BHP Billiton to Terminate 25-Year Presence in Indonesia
Quoting: biznews
Anglo-Australian miner BHP Billiton will pull out of most of its remaining investments in Indonesia, ending its 25-year local presence in mining, transport and in other fields, the company announced on Tuesday.
“All Indonesia projects are in the process of being halted,” said Indra Diannanjaya, president director of PT Lahai Coal, one of BHP Billiton’s fully owned subsidiaries in the country.
“All Indonesia projects are in the process of being halted,” said Indra Diannanjaya, president director of PT Lahai Coal, one of BHP Billiton’s fully owned subsidiaries in the country.
So what is it? Most or everything? What about BHP's long-proposed nickel mine on Gag Island off Papua? It's not as if Prabowo is going to become president and tear up the contracts.