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BHP Billiton (NYSE:BHP) and its partner PT Adaro planning to build the largest coal mine in Indonesia, according to the Epoch Times. BHP will own 70 percent of the mine.
BHP Billiton (NYSE:BHP) and its partner PT Adaro planning to build the largest coal mine in Indonesia, according to the Epoch Times. BHP will own 70 percent of the mine.
As quoted in the publication:
In total, the area has an estimated 1.27 billion metric tons of coal resources, according to Adaro, mainly coking coal used to make steel.
In detailed responses to questions, BHP says it is making progress on developing the first mine in the complex, called Haju. Infrastructure development is underway, including road works and a port along the Barito River. Haju is planned to produce one million metric tons of coal per year. Haju mine itself will cover 660 hectares and initial production is expected in 2015, BHP says.