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

Churchill gets a mention in FT market report tonight-Churchill Mining was also being closed followed amid speculation that there could soon be a conclusion to long-running takeover talks. In September, the coal miner revealed it had received three approaches: two for the possible acquisition of specific assets, and the third a possible offer for the company. Churchill, which spent most of the day in positive territory, dipped 0.2 per cent at 95p.
cyril

A lot of excitement today with large buys and volume,which could suggest
the long overdue RNS is about to be released?
cyril

Ditto to previous post,only RNSis promised and undoubtability concerns
the Feasablity Study.
cyril

Strong finish and good volume augers well imho?
cyril

A good day cyril hope we can keep the momentum going tomorrow and not drop back like previous risers

Churchill Mining expects to complete the East Kutai coal project feasibility study in the second quarter.

Churchill - and its partner the Ridlatama Group - are developing the project in Indonesia with a JORC Mining Reserve of 956 million tonnes of coal.

Churchill announced in September that it had eceived several non-binding approaches relating to possible acquisitions of specific projects within Churchill.

Churchill says it is continuing to review these approaches, and its options with regard to the various funding and commercial alternatives for the EKCP and is working through an evaluation of these alternatives in order to maximise shareholder value

MM's dropped SP at 1st thing, but back to 100p.
cyril

Rumour of the day

Churchill Mining is trying to dig coal from Indonesia. Despite a delay to a feasibility study at its East Kutai Coal Project there, which has reserves of 956 million tonnes, the shares eased only 2p to 97p. This surprising resilience was rumoured to be down to interest from a big Indian resource company in paying through the nose for one of Churchills assets.
cyril

A nice rise for us today cyril and held on well to the gains at the end,, good volume too


Have a happy Easter and lets see what next week brings

KK a belated thank you for your wishes,hope you had a good easter. The weather alas did't help but seems to be changing at last?
CHL is taking it's time but we look as though things are beginning to movibg?
cyril

April 08, 2010

Coal: The Contrarians Investment

By Joe Hung, Editor, Caseys Energy Report



Imagine the price of gold jumping to US$1,500 overnight... what would that do to the price of junior mining companies? Thats what just happened to the price of coal it jumped 38 per cent in one day!
Coal is dirty, its dusty, and it sends environmentalists into a tizzy. Its also the most rapidly growing fuel source in the world, its broadly distributed with almost 70 countries having economically recoverable resources, and the energy found in it still exceeds that in all other fossil fuels combined.

Whether you love it or hate it, coal will be playing the most important role in global energy supply over the next 50 years and it is the focused investor who stands to profit from this. As far as energy prices go, coal has historically been lower and less volatile than oil and gas.

For developing nations, this makes coal a first pick as an energy source, and combined with considerable deposits, it is simply the cheapest and most convenient thing around. This isnt to say its not important for the rest of the world: in the United States, almost 50 per cent of all electricity generated and 90 per cent of the steel production is fired by coal.

Where it gets really interesting is when we look at the demand for thermal coal (the coal used to generate electricity) from the emerging Asian markets. With looser environmental concerns, the emissions cap threat that is dogging producers in the United States and, to a lesser extent, Canada, is not quite as real here.

India is seeing rising demand even as coal resources shrink, while China consumes almost half of the worlds production of coal each year. With a rapidly expanding industrial sector that needs constant fueling, and cleaner alternatives still too expensive, China and India are out shopping and undeveloped coal resources from Mozambique to Canada are the hot items. All of which makes the companies holding on to these assets prime targets for takeovers and joint ventures.

Adding the sparkle to this rather lucrative picture is that the European and South American companies that were dependent on Asian coal exports are now looking towards North America for exports.

Then there is metallurgical coal. Known more widely as coking coal, it is essential in refining iron ore and the production of steel, and carries none of the environmental stigma that comes with thermal coal. Nor is it as abundant as thermal coal, since only a relatively narrow range of coal rank and compositions make good coking coals.

It thus demands a much higher price. Any industrialized nation has a high demand for steel, and with housing booms and rapid infrastructure development, Japan, China, India, and Korea (to name a few countries) are desperate seeking to fuel their growing appetite.

With the demand for thermal and coking coals becoming red-hot in the strong Asian markets, the team at Caseys Energy Report knows coal is the invisible bull market.

In 2009, Chinas total coal imports tripled, reaching 125 million tonnes, and last month it signed yet another multi-billion coal supply contract. Indias growing negative coal balance saw a record-breaking 80 million tonnes of coal imported last year and that number is set to rise for 2010. The global energy market is set, and the profits are there for the taking.
cyril

Serious break out at,140p,it'll be interesting to see what happens in the coming days?
cyril

CHURCHILL APPOINTS CREDIT SUISSE AS STRATEGIC ADVISOR



Churchill Mining Plc (AIM: CHL) is pleased to announce the appointment of Credit Suisse as a strategic advisor to Churchill with regard to the development of the East Kutai Coal Project. The East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 956 million tonnes and a JORC Mining Resource of 2.481 billion tonnes.



Churchill and its Indonesian partner, the Ridlatama Group, are currently progressing with the development of the East Kutai Coal Project. The East Kutai Coal Project is planned as a 20 million tonnes per annum operation, positioning Churchill to become a major exporter of thermal coal to meet the growing demands of the expanding Asian energy market.



Credit Suisse will work with Churchill to complete a strategic review process, which will 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 or the conclusion of a long-term offtake arrangement. Having completed over $13 billion of Indonesia-related coal transactions in the last five years, Credit Suisse is considered the pre-eminent international investment bank in the Indonesia coal space.



Churchill Mining CEO Paul Mazak commented:



"We are pleased to have retained Credit Suisse as a strategic advisor to Churchill. As the market-leading investment bank to the coal sector in Indonesia, working with leading companies such as PT Bumi Resources, IndoCoal, Adaro Energy and others, Credit Suisse brings a vast amount of experience and expertise to procure the financing for the development of the East Kutai Coal Project."



Credit Suisse Investment Banking Head of Mining, South East Asia, Alberto Migliucci commented:



"Credit Suisse is excited about working with Churchill to maximize the interest that a substantial resource such as the East Kutai Coal Project deserves. Strong energy demand growth throughout Asia, particularly India and China, coupled with regional shortages in power generation capabilities, creates a positive environment for large scale projects such as the East Kutai Coal Project. Credit Suisse looks forward to working with Churchill to determine the best approach for the development of the East Kutai Coal Project."

cyril

new article, click HERE

Churchill Mining A Screaming Buy !

Churchills 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.

Churchills growth plan quickly accelerated in 2007-2008 following the discovery of a very large thermal coal deposit (Churchill 75% owner) in the East Kutai Regency of Kalimantan, Indonesia. To date more than 3.18 billion tonnes of coal has been drilled to JORC standard and the project area explored only represents 20% of the Companys total land holding in the Regency.

Read recent RNS news for more detail, the costings are going to be published soon by the company which will give an idea to all bidders as to the value of the company. with several potential bidders for the company and/or its projects Churchill Mining is a sceaming Buy !

cyril

26 April 2010
AIM: CHL


CHURCHILL MINING PLC
("Churchill" or the "Company")

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.

A Joint Study Group will be established to focus on the use of the PLN's coal
drying and enhancement technology ("Licol") for use with coal from the East
Kutai Coal Project. Initial testing on Churchill's coal with the Licol process
has already successfully upgraded Churchill's sub-bituminous coal to coal with
bituminous characteristics, increasing its value.

Upon successful conclusion of the review, PLN-B would build an initial
commercial Licol coal enhancement plant module of 250,000tpa at its cost, to be
followed by additional modules to enable the production of up to 5Mtpa of
enhanced coal.

The MOU with PLN-B is part of the PLN's plans to enter into strategic
arrangements to assist the owners of coal concessions to develop their projects,
as stated by the President Director of the PLN, Mr. Dahlan Iskan, "We offer
direct partnerships to develop coal concessions. In this venture PLN will
provide capital expenditure and royalties to [mining rights] owners."

The current plan for production at the East Kutai Coal Project is for a 20Mtpa
mining operation from the 400Mt of JORC Reserve in the planned northern pit.
The other 600Mt of Churchill's 1 Billion Mt JORC Reserve is located in the
planned central and southern pits. Coal supply to PLN-B would come from the
southern pit.

Churchill Mining M.D. Paul G. Mazak commented:

"We are extremely pleased to have signed an MOU with PLN-B. We view PLN as a
very valuable government partner in Indonesia. Additionally, this provides
Churchill with an opportunity to significantly scale up production plans at the
East Kutai Coal Project by a further 5Mtpa, building on our plans to produce
20Mpta. Importantly, a supply agreement with PLN-B would also mean that
Churchill would achieve its Domestic Market Obligation to supply coal into the
Indonesian market."

"This represents a considerable opportunity for Churchill, as the Company seeks
to assess strategic opportunities to move forward with its EKCP project and fast
track development."
cyril

http://www.youtube.com/watch?v=D7rc_F6JDmQ

Good news cyril, its looking like a world class mine in the making

<
Kk yes looking top class and with Credit Suisse now on board i can see this going from strength to strength. To think i recomended this at 50p abd was told not "exciting enough",well it's certainly getting so now.
cyril
ps, are you in AYM as it looks ready to break out,well worth researching?

No am not in AYM these are my only coal stocks, maybe if these get taken out then i may have alook at some others, at the moment money is tied up thanks

Churchill managing director Paul Mazak commented: �We view PLN as a very valuable government partner in Indonesia. Additionally, this provides Churchill with an opportunity to significantly scale up production plans at the East Kutai Coal Project by a further 5Mtpa, building on our plans to produce 20Mpta. Importantly, a supply agreement with PLN-B would also mean that Churchill would achieve its Domestic Market Obligation to supply coal into the Indonesian market."



In its Morning Report, Astaire Securities called the agreement �an important step forward for Churchill, which has an obligation to supply the domestic market�. �Churchill is moving forward with development of the East Kutai Coal Project, with today�s news potentially adding value, and increasing the attractiveness to potential off-take or JV partners, The broker added.

The East Kutai coal project currently which has a JORC compliant reserve of 956 million tonnes of thermal coal and resources of 2.481 billion tonnes.

There has been plenty of interest in East Kutai in the past few months. Mazak said last week the group has been inundated with proposals for its flagship project, and to streamline this process, Churchill put out to tender the position for a strategic advisor for the development of East Kutai and was approached by 9 investments banks. Enter Credit Suisse, which emerged as the leading candidate through its exceptional expertise in the Indonesian energy markets and impressive track record.
cyril
ps Kk AYM is more iron ore,40%holding in Labrador (LIM on the TSX),
worth doing some research in case funds become available?
GL_

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

Thanks cyril