Indonesia's PT Adaro Energy Tbk (ADRO) has announced that it will take over BHP Billiton 's 75 per cent interest in IndoMet Coal. The transaction is valued at $120 million (Rp 1.5 trillion). IndoMet Coal …

IndoMet Coal comprises seven Coal Contracts of Work which are located in Central and Eastern Kalimantan, Indonesia. The Haju mine, which is located within the Lahai Coal …

The IndoMet project, a joint venture between Australian miner BHP Billiton and Indonesia's Adaro Energy, covers 350,000 hectares of coal-mining concessions …

BHP Billiton is selling its majority stake in the IndoMet Coal project in Indonesia to focus on "more attractive" growth projects. BHP said on Tuesday it would sell its 75 per cent stake in the ...

BHP Billiton, which has a 75% share in the giant IndoMet coal project, is estimated by WDM to have used about £110m of money raised in London. Elsewhere, Adaro Energy, Indonesia's second-largest producer of thermal coal, received £245m from a coalition of UK banks, including HSBC and Standard Chartered.

* Indonesian Haju mine has 1 mtpa capacity (Adds Adaro comment)

BHP's Indonesian coal boss, Mark Small, said mining had this year started at Haju in Central Kalimantan which is the first coal deposit mined in the IndoMet coal …

IndoMet mine will produce 500,000 tonnes of coal annually by 2016, and five million tonnes the following year, according to a BHP presentation in September. Further expansion would target more ...

Dalam laporan kuartal pertama 2016, BHP Billiton secara resmi menyatakan sedang melakukan tinjauan strategis terkait keterlibatan IndoMet Coal di 7 proyek yang berada di Kalimantan. Imelda sebelumnya mengungkapkan rendahnya harga komoditas pertambangan beberapa tahun terakhir menjadi salah satu faktor BHP Billiton …

Garibaldi mengungkapkan, nilai transaksi untuk pembelian 75 persen saham BHP Billiton di proyek Indomet Coal seharga 120 juta dolar AS. Jumlah tersebut memang jauh lebih rendah saat akuisisi 25 persen saham pada 2010 yang nilainya mencapai 350 juta dolar AS. "Lebih murah karena memang kondisinya kan sekarang lagi jelek," ujarnya.

Then in 2016 BHP Billiton sold part of the project to the Indonesian Adaro company. This coal would be for steel making, and for thermal power plants for electricity. [1] Indonesia's National Energy Policy (Kebijakan Energi Nasional) anticipates coal comprising 30% of the country's energy mix by 2025 [1].

BHP Billiton is considering quitting its coal assets in Indonesia, where it recently started shipping steel-making coal from a small mine, amid uncertainty over Indonesian regulations and a weak ...

A coking coal development project called IndoMet Coal, which is a joint venture between BHP Billiton and Jakarta-listed PT Adaro Energy, is expected to start production soon, according to a report.

Known as the IndoMet Project, BHP Billiton's coal mining concessions span an area of 350,000 hectares, more than twice the size of Greater London. The concessions contain more than 1.2 billion tonnes of mostly metallurgical coal that would be shipped to Asian markets if the projects were developed.1 The 7 concessions granted to BHP Billiton lie

In April 2010, BHP sold 25% of the IndoMet stake to Adaro, Indonesia's largest coal producing company, for $350 million. At the time, the two companies anticipated commercial production to commence no later than 2014. 2 However, the success of IndoMet was largely reliant on the construction of a massive railway needed to transport the coal for ...

Ben Creagh June 8, 2016, 9:53 am. BHP has divested its stake in IndoMet Coal, exiting Indonesia completely. The miner sold its 75 per cent interest in the operation to its equity partner PT Alam ...

BHP is continuing to evaluate the potential for larger scale developments at IndoMet and has already received buyer interest in the coal, she said. Advertisement The project, in which Indonesia's Adaro Energy also holds a stake and is estimated to have at least 1.27 billion tonnes of resources, has come under fire from environmental groups ...

BHP did not disclose the price for its 75 percent stake in IndoMet Coal. Adaro, however, Indonesia's second largest thermal coal producer, said in a statement the deal was worth $120 million and would "become effective upon the fulfilment of requirements in the share sale agreement, including necessary approvals from the Government of the ...

In June 2015, villagers in Central Kalimantan lodged a claim under the local Dayak Misik land rights scheme to recognise customary land rights for 1,000 hectares of land within BHP Billiton's IndoMet coal project area.

BHP Billiton has joined the flurry of major mining companies disposing of coal assets by selling its share of the Indomet coal project in Indonesia. Meanwhile Anglo...

Jakarta - PT Alam Tri Abadi yang merupakan anak usaha PT Adaro Energy Tbk (ADRO) resmi mengambil alih kepemilikan di perusahaan pertambangan multinasional BHP Billiton melalui IndoMet Coal. Presiden Direktur Adaro Garibaldi Thohir atau yang kerap disapa Boy Thohir sempat menceritakan bagaimana perjuangan dirinya …

SYDNEY, Jan 22 (Reuters) - BHP Billiton said on Tuesday it has suspended operations at the construction site of its IndoMet Coal Project in Indonesia after a worker was killed.

Sale of IndoMet Coal: On 14 October 2016, BHP Billiton completed the sale of the Group's 75 percent interest in IndoMet Coal to its equity partner PT Alam Tri Abadi (Adaro). Overview: IndoMet Coal comprised seven coal contracts of work covering a large metallurgical coal resource in Central and East Kalimantan, Indonesia.

BHP has divested its stake in IndoMet Coal, exiting Indonesia completely. The miner sold its 75 per cent interest in the operation to its equity partner PT Alam Tri …

MELBOURNE, April 20 (Reuters) - BHP Billiton is considering quitting its coal assets in Indonesia, where it recently started shipping steel-making coal from a small mine, amid uncertainty over ...

IndoMet Coal comprises seven coal contracts of Work, which are located in Central and Eastern Kalimantan, Indonesia. The Haju mine, which is located within the Lahai coal …

Bisnis, JAKARTA – Raksasa perusahaan tambang domestik PT Adaro Energy Tbk (ADRO) mengincar pasar baja dalam negeri pascapenuntasan proses akuisisi 75% saham BHP Billiton Ltd. di proyek IndoMet Coal sehingga bisa mendorong pertumbuhan industri baja domestik. Direktur Utama Adaro Garibaldi Thohir mengatakan …

Digging up iron ore doesn't cause an enormous amount of global heating but the process of turning it into steel uses yet more coal – including some from mines BHP plans to hang on to – and ...

Australia-based BHP Billiton, the multinational firm engaged in copper, iron, gold, and coal mining, is reportedly considering to stop operations at its Indonesian coal mining sites - or even to sell these assets - due to the unattractive outlook for the global coal price. Through a 75 percent stake in IndoMet Coal, BHP Billiton holds seven (long …

Background. The Haju mine is the first stage of IndoMet Coal Project. In May 2016, the IndoMet Coal project is held by a joint venture between Australia-based mining giant BHP Billiton (75%) and Indonesia-listed mining company PT Adara Energy Tbk. (25%). However, in June of 2016, BHP Billiton sold its shares in IndoMet Coal to Adaro Energy.

A spokesman for BHP Billiton in London said: "The IndoMet coal project is a joint venture between BHP Billiton and Adaro. The first stage of development is a small operation called Haju and we are ...

Rock Funston, President Director, IndoMet Coal, 17 April 2012. Slide 13. IndoMet Coal's Biodiversity Strategy aims to benefit biodiversity conservation in Kalimantan both within the BHP Billiton areas of operation and the wider region. Starting from project inception, we identify, assess and manage specific risks to biodiversity including those

Indomet is latest asset to tumble out of a once mighty portfolio

In May 2016, the IndoMet Coal project is held by a joint venture between Australia-based mining giant BHP Billiton (75%) and Indonesia-listed mining company PT Adara Energy Tbk. (25%). However, in June of 2016, BHP Billiton sold its shares in IndoMet Coal to Adaro Energy. According to EndCoal, IndoMet is "a series of massive coal …

Jakarta ‎-Kementerian Energi dan Sumber Daya Mineral (ESDM) belum mendapat laporan resmi dari BHP Billiton mengenai aksi pelepasan saham di IndoMet Coal.BHP melepas seluruh kepemilikan sahamnya sebesar 75 persen di IndoMet.

The IndoMet Coal Project, which was initially referred to by BHP Billiton as the Maruwai coal project, covers five potential coal deposits in East and Central Kalimantan in Indonesia. For centuries, the indigenous Dayak people of Indonesian Borneo lived from the abundant forests and rivers that blanketed the region.

The IndoMet Coal Project (ICP) (which was initially referred to by BHP Billiton as the Maruwai coal project), covers five potential coal deposits in East and Central Kalimantan in Indonesia. The coal deposits were discovered by BHP Billiton in the late 1990's but initial development of the first of the five deposits within the broad project area - the Haju coal …

As a result it is planning to start its next Indonesian coal mine within two years. This year BHP started mining at the Haju project in Central Kalimantan, which is the first deposit …