Memorandum of Understanding signed with PLN subsidiary
26 April 2010
Memorandum of Understanding signed with PLN subsidiary
Churchill Mining Plc (AIM: CHL) is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with a subsidiary of PT. Perusahaan Listrik Negara (PLN), the Indonesian state electricity firm. Under the MOU, PLN-Batubara (PLN-B) will review the purchase of up to five million tonnes per annum (5Mtpa) of coal from Churchill. This additional coal production would be over and above the 20Mtpa already planned for mining in the northern area the project, significantly increasing Churchill’s forecast coal sales.
Read the Full Announcement here:
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