Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Churchill Mining (CHL)     

share trader - 30 Jan 2008 10:03

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

niceonecyril - 03 Mar 2011 17:08 - 197 of 214

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:



niceonecyril - 03 Mar 2011 17:17 - 198 of 214

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.

required field - 04 Mar 2011 10:22 - 199 of 214

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....

niceonecyril - 04 Mar 2011 14:04 - 200 of 214

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.

HARRYCAT - 08 Mar 2011 17:07 - 202 of 214

Chart.aspx?Provider=EODIntra&Code=CHL&Si

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.

halifax - 08 Mar 2011 17:40 - 203 of 214

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?

cynic - 08 Mar 2011 17:41 - 204 of 214

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

cynic - 05 Apr 2011 17:13 - 206 of 214

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.

hlyeo98 - 05 Dec 2011 09:12 - 207 of 214

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.

halifax - 05 Dec 2011 13:54 - 208 of 214

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

dreamcatcher - 18 Apr 2012 12:29 - 210 of 214

Going well today. :-))

dreamcatcher - 18 Apr 2012 12:31 - 211 of 214


Chart.aspx?Provider=Intra&Code=CHL&Size=

dreamcatcher - 18 Apr 2012 14:37 - 212 of 214

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

niceonecyril - 27 Dec 2013 11:18 - 213 of 214



27 December 2013



CHL: AIM



CHURCHILL MINING PLC

("Churchill" or "the Company")



Timing of Jurisdiction decision in the international arbitration claim against the Republic of Indonesia

The Directors of Churchill Mining PLC (AIM: CHL) wish to provide an update on the expected timing of the decision or awards on the Republic of Indonesia's ("ROI") challenge to the arbitral tribunal's jurisdiction to hear claims for damages against ROI raised by Churchill and its wholly owned subsidiary Planet Mining Pty Ltd ("Planet") under the auspices of the International Centre for Settlement of Investment Disputes ("ICSID").

The Tribunal anticipates issuing its decision or awards on ROI's challenge to jurisdiction in late January or early February 2014.

Churchill will provide an update when the decision is received.

Bullshare - 25 Nov 2015 13:56 - 214 of 214

Shares Investor Evenings showcase up to four presentations from leading companies bringing them together in one room for one evening only.

Directors present their latest plans regarding development and growthAn opportunity to talk directly to the companies and personally put forward your questionsThe chance to network with other attendees over drinks and canapés - private investors, wealth managers, private client brokers, fund managers and financial institutions
Who Should Attend?

The evening exposes investors to companies across various sectors. Perfect for existing investors as well as those looking for new investment opportunities.

Date:

Tuesday 1st December 2015

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:
17.45 
Registration and coffee
18.15 
Presentations
• Tony Manini, Director, CEO & Deputy Chairman - Asiamet Resources (ARS)
• Mark Learmonth, CFO & Director - Caledonia Mining Corporation (CMCL)
• David Quinlivan, Non Executive Chairman - Churchill Mining (CHL)
• Nicholas Smith, MD - Churchill Mining (CHL)
• Glen Parsons, CEO - Mariana Resources (MARL)
• Cameron Parry, CEO & Executive Director - Metal Tiger (MTR)
20.45 
Drinks reception and canapés
21.45 
Close
Attendance is free, but spaces are limited. Register now to secure your place!
Asiamet Resources (ARS)
Asiamet Resources (ARS) 

Asiamet Resources Limited (formerly Kalimantan Gold Corporation Limited) ("ARS") is an AIM and TSX-V listed mining junior, focused on exploring its copper and gold prospects in Kalimantan and Sumatra, Indonesia.In Central Kalimantan, the company has drilled more than 35,000 metres at its KSK copper project, uncovering the potential for a world class deposit.In Aceh, on the island of Sumatra Indonesia, the Beutong mineral resource is located within the Beutong IUP. Beutong's Mineral Resource on a 100% basis comprises: as announced January 14, 2015.

In East Kalimantan, its Jelai gold prospect has the potential to yield a major epithermal deposit.ARS actively supports the Yayasan Tambuhak Sinta (YTS) Foundation which has an outstanding track record in community and social projects close to the exploration areas.
Caledonia Mining Corporation (CMCL)
Caledonia Mining Corporation (CMCL) 

Caledonia is an exploration, development and mining company focused on Southern Africa. Caledonia's primary asset is a 49% interest in the Blanket Mine in Zimbabwe which produced over 45,500 ounces of gold in 2013 at a cash cost of US$613/oz.Caledonia has a strong, experienced management team and Board of Directors with diverse expertise in gold production, exploration, mine development, finance and marketing.

Churchill Mining (CHL)
Churchill Mining (CHL) 

Churchill Mining Plc listed on the Alternative Investment Market (AIM) of the London Stock Exchange in April 2005. Churchill’s growth path accelerated following the discovery of a world-class thermal coal deposit in the East Kutai Regency of Kalimantan (“EKCP”), Indonesia following an intensive and targeted exploration program.

Mariana Resources (MARL)
Mariana Resources (MARL) 

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects. Mariana’s portfolio covers some prospective districts in Peru and Santa Cruz Province, Argentina. In Peru, the Company is exploring for porphyry-hosted gold/copper at the Condor del Oro property under an option deal. In Santa Cruz, key epithermal gold-silver projects, all 100% owned, are Las Calandrias (resource stage), Sierra Blanca (numerous drill intercepts), Los Cisnes (drill target definition) and Bozal (drill target definition).

Metal Tiger (MTR)
Metal Tiger (MTR) 

Metal Tiger's mission is to deliver a high return for shareholders by investing in significantly undervalued and/or highly prospective opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.

Sponsored by:
AJ Bell Youinvest
Register now or login to post to this thread.