RPT-Samsung annuls contract with Spain's Duro Felguera, Forge

Mon, 24 Feb - 6:55am

(Repeats story published on Saturday; no change to text)

MADRID, Feb 21 (Reuters) - South Korea's Samsung C&T Corp

000830.KS has annulled a mining contract with a consortium that includes Spain's Duro Felguera MDF.MC and Australia's Forge Construction .

Duro Felguera said on Friday in a statement to the market regulator that Samsung had cancelled the A$1.47-billion ($1.32 billion) Roy Hill Iron Ore Project in Australia and it was looking at the economic consequences of the termination.

The Spanish company, which has near to 43 percent of the contract, said it was in talks with Samsung over continuing the project.

($1 = 1.1159 Australian dollars)

(Reporting by Robert Hetz, Writing by Paul Day, editing by David Evans)

((paul.e.day@thomsonreuters.com)(+34 91 585 83 08)(Reuters Messaging: paul.e.day.thomsonreuters.com@reuters.net))

Keywords: SAMSUNG FELGUERA

URN: 
urn:newsml:reuters.com:20140223:nL6N0LS0YN:2
Topics: 
EZC CMPNY INDS METL INDM TRAD RTRS MACH INDG FERR EUROPE COEN KR AU EUROP IRN COM WHO EMRG CON ASIA LEN ES WEU MAC ISER

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