September 07, 2008

BHPB completes sale of Elouera Mine to Gujarat NRE FCGL

BHP Billiton announced that it completed the sale of its Elouera mine, which is a part of the Illawarra Coal business located in New South Wales region of Australia, to Gujarat NRE FCGL Pty Ltd.

BHPB said that “Completion of the sale follows the transfer of the coal lease and associated licenses and 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 finalized in March 2007.