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Churchill Mining
Full Churchill Mining profile hereChurchill Mining listed on the Alternative Investment Market (AIM) of the London Stock Exchange in April 2005 and is committed to growing shareholder value by becoming a leading minerals explorer and future miner at a time of accelerating commodities demand. Churchill's business plan is to leverage off the strong growth in demand currently being experienced in China and India for commodities which are used as feedstock in the ever expanding energy industries. Churchill Mining’s strategy is to explore and develop mining projects that will leverage off the current appetite for raw commodities which are used in burgeoning steel and energy industries in growing economies. Churchill’s main focus is its highly prospective thermal coal project located in the East Kutai Regency of Kalimantan, Indonesia. Churchill has also acquired the Sendawar CBM Project in East Kalimantan, Indonesia, which is in an highly prospective area for coal bed methane.
Churchill Mining gets further vote of confidence as Indo Setubara ups stake to 7.6%
Churchill Mining (AIM: CHL) has been notified that Advaita Partners managed Indo Setubara Limited has purchased a further 0.5 million shares in the company to increase its shareholding to 7.61% a little over a year after acquiring an initial 6.6% interest in the company.
Back in December 2008, Advaita purchased 4.45 million shares in Churchill through Indo Setubara to gain a 6.6% shareholding, which Churchill said acknowledged a vote of confidence that the investment in the company represented.
Indo Setubara aims to become a preferred fuel supply partner for Indian power producers, already holding interests in several coal concessions in Indonesia and Mozambique with mandates for coal supply from power companies that it said set up over 10 GW (gigawatt) of imported coal based power capacity in South India.
Churchill is currently developing the East Kutai coal project in Indonesia, where it has recently concluded a feasibility study, confirming a preferred 20 million tonne per annum production rate. The EKCP has a 2.481 billion tonne JORC resource of which 956 million tonnes has been classified as a JORC probable reserve.
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Churchill Mining secures a big partner for a big project
Having secured Credit Suisse as strategic advisor for developing East Kutai, the company is poised for the leap into a higher league
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Churchill mining completes feasibility study for flagship East Kutai coal project
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.
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Churchill Mining's Paul Mazak speaks to Proactiveinvestors
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.
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Churchill Mining more than doubles East Kutai Coal Project resource to 3.18 billion tonnes
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
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.
Churchill has made hugely impressive progress at its mammoth East Kutai coal project. Time now to establish the economics and get started.
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Churchill Mining is a fast emerging coal player with serious ambitions
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
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.
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03/09/10
Churchill Mining confirms ‘third-party discussions’ over East Kutai Coal Project -
01/07/10
Churchill Mining to up East Kutai coal production rate by 10 mln tonnes/yr -
18/06/10
Churchill Mining takes direct control of Indonesian assets following new mining law -
26/05/10
Churchill Mining raises £16 mln for East Kutai coal project, JORC reserve increased -
26/05/10
Churchill Mining raises £16 mln for East Kutai coal project, JORC reserve increased -
12/05/10
Churchill Mining appoints CFO and forms Indonesian advisory board for East Kutai development -
26/04/10
Churchill Mining wins state firm for potential off-take and coal enhancement plant for East Kutai -
19/04/10
Churchill Mining appoints Credit Suisse as strategic advisor for East Kutai coal project -
29/03/10
Churchill Mining’s East Kutai coal project gathers momentum in H1 -
24/02/10
Churchill Mining targets completion of East Kutai feasibility review for Q2 2010
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