BHP Billiton to Form Indonesian Coal Project JV

31 May 2010 (Last Updated May 31st, 2010 18:30)

BHP Billiton will form a joint venture with Adaro, a subsidiary of PT Adaro Energy TBK, for its Indonesian coal project after receiving approval from the Indonesian Government. In the joint venture, which will be known as the IndoMet Coal project, BHP Billiton will hold 75% of the project

BHP Billiton will form a joint venture with Adaro, a subsidiary of PT Adaro Energy TBK, for its Indonesian coal project after receiving approval from the Indonesian Government.

In the joint venture, which will be known as the IndoMet Coal project, BHP Billiton will hold 75% of the project while Adaro will hold 25%.

BHP Billiton president for metallurgical coal Hubie van Dalse said studies are underway to identify development options for the site.