KRL 0.00% 14.5¢ kangaroo resources limited

bhp, page-2

  1. 1,950 Posts.
    thanks zin zan, i really like the last part of that article

    Yesterday, Itochu energy, metals and minerals president, Yoichi Kobayashi, told Japan Metal Bulletin the company had been urging its partner, BHP, to accelerate coking coal expansion plans. "If the resources tax is introduced, there could be major impacts such as expansion plans being postponed," Mr Kobayashi said. "Signs of such impacts are already starting to emerge."

    BHP would not confirm the size or timing of the Indonesian mine, but recent reports out of Indonesia have quoted company officials there talking about mining 6 million tonnes a year of coking coal from 2014.

    The prospects are in central and east Kalimantan in a remote region with no infrastructure.

    To mine the area, BHP plans a 131km truck corridor from its Lambunut prospect to the Mahakam River, where a coal barge port would be built to transport coal 430km downstream to be loaded on ships for export
 
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