Company Profile

Churchill Mining PLC (Churchill or the Company) listed on the Alternative Investment Market (AIM) of the London Stock Exchange in April 2005.

Churchill's business plan is to leverage off the rampant growth currently experienced in China and India and in particular its appetite for raw commodities used as feedstock in its burgeoning steel and energy industries.

The execution of this business plan has been instigated with the acquisition of the Sendawar Coal Project in East Kalimantan, Indonesia as well as continued exploration of the South Woodie Woodie manganese project in Western Australia .

More recently, the company has concluded an Exclusivity Agreement with PT Techno Coal Utama in regard to the highly prospective thermal coal project located in the East Kutai Regency of Kalimantan, Indonesia.

Furthermore Churchill's management continues to assess further opportunities in Australia and southern Asia to acquire quality projects in line with the Company's business plan. Churchill is committed to growing shareholder value by become a leading minerals explorer and future miner at a time of accelerating commodities demand.


Recent Minesite article : http://www.churchillmining.com/pdf/2008/23_01_08.pdf


January 2008 Research note : http://www.churchillmining.com/pdf/2008/reserchnote.pdf

Hi Cyril, Don't worry you're not talking to yourself. Like you I hold this share and think that it is one worth holding onto. Best wishes, Clive.

Thanks for your responce,comforting to know. Results can't be that far off now and should bring this to notice of a wider circle? What will add spice to the company will ge a BFS which could be by end of year?
cyril

Just in and a happy chappy,all time high bring new support levels.Might evewn break 1 on resource update?
cyril

Hi Cyril, Still doing well and hopefully a resource update could push further as you mention. Being now retired I have been investing since early this year and was lucky enough to get in at the bottom of the crash (I stress lucky as I believe that good/bad fortune plays a large part in life) and I always liked this share/company even though I know one should have a detached approach to investing..?? I lived/worked some time in the Far East (Borneo) and know from personal experience that that area has great potential with industrious people and natural resources. I also have invested in Fortune Oil as I feel that the big picture looks promising there also. Being new to investing I am still learning the ropes as I go along (by the way what do you mean by BFS on earlier posts?) so I mainly try to judge things on the 'Big Picture' so to speak without too much attention to the nitty gritty - although I realize of course that basics do count. Best wishes Clive.

Good morning Clive.more news.BHP are rumoured to be tying up with CHL(ref. The FT today?) and seems to be the reason for the sudden rise? The resource update will hopefully add to SP,if as good as expected?
cyril

Just bought into this one today....like the last rns and the bid rumour in the FT could have some foundation........definitely worth a look ....IMHO

The Company notes recent press speculation together with the increase in its share price and advises that it has received three separate and unconnected non-binding approaches, all of which are at various stages. Two of these approaches relate to the possible acquisition of specific projects within Churchill, and the third relates to a possible offer for the Company as a whole.




The Company will continue discussions with all three of these parties, which may or may not lead to one or more offers for the Company or certain of its projects. The approaches are conditional on due diligence and at this stage there is no certainty that any will progress to completion.





The Company would also like to clarify that there is no basis to the speculation in the press linking the Company to BHP Billiton.

cyril

Not exciting enough?? Well theirs going to be plenty of excitement today.
cyril

Can we come round to your house as well cyril?? lol

BB of course,4th rock from the ?
Could this be one of the "interested parties"?

Sept. 9 (Bloomberg) -- NTPC Ltd., Asias biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine purchase in Indonesia, the Indian companys first overseas acquisition.

We appointed Macquarie about 15 days back and they have already started due diligence, Chairman R.S. Sharma said in an interview at his office in New Delhi. He didnt give details.

Indian utilities are seeking thermal coal assets overseas to plug a local shortfall as the country almost doubles generation capacity in the five years to March 2012. State-owned monopoly producer Coal India Ltd. said last month it will invest $1.5 billion to acquire mines abroad to help overcome a shortage of an estimated 228 million metric tons a year by March 2012.

cyril

Quite increditable, been out all afternoon golfing,checked in and absolutely no interest? Todays RNS is as near as good as it gets,here's a report summing it up.

Churchill Mining climbs after bid approaches



Coal group Churchill Mining has admitted this morning it had received no less than three separate approaches, but at the same time it denied speculation linking it with BHP Billiton.

It appears two of the approaches are for specific projects, while the other could lead to a full takeover of the business. Fairfax analyst John Meyer said Churchill's projects had attracted attention as the demand for coal increases, and suggested the company needed a strong partner to move forward. It has a large coal project in Indonesia and also owns a 20% stake in Spitfire Resources, which acquired the South Woodie Woodie manganese project in Western Australia.

News of the approaches has certainly lit up Churchill's shares - BHP or no BHP - and they have climbed 9.5p to 94.75p. BHP, meanwhile, is suffering from the general malaise in the rest of the sector, down 15.5p at 16.77.

I just don't know what more one expect,reserves maybe but there not to far away?
cyril

Cannot believe that this has not been marked up as much as it was. IMHO this share is still cheap at the present price. I can see some mention in the press overnight and then lets see what tomorrow brings........on other boards talk of bids around 150 are doing the rounds........lets hope so and if it stays low early on time to top up methinks..!

Market beginng to understand CHL at long last,up almost 25% since yesterday,on top of the recent 100% rise. Remember their are "3" interested parties in all or part of our projects.
cyril

RNS delay in issuing reserves statement?

Cheers halifax,this is the statement.

Indonesian coal explorer, Churchill Mining says that the initial reserve statement that had been expected for the East Kutai Coal project at the end of November will now be released early, some time later this month.

cyril

Not a delay, actually being brought forward from Nov to later this month.
I read earlier on another board that someone had spoke to the CEO, who
expected the results on the 14th,whatever within 3 weeks??

-----------------------------------------------------------------------------------http://www.youtube.com/watch?v=0QUsVDWd2js-

http://www.youtube.com/watch?v=bWZ28gibyzw

http://www.youtube.com/watch?v=0QUsVDWd2js

http://www.iog.org/Resources/IOG/Migrated%20Resources/Documents/untitled5.pdf

http://www.valebowlingclub.co.uk/bowling_green_maintenance.htm

RNS states reserve update was due 6 weeks from 26th August and will now be announced later in October.

Halifax you are correct and i was surprised at the time of reading my posted version. If you go to the AM news you will see that that i c&ped from it.
This from abother ptovider,
Churchill Mining PLC (AIM: CHL), the Indonesian-focused coal mining company, announced on 26 August 2009 that an initial reserve statement was anticipated to be available within approximately 6 weeks for the East Kutai Coal Project. The Company and its Indonesian partners now anticipate that this reserve statement will be announced later in October.

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We,ve experienced this delay several times now and will of course leave one thinking "when i see it?".However its still hughly undervalued imho and once we do evenually get the results "whoosh", unless it of course climbs steadyly in the meantime?
cyril
ps. Don't forget 3 bids which could be, what this delay is all about???

Agree will be worth waiting for.

Hi Cyril/Halifax, I am a little surprised that there seems to be so few of us on this board considering the recent price performance and news from Churchill...??
I bought into this share around 50p and still being somewhat new to the investing game (if one can call it a game..??) I am starting to get a little twitchy now that my stake has doubled.
Although I have already learnt the hard lesson of getting out of a share too soon in that I recently sold POG and WCC after what appeared to me as reasonable gains (about 50%) only to see them both carry on shooting upwards.
Do either of you have any personal view about what one could expect as a reasonable ceiling for this share - I appreciate that 'personal views' are just that (i.e. personal) and that we all have to make our own call so to speak but would still appreciate hearing your thoughts. Clive