Insight
BHP Billiton exits Indonesia
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 7 June 2016 BHP Billiton announced the sale of its 75% stake in the IndoMet coal project to a subsidiary of Adaro Energy, PT PT Alam Tri Abadi at a reported price of US$120 million. In March 2010, BHP Billiton formed a joint venture with Adaro Energy, who bought a 25% equity stake in the IndoMet concessions for US$350 million valuing the project at that time at US$1.4 billion. Falling metallurgical coal export prices, higher than expected transport costs and substantial capital expenditure estimates have combined to erode the value of the project.We value the initial stage of the project at US$32 million with the second stage currently having a negative value based on a large estimated capital expenditure of US$5 billion.
Table of contents
- Map: Indomet Coal Project concessions
- Map: Indomet Coal Project transport options
Tables and charts
This report includes the following images and tables:
-
BHP Billiton exits Indonesia: Image 1BHP Billiton exits Indonesia: Image 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Worsley alumina refinery
A detailed analysis of the Worsley alumina refinery.
$2,250
Asset Report
Corridor
Corridor PSC is currently Indonesia's second largest gas-producing block.
$6,900
Asset Report
Tangkulo (South Andaman PSC)
Tangkulo is a deepwater gas field offshore Indonesia operated by Mubadala Energy, with estimated gas-in-place exceeding 2 tcf.
$3,720
