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This Sunday, cloud bands from Hurricane Erin are approaching Dominican territory, producing localized downpours, ...

LONDON (Alliance News) - BHP Billiton PLC on Tuesday said it has agreed to sell its interest in IndoMet Coal to its partner, as the multi-commodity miner continues to restructure the business and ...

The Haju mine is part of the IndoMet coal project, which spans seven concessions over 350,000 hectares in Central and East Kalimantan provinces. IndoMet is jointly operated by Melbourne-based BHP and ...

IndoMet holds seven coal contracts of work in Central and Eastern Kalimantan, including the 1 million tonnes a year Haju mine, which started producing last year.

BHP owns 75 percent of the IndoMet project, with Indonesia's PT Adaro Energy holding the remaining 25 percent. BHP has said it expects to start production in 2016. Sign up here.

IndoMet Coal is currently 75 percent owned by Australia' s BHP Billiton. The remaining 25 percent is owned by Adaro, whose shares are traded on the Indonesia Stock Exchange (IDX) under the code ADRO.

IndoMet holds metallurgical and energy coal deposits in Kalimantan. The project has been in production since 2015, and currently holds production capacity of one million tonnes.

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 ...

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.

IndoMet is jointly operated by Melbourne-based BHP and Indonesia’s Adaro Energy, which is jointly controlled by five of Indonesia’s richest businessmen: Edwin Soeryadjaya, Theodore Rachmat ...