.
Forge is part of the Uncapped 100.