Steel Prices |  Historical Steel Prices  |  Latest Steel News  |  Steel Companies
Member Login Turkish Italian China
Forgot Password  |   Credit Card Payment
Free E-bulletin Membership



BHP Billiton finalizes JV arrangements for its Indonesian coal project


Tags: coking coal , raw mat , Australia , Indonesia , Oceania , Southeast Asia , BHP , investments , steelmaking | similar articles »

On May 27, Australian miner BHP Billiton announced that it has confirmed the formation of the new joint venture for its Indonesian Coal Project (ICP) with a subsidiary of PT Adaro Energy TBK (Adaro) following the completion of government approvals. Adaro has acquired a 25 percent interest in the ICP joint venture, with BHP Billiton holding the remaining 75 percent.
 
Commenting on the issue, BHP Billiton's president metallurgical coal Hubie van Dalsen said "We are very pleased that the Indonesian government has approved the formation of the joint venture with Adaro, a strong Indonesian partner who shares our values and our commitment to the protection of the region's outstanding biodiversity."
 
"We are progressing study work to identify development options across the seven coal contracts of work (CCOWs). In future, the project will be known as the IndoMet Coal project," Mr. van Dalsen said.
 
As SteelOrbis previously reported, the ICP covers seven coal contracts of work (CCoWs) located in East and Central Kalimantan in Indonesia. Undeveloped metallurgical and thermal coal resources are estimated at 774 million metric tons. Adaro is Indonesia's second largest thermal coal producer and has operations near the ICP.
Back All Articles


Most Recent Related Articles
Frequently Asked Questions
Member Conduct Rules
Privacy & Security
About us
Site Map
Contact us
News Partners
Advertising
Reports & Publications
Consultancy
Prime
 Facebook Wall 

 SteelOrbis Tweets 

 SteelOrbis RSS Feeds

 SteelOrbis Mobile
SSL     Copyright © SteelOrbis Electronic Marketplace Inc.
    All Rights Reserved