Churchill Mining PLC is an AIM listed (CHL) mining company with a significant thermal coal development project located in the East Kutai Regency of Kalimantan, Indonesia, where to date more than 2.73 billion tonnes of coal resource has been defined to JORC standard. The project feasibility study has been completed, indicating an economic and desirable project and the study forms the platform for the next stage in the development of the Project. In addition to the East Kutai Coal Project, Churchill has interests in the Sendawar Coal Bed Methane Project in East Kalimantan, Indonesia and a strategic holding in Spitfire Resources, who are developing the South Woodie Woodie Manganese Project in Western Australia.
11/04/12
Churchill says it has been subjected to a sustained campaign to expropriate its rights as a legitimate foreign investor in Indonesia. It’s now looking to international arbitration as it appears set to lose an appeal in Jakarta’s Supreme Court.
03/05/11
Shares in Churchill Mining shot up more than 40 per cent in opening deals after it was revealed that the group is bringing on board two Indonesian partners who are subscribing for £7.7 million-worth of shares.
13/03/11
It has been a difficult week for Churchill Mining, which has been caught up in a legal battle in Indonesia. A regional administrative tribunal ruled against the company, which has been trying to protect the legal standing of its mining licences for the East Kutai coal project – a 2.73 billion tonne coal resources. Churchill has already announced it is appealing the decision. Below chairman David Quinlivan answers our questions about the litigation.
23/09/10
The company this morning unveiled the long-awaited feasibility study on its world class coal deposit in Indonesia. Judging from the comments of managing director Paul Mazak there ought to be no shortage of interest when it casts the net for joint venture partners and potential buyers of the asset.
21/04/10
Having secured Credit Suisse as strategic advisor for developing East Kutai, the company is poised for the leap into a higher league
15/12/09
Churchill expects construction on the project in Indonesia to start in 2010 and plans to update investors on capital cost and financial return estimates once infrastructure tenders have been received in January.
09/07/09
Paul Mazak, MD of Churchill Mining, talks about a very good place to mine coal, a three billion tonnes coal resource with a low stripping ratio, how a coal resources is valued, raising £5 million, completing a feasibility study by the end of this year, and getting ready for construction.
18/05/09
08/12/08
17/10/08
13/05/08
27/02/08
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