COMPANY PROFILE
Churchill Mining PLC (“Churchill” or “the Company”) listed on the Alternative Investment Market of the London Stock Exchange in April 2005.
Churchill’s business plan is to leverage off the growth currently being experienced in China and India and in particular their appetite for raw materials used as feedstock in their burgeoning energy and steel industries.
Churchill’s growth plan quickly accelerated following the discovery of a very large thermal coal deposit in the East Kutai Regency of Kalimantan, Indonesia. To date more than 3.18 billion tonnes of coal has been drilled to JORC standard.
Churchill has consequently focused its drilling to turn part of this resource into a mining reserve and to scope-out both short-term and long-term production scenarios.
Apart from its thermal coal interests, Churchill also has a significant investment in gas via its Sendawar Coal Bed Methane project, also located in Kalimantan, Indonesia. Acquired in 2006, the project is sited over a large CBM basin. The Company continues to conduct technical due diligence on the project and is talking with major international oil, gas and CBM companies about their possible joint venture involvement.
Churchill also retains an exposure to the manganese sector via its 21.74% shareholding in ASX-listed explorer Spitfire Resources Limited. Spitfire is exploring the South Woodie Woodie project in Western Australia, a project which covers more than 1,100 square kilometres of granted tenements and tenement applications. Spitfire also has a portfolio of thermal coal projects in Tasmania.
Churchill’s management continues to assess further opportunities in Southern Asia to acquire quality projects in line with the Company’s business plan. Churchill is committed to growing shareholder value and becoming a leading minerals explorer and future miner.