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

An exclusive report from James Faulkner of WatsHot.com

Expert tipster James Faulkner, whose recent comment on Range Resources caused such an increase in volumes that the company was forced to issue a statement on the matter, provides two new tips a month and regular updates on specialist small caps site WatsHot.com.

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In this report, first published last Wednesday on WatsHot.com, the expert tipster takes a detailed look at coal mining and the stocks that could help you take advantage of increasing demand for the fuel. To read more insightful analysis like this from James in his daily column and get two brand new tips each month, join WatsHot.com now.

It may be dirty, but coal is set to return to the spotlight in 2011 as demand for cheap sources of energy heats up in the developing world. Latent trends are currently being exacerbated by the recent floods in Australia which have sent coal prices to a two-year high on the back of supply disruption in the world's largest exporter of coal. The situation is said to be worse than the 2008 flooding when the coking price moved above $300 per tonne for the first time, as the number of mines and transportation infrastructure affected is much greater. For a point of reference, the mines affected in 2008 took at least 6 months to recover from the interruption and return to full capacity. The latest rain comes after the country saw its wettest September/November period on record. In the past few months coal miners Rio Tinto, Xstrata, Vale, MacArthur Coal and Aquila Resources have all declared force majeure in the coal-rich Bowen Basin, allowing them to miss delivery commitments. In the week to 24th December, coal prices at the Richards Bay Coal Terminal in Queensland jumped 14% to an average $128.10 per tonne.

The fact that Australia accounts for almost two-thirds of the global coking coal trade points to continued price spikes in the coming months. Coking coal is a vital ingredient in steel-making, and unlike thermal coal it has no obvious replacement. With demand for coking coal remaining very strong indeed in India and China, and a move to a quarterly pricing system has facilitated higher price levels since it was implemented. The Steel Authority recently agreed to pay $225 per tonne to suppliers, a level that is 74% higher than the price it paid during the year ended 31st March 2010. Broker UBS forecasts that prices will hit $250 a tonne in the second quarter of 2011.

The outlook for thermal coal the form of coal used in power stations also looks bright. A report from Deutsche Bank said prices for thermal coal are likely to be 17% higher than expected because of global shortages over the next two years. The bank predicts that thermal coal prices will reach $118 per tonne next year and $140 in 2012. Here, too, the picture is one of rising demand exacerbated by constrained supply in key producing areas.

Rising prices have proved a catalyst for M&A activity in the sector. The most notable activity of late includes Rio Tinto's 2.2 billion bid for Riversdale Mining's Mozambique operations; Vallar's $3 billion deal to make a mining company from the coal assets of the Bakrie family in Indonesia; and Walter Energy's $3.3 billion bid for Western Coal earlier this year (on which WatsHot subscribers bagged a 180% profit). 2010 saw 27 coal deals, compared to 25 in 2009, with single mega-asset transactions accounting for 15 deals and up 50% on 2009 levels, according to Wood Mackenzie Group. This trend is likely to continue in 2011. Here are a few ideas of how to play it.

Churchill Mining (CHL)

Churchill has a potentially world-class project on its hands in the East Kutai project in Indonesia. Even in the project's current embryonic state, broker Astaire believes the company could achieve a sale value in excess of $300 million significantly greater than the firm's current market capitalisation of 114 million.(Now just 85m!) Whatever the eventual outcome, payback would be relatively swift. At 20Mtpa (million tonnes per annum) and a conservative cash operating margin of $20 per tonne, the project would generate free cashflow of $400 million per annum for at least 30 years. At a more realistic margin of $30 per tonne (based on $45/t revenue and $15/t costs), this increases to $600 million per annum. Recent studies have suggested that the production rate could be as high as 35 Mtpa. Getting the project into production will require deep pockets, with direct capital expenditure estimated at $1.2 billion. However, the company states that it looks forward to "moving swiftly into the next stage in the ongoing strategic process and bringing this large scale Project into development", and discussions with third parties are ongoing.

Risk Warning: The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. Not all comments on WatsHot.com cause an increase in trading volumes. UK-Analyst.com is owned by t1ps.com Ltd which is authorised and regulated by the Financial Services Authority and can be contacted at 3rd Floor, 3 London Wall Buildings, London EC2M 5SY.

Beacon Hill Resources (BHR)

Rio Tinto's $16 per share offer for Mozambique coal developer Riversdale is good news for neighbouring Beacon Hill Resources. The Moatize basin in Mozambique is one of the last undeveloped fields containing potential to produce hard coking coal and Rio's move has brought it into the spotlight. Beacon Hill Resources already produces coal on a small scale from the Minas Moatize mine, and has fully funded plans to lift production in 2012 to over 2 Mtpa (million tonnes per annum), 30% of which is expected to be coking coal for the export market. The firm enjoys first mover advantage in the basin and the current infrastructure is capable of handling the planned ramp-up in production. Broker Collins Stewart expects the shares to be a top performer in 2011. The broker values Minas Moatize at 160 million, of which 68% could be attributable to Beacon Hill, implying a pre-funding NPV (net present value) per share of 55p.

Ncondezi Coal (NCCL)

Also operating in Mozambique is Ncondezi Coal, which is located in a separate basin 26km to the north of Moatize where the presence of coking coal has yet to be proved. The shares rose sharply in December in anticipation of a significant upgrade to the existing 1.8 billion tonne JORC Resource following a recently completed 76-hole drilling programme. Upon completion, the company announced that coal had been intersected on all previously undrilled blocks, and comprehensive results are due to be announced some time in the first quarter of 2011. If coking coal is present in significant quantities then the shares should fly; if not, they will probably fall back. This is therefore an investment for risk tolerant investors only.

Coal of Africa (CZA)

South Africa-focused Coal of Africa recently entered into an agreement to pay a total consideration of $75 million for the 1 billion tonne Chapudi Coal Project, which is contiguous with the firm's Makhado Coking Coal Project. Acquired from Rio Tinto Minerals Development Limited and Kwezi Mining Limited, the Chapudi Coal Project provides the company with an additional estimated 1.04 billion tonne JORC resource (of which 90Mt is Measured, 220Mt Indicated and 730Mt Inferred), which could potentially transform its existing 947Mt Makahdo Project into a major coal mining complex situated in the Soutpansberg Basin. Near-term upside could be provided from the results from the Makhado Project definitive feasibility study due in early 2011, or the results of the bulk sample pit being developed to support the off-take agreement with Arcelor Mittal. The shares traded as high as 300p back in 2008, but the recession came along as well as several operating setbacks, pushing the shares as low as 50p. They currently trade at 110p, and broker Evolution has a risk-adjusted 205p target

Suspension of trading cyril good or bad news, hope this is not another one down the pan for me
Fingers crossed a favourable outcome for us

kk lets hope so,suggestions of lincence issues?

minnow miner linked with singularly corrupt indonesia leads to tribunal rules against Churchill on EKCP licences and an sp that plummets by 70%

3 March 2011 CHL: AIM

CHURCHILL MINING PLC

("Churchill" or "the Company")

Negative decision by State Administrative Tribunal

-- The State Administrative Tribunal in Samarinda, East Kalimantan ruled on 3 March 2011 against Churchill Mining Plc ("Churchill" or "the Company") and its Indonesian partners, the Ridlatama Group ("Ridlatama") in regard to an attempt to cancel the EKCP licenses

-- The decision by the Samarinda Administrative Tribunal is not final and binding as a matter of law until after all appeal avenues have been exhausted

-- The proceedings before the Samarinda Administrative Tribunal do not constitute an action that will immediately affect the legal rights of the owners of the EKCP Licenses

Churchill Mining (AIM:CHL), announces that the State Administrative Tribunal in Samarinda, East Kalimantan has today ruled against Churchill Mining Plc ("Churchill" or "the Company") and its Indonesian partners, the Ridlatama Group ("Ridlatama").

Under the Indonesian legal system an Administrative Tribunal is supposed to rule strictly on matters of process as to whether bureaucrats, elected officials, and government institutions have observed procedural rules and regulations in making decisions. The proceedings before the Samarinda Administrative Tribunal do not constitute an action that will immediately affect the substantive rights of the owners of the EKCP Licenses and the decision by the Samarinda Administrative Tribunal is not final and binding as a matter of law until after all appeal avenues have been exhausted.

The Company strongly disagrees with the decision and is currently evaluating options to remedy the situation, including appeal to the State Administrative Tribunal in Jakarta. At no time during this process has Churchill considered the EKCP licenses cancelled or invalid.

Background to the State Administrative Tribunal

It was brought to the attention of the Company and Ridlatama in 2010 that the East Kutai Regent ("Regent" or "Bupati") had purported to have cancelled the four mining licenses that comprise the East Kutai Coal Project (EKCP).

Ridlatama and Churchill initiated the Administrative Tribunal in September 2010 in order to have the original cancellations officially expunged from the record, as they considered that the Bupati had violated a number of administrative protocols.

Ridlatama and Churchill requested that the review be held 'in camera' until the results were made public, although the Board took the decision on the 21 February to notify the market of the upcoming action, in-order to pre-empt potential speculation in the Indonesian press which could have been detrimental to the process.

The Administrative Tribunal did not however agree with Churchill's and Ridlatama's position and ruled that the Bupati's attempted revocation of the EKCP licenses did not defy any administrative regulations, a decision that Ridlatama and Churchill will appeal to the State Administrative Tribunal. Instead, the Tribunal cited an April 2010 letter from the Ministry of Forestry to the Regent advising the cancellation of Ridlatama and Churchill's licenses after receiving reports from residents that the Company had carried out mining activities leading to the damage of forestry areas.

Churchill strongly protests this decision and emphasizes that the Company and its partners have never done any mining at the EKCP site. Furthermore, Churchill points out that the communities around the EKCP site have never made such a complaint, a claim substantiated by a sworn Ministry of Forestry affidavit from the chief of the local Dayak cultural council (the traditional community's foremost authority on land issues) that affirmed that local land owners have found the EKCP partners to have never performed any illegal activities and to have acted responsibly at all times. This evidence was presented during the Administrative Tribunal proceedings. Finally, Ridlatama and Churchill note that the licenses that make up the EKCP, which were issued by the same Regent in 27 March 2009, lie outside forestry areas, and therefore are not subject to Ministry of Forestry oversight.

Validity of Licenses

Notwithstanding the decision of the Samarinda Administrative Tribunal, the validity of the EKCP Licences has been confirmed on at least two separate occasions:

t The BPK (an independent state agency tasked with the oversight and audit of state accounts and spatial data), and the East Kutai Police have upheld Ridlatama and Churchill's mining rights in relation to the EKCP Licences;

t During the Administrative Tribunal the Ministry of Energy and Mineral Resources' Head of Legal and Legislative Affairs gave expert testimony that the ministry continued to regard the EKCP partners' licenses as legally valid and enforceable, as no cancellation decree has ever been lodged with the ministry as is required by administrative protocol.

Next Steps

Though disappointed by the Administrative Tribunal's decision, Ridlatama and Churchill remain committed to remedying this unfortunate situation and will perform a serious and exhaustive evaluation of legal options.

The Administrative Tribunal has only concluded in the last couple of hours, and there is currently only a verbal report from the Company's counsel available. The Tribunal is expected to make available a written report of its findings in the coming weeks, and the Company will make a further announcement once the Board has reviewed this report in conjunction with its lawyers.

Restoration of trading on AIM in the Company's shares will take place at 15:00 today.

END

For further information, please contact:

No need to panic,we've got theg reat man himself on the case. lol



sherlock holmes - 3 Mar'11 - 16:44 - 6026 of 6031


Down 41k today so just doubled up around 27p.... I feel this will get sorted quite soon. Remember we have around $30m in the bank with at least 3 companies extremely keen on developing this asset. Lots of monkey business in the background that was created from greed imo from underhand practices. Part of the license was granted subject to investing $1bn which Churchill are trying to secure. Why on earth would the licenses be invalid having floated the company in London. If there was any unsubstantive evidence from the licenses the nomad and the fsa would have know about it by now......all simply a corruptive event soon to be rectified.

You could say : Churchill is a dog.....funny that....but hope you lot got out before this dropped like a stone....I think EK has shorted this....he'll have made a packet on this one......I made a small profit when it was in the 120p's....now 20's.....ouch !.....reminds me of my DES disaster....

http://en.comunitatvalenciana.com/webcam/benidorm-quality-tourism-benidorm-benidorm-levante-beach-2
RF i also solf some at 121p,mabe s small los overall but even losing myr potential profit.
Although trying to keep a brave face it feels like a loss.

Well back in profit now,although a lot less than it was.

http://www.monmouthshirebowlingassociation.co.uk/index.php?page=Leagues&id=eccbc87e4b5ce2fe28308fd9f2a7baf3< http://www.iii.co.uk/tv/episode/gulf-keystone-and-genel-kurdistan%E2%80%99s-big-winners

Churchill Mining reported yesterday that the State Administrative Tribunal in Samarinda, East Kalimantan, ruled against it and its Indonesian partners, the Ridlatama Group, in regard to an attempt to cancel the East Kutai Coal Project (EKCP) licence.

Decision is not final and binding as a matter of law until all appeal avenues have been exhausted and management is considering all options including appeals to the State Administrative Tribunal in Jakarta.

In 2010, the East Kutai Regent was purported to have cancelled the four EKCP mining licences after receiving reports alleging that Churchill and its partners carried out mining activities leading to the damage of forestry areas. Churchill initiated to the tribunal in September 2010 in order to have the original cancellations officially expunged.

Churchill said that at no time during the process has it considered the licences cancelled or invalid and neither it nor its partners have done any mining at the project site.

The written report of the findings is expected to be available in the coming weeks and Churchill will make a further announcement once the board has reviewed the report.

Can't expect any bids for this project as long as a dispute exists between CHL and the Indonesian Authorities. Does CHL have any value apart from the disputed licences?

if i was back to b/e or a small profit, i'ld bank it in a hurry!

http://www.youtube.com/watch?v=wyNviteSOzY&NR=1&feature=endscreen

http://www.proactiveinvestors.co.uk/companies/news/26319/churchill-chairman-says-east-kutai-licences-remain-valid-at-this-point-in-time-26319.html

oh dear oh dear oh dear ...... what naughty little boys they are!


Churchill Mining's shares were down sharply in mid-afternoon trading after the firm revealed that two letters rejecting permit applications which had been sent last year had only recently come to light.

Churchill (LON:CHL) is carrying out a thorough audit of its Jakarta offices and the board seeks to gain assurance that there are no further documents of significance of which it is unaware.

Mining Sector: Churchill shares soar after if asks Indonesia to resolve East Kutai dispute


Churchill Mining's (LON:CHL) shares soared after it asked Indonesian government officials to help resolve the investment dispute over the East Kutai coal project.

The company has filed a formal letter to the republic of Indonesia seeking cooperation to achieve "an amicable and commercial resolution" to the dispute.

The letter highlights that following a significant investment in coal exploration in Indonesia, Churchill identified a world class thermal coal deposit at East Kutai, only to be subjected to a sustained campaign designed to expropriate its legitimate rights to develop this deposit.

Churchill believes that the actions of various Indonesian parties, both government and private, are in direct breach of both Indonesia's investment laws and its obligations under a number of international investment treaties.

Don't think its too clever pointing the finger at the Indonesian authorities, better to settle the dispute by negotiation "behind the scenes".

http://www.youtube.com/watch?NR=1&v=Riyv5http://www.efinancialnews.com/assetmanagement?mod=mainnav6pixOk&feature=endscreen

http:http://www.efinancialnews.com/assetmanagement?mod=mainnav//www.halpertconstruction.com/category/building-foundation/

< http://www.efinancialnews.com/assetmanagement?mod=mahttp://www.efinancialnews.com/assetmanagement?mod=mainnavinnavhttp://www.efinancialnews.com/assetmanagement?mod=mainnav

Going well today. :-))

A nice days work sold and out. :-))