Posted in | News | Minerals | Mining

BHP Billiton Sell Australian Coal Mine to Gujarat

May 16 2007

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BHP Billiton announced today that it has reached agreement to sell its Elouera mine (Elouera), which is a part of the Illawarra Coal business located in New South Wales, Australia, to Gujarat NRE FCGL Pty Ltd (Gujarat).

The sale includes the mine, associated land holdings and the responsibility for rehabilitation and closure of the mine once operations are complete.

Mining operations at Elouera by BHP Billiton were completed in 2005. Since then the mine has been operated under a limited contract mining agreement with Delta Mining Company, which was finalised in March 2007.

Sale of the mine is subject to various conditions precedent including completion of the transfer of the Coal Lease, and associated licenses to Gujarat.

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