BHP Billiton is selling its 75% interest in IndoMet Coal to its equity partner PT Alam Tri Abadi for an undisclosed sum because it reckons its can better spend its money elsewhere.
BHP Billiton is cutting out of Indonesian coal.
IndoMet Coal is made up of seven Coal Contracts of Work that are located in central and eastern Kalimantan, Indonesia. The Haju mine, located within the Lahai Coal Contract of Work has a production capacity...
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