BHP Billiton Exit Signalling The End For A Major Mining Nation?

BHP Billiton Exit Signalling The End For A Major Mining Nation? by Dave Forest, Pierce Points

Unexpected move yesterday announced by one of the largest mining companies globally. Showing it may be bailing out of a country that used to be one of the world’s go-to minerals destinations.

The firm is BHP Billiton — and the place is Indonesia. With the major saying that it is considering a complete sale and exit from its Indonesian coal operations.

BHP spokespeople confirmed to Reuters that the company is looking at options for the sale of its IndoMet metallurgical coal division. Which holds seven licenses across Indonesia’s Central and East Kalimantan provinces.

Such a sale would be a substantial about-face for BHP. Which...