Samsung C&T Corp (SAMS) - Regarding Press Release RNS Number : 0093P Samsung C&T Corporation 18 October 2012 Regarding Press Release Concerning the Speculation on the Execution of theAbbot Point Port T3 Terminal Project Construction Contract Regarding the press release on the Contract for Abbot Point Port T3 Terminal project in Australia, Samsung C&T confirms signing an Early Contractor Involvement (ECI) Contract on the 17th of October, 2012 with Hancock Coal Infrastructure Pty Ltd., an affiliate of India's GVK. There has been no confirmed contract price or contract date at this point, but there will be another public notification within one month of this press release or after Samsung C&T is selected as the construction contractor. * ECI(Early Contractor Involvement): ECI is a bidding method used in Australia to work out the construction plans and costs before actual construction contract is awarded. - Samsung C&T has formed a Joint Venture (J/V) with the Australian Company, Smithbridge Group Pty Ltd. and Samsung has exclusively signed an ECI Contract. * Abbot Point Port T3 Terminal Project: The project plan is to build a coal export port facility with an annual processing capacity of 60 million tons at Abbot Point in Queensland, about 1,000km north of Brisbane. This information is provided by RNS The company news service from the London Stock Exchange END MSCEAFEPFEEAFFF -0- Oct/18/2012 11:04 GMT
Samsung C&T Corp SAMS Regarding Press Release
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