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

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.

------------------------------------------------------------------------------------------
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

Thanks BB,Clivefor your thoughts.

How far can CHL go,well i'm expecting min of 150p(s/term) and hopefully a lot more? We're waitng for the v/importent independent resource update which could be 250/750mtones of thermal coal(expected in the next 2 weeks) and a BFS(bankable feasabilty study)by early 2010(ex/importrnt)along with that, 3 bidders,2 for part of and the other for all of CHL
Its not just t/coal we have at Sandiwar a excellent CBM(coal based methane) prospect and a stake in a manganese mine in Aust.
So more 2/3 for me,if uncertain top slice,take some profits and allow the rest to run.
cyril

Niceonecyril,

Sandewar is ONLY a CBM project I believe, the coal is too deep to be economic if my memory serves me well.

Andy i was refering to S/W/Woodie for manganese.
Finals out, part of.

AL RESULTS FOR THE YEAR ENDED 30 JUNE 2009




OPERATIONAL


East Kutai Coal Project (75%) Indonesia


* EKCP JORC-Code compliant resource of 2.5 billion tonnes was significantly
expanded from 1.4 billion tonnes;
* An additional 618 million tonnes undergoing additional assessment to further
increase the global resource to in excess of 3 billion tonnes;
* Mining permits secured from the Indonesian Government and project licences
changed to reflect new Indonesian Mining Legislation;
* Numerous project design and engineering milestones completed;
* Feasibility Study nearing completion with results due in December 2009;
* Project financing discussions commenced with various finance institutions and
potential joint venture partners; and
* Discussions in place for potential off-take agreements with power companies such
as PT Cirebon Electric Power.

Sendawar Coal Bed Methane (70%) Indonesia


* Discussions ongoing with international oil, gas and Coal Bed Methane companies
for the provision of technical assistance, off-take agreements and potential
joint ventures.

South Woodie Woodie Manganese (20%) Australia


* ASX-listed Spitfire Resources Ltd (CHL 25.5% owner) confirms the interception of
manganese at the Tally-Ho prospect at South Woodie Woodie in Western Australia,
with an initial JORC compliant resource delineated

Corporate


* In May, the Company successfully raised GBP 5 million through the placing of
10,000,000 new shares at 50p per share with predominantly institutional
investors. The placing was oversubscribed and the 50p placing price did not
reflect a discount to the prevailing share price at the time.
* In March, the Company announced the appointment of Mr. Jan Alex Castro as a
Non-Executive Director, who brings with him a wealth of experience and expertise
in financing for mining and natural resources companies globally.


Financial


* In line with expectations, the full year loss was US$ 14,089,527 or US$ 0.2076
per ordinary share primarily reflecting investment into EKCP.
* The Company currently has a strong cash position, with cash reserves at the end
of June totalling US$ 10.9 million to continue development work at the EKCP.



For further information please contact
Enquiries:
+--------------------------------+-------------------+------------------------+
| Churchill Mining Plc | Astaire | Pelham PR |
| Managing Director - Paul G. | Securities | James MacFarlane / |
| Mazak | Shane Gallwey | Charles Vivian |
| +62 81510539186 / | +44(0)20 7448 | +44 (0) 20 7337 1500 |
| + 62 21 39832398 | 4400 | or |
| paul.mazak@churchillmining.com | | +44 (0) 7841672831 |
|
cyril | | |
+--------------------------------+-------------------+------------------------+

Contact with the company(3rd party) has confirmed that the JORC will be released this week, that bid negotiations are well advabced and expected to be finalise within the next few weeks???
Thinking of taking somemore at this SP.
cyril