BHP Billiton To Begin Work On $1.34 Billion Indonesia Coal Project
03 11월 2011 - 2:03PM
Dow Jones News
BHP Billiton Ltd. (BHP) said Thursday it plans to begin work on
the US$1.34 billion IndoMet coal project in Indonesia within weeks,
a move that would open up a new mining province to help meet
booming Asian demand for steelmaking raw materials.
Joint venture companies controlled by BHP and Indonesia's PT
Adaro Energy (ADRO.JK) will begin building the Haju mine in jungle
around 220 kilometers northwest of Balikpapan port by the end of
the year, BHP said.
Haju is the first stage of the IndoMet project on the island of
Borneo, which could be producing 5 million metric tons of coking
coal annually by 2017. IndoMet is BHP's fifth-biggest coking coal
resource.
"PT Lahai will construct a road and a mine (Haju) and related
infrastructure, commencing, subject to approvals, in the fourth
quarter of 2011," a BHP spokeswoman said in an emailed
statement.
This will be followed by investments in mines and infrastructure
by PT Maruwai and PT Juloi, two other joint venture companies, she
said.
-By David Fickling and David Winning, Dow Jones Newswires; +61 2
8272 4689; david.fickling@dowjones.com
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