BHP Billiton discovered coal deposit in Indonesia
According to the recent news, Australian steel producer
BHP Billiton discovered a coal deposit in Kalimantan province of
Indonesia.
The deposit is stated to be holding great importance for
BHP Billiton as it will be source of
coking coal for
BHP Billiton.
The operation of the deposit by
BHP Billiton is subject to approval of Indonesian government, together with a compromise on environmental and social issues.
The feasibility study at the deposit has already started and it is expected to be completed by the end of 2004.