Proactiveinvestors United Kingdom Churchill Mining articles

Churchill Mining: Preparing next steps in Indonesian legal battle

Wed, 11 Apr 2012 09:19:00 +0100

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.

Churchill shares soar 40 per cent after new local partners show their faith in the company

Tue, 03 May 2011 11:03:00 +0100

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.

Churchill chairman says East Kutai licences "remain valid at this point in time"

Sun, 13 Mar 2011 15:13:00 +0000

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.

Churchill Mining Expects Strong Interest in East Kutai After Positive Feasibility Study

Thu, 23 Sep 2010 08:26:00 +0100

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.

Churchill Mining secures a big partner for a big project

Wed, 21 Apr 2010 06:30:00 +0100

Having secured Credit Suisse as strategic advisor for developing East Kutai, the company is poised for the leap into a higher league

Churchill mining completes feasibility study for flagship East Kutai coal project

Tue, 15 Dec 2009 10:36:00 +0000

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.

Churchill Mining's Paul Mazak speaks to Proactiveinvestors

Thu, 09 Jul 2009 08:00:00 +0100

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.

Churchill Mining more than doubles East Kutai Coal Project resource to 3.18 billion tonnes

Mon, 18 May 2009 09:11:00 +0100

The revised resource estimate now qualifies East Kutai as one of the largest undeveloped coal projects in Indonesia, and places the project into the same league as the 3.3 billion tonne Pakar deposit,

Churchill Mining's preliminary pit design envisages low strip ratio

Mon, 08 Dec 2008 10:44:00 +0000

Thermal coal exploration and development company, Churchill Mining, reported further encouraging results from the East Kutai Coal Project in Indonesia.

Churchill Mining - 1.4 billion tonnes of coal: the countdown to production begins.

Fri, 17 Oct 2008 10:13:00 +0100

Churchill has made hugely impressive progress at its mammoth East Kutai coal project. Time now to establish the economics and get started.

Churchill Mining is a fast emerging coal player with serious ambitions

Tue, 13 May 2008 00:00:00 +0100

By using the year-end target of 100 million tonnes of reserves suggests a minimum value of $500 million on this project. Add in another 400 million resource tonnes, all at the lowest category (inferred), and you can add up to another $200 million of value.

Churchill Mining focuses on Coal, the new black gold

Wed, 27 Feb 2008 00:00:00 +0000

East Kutai already has a value of at least US$120 million. So with a reserve of 100 million tonnes, Churchill Mining?s 75% stake in East Kutai is likely to be worth around US$375 million.