BHP Billiton exits Indonesia

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

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 2 images and tables including:

  • BHP Billiton exits Indonesia: Image 1
  • BHP Billiton exits Indonesia: Image 2

What's included

This report contains:

  • Document

    BHP Billiton exits Indonesia

    PDF 472.93 KB