Statement Re Strategic Review
25 January 2011
Statement Re Strategic Review
Churchill Mining PLC (AIM: CHL) notes the media reports relating to plans and negotiations to sell the Company or its assets.
Churchill announced the appointment of Credit Suisse in 2010 to complete a strategic review process, in order to evaluate the various options for financing the development of the East Kutai Coal Project, including the development of the project with a joint venture partner, sale of the project or the conclusion of a long-term offtake arrangement. There has been a significant response from interested parties in a number of countries, primarily; India, Indonesia, South Korea and South East Asia, and as expected, discussions with potential partners, financiers and purchasers remain ongoing.
Read the full announcement here:
PDF View PDF
Churchill Mining appoints John Nagulendran as non-exec director
Churchill Mining ( LON:CHL ) has appointed John Nagulendran as a non-executive director. Nagulendran serves as the assistant general counsel of Pala Investments AG, the exclusive advisor to Pala Investments Holdings Ltd, a substantial shareholde...
Churchill Mining files new formal letter to Indonesia president in East Kutai coal project dispute
Churchill Mining ( LON:CHL ) has filed a further formal letter to the President of Indonesia, seeking support and legal protection in order to achieve an amicable and commercial resolution to the dispute regarding the East Kutai coal project ...
Churchill Mining: Preparing next steps in Indonesian legal battle
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 ...
Churchill Mining to accelerate international arbitration as Indonesia’s Supreme Court rejects appeal
Churchill Mining ( LON:CHL ) said it will now look to accelerate its filing of an international arbitration claim against the Republic of Indonesia.
This comes as the firm reported that notations on the register of Indonesia’s Supreme Cour...
Churchill Mining to consider international arbitration in Indonesia dispute
Churchill Mining ( LON:CHL ) today said it may start international arbitration proceedings against the Republic of Indonesia.
It says the company has been subjected to a sustained campaign to expropriate its rights as a legitimate foreign invest...