BHP Billiton to Terminate 25-Year Presence in Indonesia
Quoting: Balibob
I think someone got the biz news very wrong in terms of coal out put and reserves,.. shit our friends at bakrie mined 47 million ton of coal lasy year alone in Indonesia so to have a reseve of 5.4 mill as per the biz news,.. not very viable project is it??
I wish the fucking journalists would get it right
I wish the fucking journalists would get it right
Clumsy reporting indeed. Total reserves at Maruwai were not vast though. According to BHP's 2008 annual report, total resource for Maruwai was about 130 million metric tonnes. The 5.4 million tonnes figure seems to be the most it could have mined each year from Maruwai's Haju and Lampunut sites:
The initial development project is the Haju open-cut mine and associated river port. The Haju mine is a small, discrete coal deposit that is expected to initially produce 1 mtpa of metallurgical coal, with expansion potential to 2 mtpa. First production is expected mid-2009. A feasibility study is currently underway for development of a 3-5 mtpa coal mine at the larger Lampunut deposit at Maruwai.