Bhpb to begin work on IndoMet coal project
BHP Billiton Ltd said that it plans to begin work on the USD 1.34 billion IndoMet coal project in Indonesia within weeks, a move that would open up a new mining province to help meet booming Asian demand for steelmaking raw materials.
BHP, the world's biggest miner, is preparing a hostile bid for peer Rio Tinto whose board has turned down a friendly approach worth billions of US dollars, British newspapers have said.