It has been reported the deal is worth around $US120 million.
IndoMet comprises seven coal contracts of work win Central and Eastern Kalimantan, Indonesia.
The Haju mine, which is located within the Lahai coal CoW, has a production capacity of 1 million tonnes of coal per annum and has been in production since 2015.
“After a detailed review of IndoMet Coal, we concluded that although the project could support a larger scale development, BHP Billiton has a range of other growth options in the portfolio that are more attractive for future investment," IndoMet asset president James Palmer said.
Jakarta-listed Adaro paid $335 million for its 25% stake in 2010.
BHP shares closed at $A19.78 yesterday.
