BHP's Indonesian mine may be sold

BHP's Indonesian mine may be sold

MUMBAI: Steel Authority of India Ltd., the nation's biggest steelmaker, may acquire a stake in an Indonesian coal mine operated by BHP Billiton Ltd. to ease shortage of the fuel that forced it to cut production in April.

"The company is looking at various properties of BHP Billiton, including Indonesia, but no decision has been made as yet," Debjit Rath, company spokesman said in a telephone interview over the weekend from Delhi.

"We are looking at buying coal which has low ash content."

In September, Steel Authority said it will invest in mines run by the world's biggest miner, BHP Billiton. -- Bloomberg