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 1
- BHP Billiton exits Indonesia: Image 2
What's included
This report contains:
Other reports you may be interested in
Country Report
Global iron ore supply summary 2025
Iron ore margins remain strong in 2025. Avg cost: US$59.8/t. Capex rises to US$17.2B, driven by quality upgrades and emissions goals.
$6,750
Country Report
Global alumina refinery asset cost summary
The Global Alumina Asset Summary examines the cost environment in the base year as well as historically and forward five years.
$6,750
Asset Report
FeNi Halmahera nickel project
A detailed analysis of the FeNi Haltim nickel operation.
$2,250
