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Friday, January 20, 2012

BHP starts building infrastructure at Indonesia coal venture

Friday, 20 Jan 2012

Bloomberg reported that BHP Billiton Ltd the world largest mining company started developing infrastructure at its 75% owned coal project in Borneo after receiving regulatory approvals.

Ms Kelly Quirke a spokeswoman for the Melbourne-based company said the work at the IndoMet Coal project includes road construction and associated infrastructure for future mine development.

She said “Regulatory permits and approvals that we need for the initial road works are now in place. Those early works have now begun.”

According to a BHP presentation in September the project in Kalimantan on Indonesia part of Borneo island could start production in the year ending June 2016.

The basin has the potential to support large-scale metallurgical and thermal-coal output and the first development at Lahai will provide the initial operating platform and development of transport infrastructure.

(Sourced from Bloomberg)

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