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BHP Billiton Finalizes JV Arrangements for its Indonesian Coal Project |
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Tuesday, 20 July 2010 15:23 |
BHP Billiton formed a new joint venture for its Indonesian Coal Project (ICP) with a subsidiary of PT Adaro Energy TBK following the completion of government approvals. Adaro has acquired a 25% interest in the ICP joint venture, with BHP Billiton holding the remaining 75%.
“We are progressing study work to identify development options across the seven Coal Contracts of Work,” said Hubie van Dalsen, president, BHP Billiton Metallurgical Coal. “In future, the project will be known as the IndoMet Coal project.”
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