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IndoMet Coal Project

6 bytes added, 08:42, 13 June 2014
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According to Adaro Energy on June 11, 2010, just two weeks after the Indonesian government approved the joint venture deal, "[[Boy Thohir]] was appointed a Commissioner and [[Chia Ah Hoo]] and [[M. Syah Indra Aman]] were appointed Directors to the existing Boards of each of the 7 concession companies that comprise the IndoMet Coal Project."<ref>Adaro Energy, [http://www.adaro.com/wp-content/uploads/2013/07/Aug-2010-Citi_Indonesia_Conference.pdf "Adaro Energy: On Track to Build a Bigger and Better Adaro Energy"], Presentation to Citi Indonesia Investor Conference, August 2010, page 4.</ref>
====Stalled but still politically useful====
Even though work on the ground for the project had stalled, the company sought to use the ''potential'' of the project as a political weapon against the Australian government which was proposing a 40% resources super-tax profit. BHP Billiton's chief executive, Marius Kloppers, publicly stated that if the tax went ahead it would make the IndoMet more attractive compared to projects in the Bowen Basin in Queensland.<ref>Matt Chambers, [http://www.theaustralian.com.au/business/offshore-coal-deal-appeals-to-bhp-in-face-of-rspt/story-e6frg8zx-1225872742287 "Offshore coal deal appeals to BHP in face of RSPT"], ''The Australian'', May 29, 2010.</ref>
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