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IndoMet Coal Project

12 bytes added, 02:03, 20 June 2014
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====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. In May 2010 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>
The following week, a Citi analyst, Clarke Wilkins, made the extra-ordinary claim that BHP Billiton could consider a tripling the production rate of the project if the resources super-tax went ahead. Wilkins claimed:
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