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

UPDATE ON FAST-TRACK TO PRODUCTION

New transport solution for Fast-Track production identified which may considerably decrease Capex requirements.

Increase in initial tonnage target in first year up to 3 Mt and second year up to 5 Mt.

Coal upgrading has potential to lift operational pre-tax profit by US$31 per tonne.

Churchill Mining Plc, (AIM:CHL) the Indonesia focused mining company with a JORC resource of 1.4 billion tonnes of thermal coal at its East Kutai Coal Project ('EKCP'), is pleased to announce significant progress on the transport options it is finalising in order to Fast-Track the project to production in Q4 2009.

New independent studies verified by the Company have concluded that a combination of road and river barge transport is now possible and should be the most capital cost-effective and quickest initial access method to transport the coal from site for the Fast-Track production scenario.

The new studies involved Side Scan Sonar, LIDAR aerial survey and a condition survey of the river. This concluded that access to the Senyiur River, which is a tributary of the Mahakam River south of the EKCP, can be used to transport the coal down to the Mahakam River for transhipment and onto multi-user coal ports at the coast. This access route was previously thought to be restricted. The newly surveyed Senyiur River route could enable shipping of up to 7 Mtpa of coal, starting with delivery of up to 3 Mtpa, which is the increased target for the first full year of production.

Currently, a new multi-user coal barge port is being built on the Senyiur River by a third party. Churchill management is in discussions with the company constructing this river barge port to gain access to the facility, which would result in a significant reduction in capital expenditure for Churchill. The Company is also in discussions with the owners of current and proposed multi-user coal ports on the coast, which if access is gained, will also add significant further reductions to Churchill's project capital costs.

The Company continues its detailed work on a number of options for the 20 mtpa Full-Production scenario, to transport the coal to a new dedicated port, including a conveyor system.

Infill drilling continues on site and is on target to upgrade much of the 1.42 Bt of coal resource to 'mineable' by the end of 2008.

Churchill recently launched a review into coal treatment processes that have the potential to move the energy content of EKCP's thermal coal from the current range of kcal 4700 - 5600 ADB (Air Dried Basis) to over kcal 6000. This would enable the Company to achieve higher pricing terms for its thermal coal.

Churchill's examination of processes to upgrade the EKCP thermal coal has determined that the coal sale price assumptions in the Company's business model could be increased from US$50 per tonne to US$84 per tonne (in the current price environment) at an operational cost of US$3 per tonne.

Churchill Managing Director Paul Mazak commented:

'The various elements of the EKCP are fitting together in a way that should significantly increase the bottom line, especially by upgrading at least part of the coal production to achieve a higher value per tonne. Churchill's technical team is in the process of finalising their assessment of the available upgrading technologies and it is envisaged that at least one of these plants will be on-stream during the first year of production.
cyril

Pala buying more,now above 21%
cyril

I only wish i could buy more cyril to bring my average down a little, but funds tight at the moment

Pala look to be in a no loose situation, whatever their plan is

08 Dec
'Churchill' or 'the Company'

More than 500Mt of coal at low strip ratios shown by preliminary pit optimisation studies

Churchill Mining Plc, (AIM:CHL) the Indonesia focused mining company with a JORC resource of 1.4 billion tonnes of thermal coal at its East Kutai Coal Project ('EKCP'), is pleased to announce that studies it has undertaken as part of its fast-track to production, show that more than 500 million tonnes of the in-situ JORC compliant resource of 1.4 billion tonnes falls within a preliminary pit design at a stripping ratio of just 2.23:1. This calculation does not constitute a JORC mineable reserve. However, the results indicate the planned future operations will allow significant tonnages of the coal resource to fall within design pit shells with a low stripping ratio.

At this stage the pit design studies concentrate only on the northern half of the current target drilling area of the RTM block, with the southern section still being evaluated.

Whilst the studies are preliminary in nature, early mine-pit optimisation models show the following in-situ coal tonnages within the designed pit:

Stripping Ratio In-situ Tonnes

1.29 260 Mt

1.50 325 Mt

1.89 442 Mt

2.23 551 Mt

Churchill is encouraged by the steps emerging countries are making towards introducing new sources of coal fired power. China is bringing forward its country electrification programme and Indian companies such as National Thermal Power Corporation, are in the process of constructing another 25,000 MW of power. With India unable to fulfil its thermal coal supply domestically, Churchill is well placed to capitalise on the future demand from India and the Company continues its discussions with a number of Indian companies about off-take agreements.

Churchill's Managing Director, Paul Mazak, commented;

'We are now approximately 12 months off our first phase of production at the East Kutai Coal Project. With the current international coal price having come off, these low stripping ratios are of great positive significance to the economics of the project. By focusing initially on the coal available at low stripping ratios, we are expecting to significantly reduce our operating costs during the initial period of mining, which is especially important on large projects such as this one.'

From Thursday,

RNS Number : 5658J
Churchill Mining plc
04 December 2008



CHURCHILL MINING PLC

("Churchill Mining") or ("the Company")

HOLDINGS IN COMPANY

Churchill Mining (AIM:CHL) is pleased to announce that Indo Setubara Limited ("ISB") has
purchased 4,450,000 ordinary shares,
representing 6.62% of the Company. ISB notified Churchill Mining of the acquisition of shares
on 4 December 2008.

ISB, a company managed by Advaita Partners Limited ("Advaita"), is aiming to become a
preferred fuel supply partner for Indian power
producers. It has an interest in several coal concessions in Indonesia and Mozambique.
Advaita, an investment manager focussed on energy
sector, also has mandates for coal supply from several power companies setting up over 10 GW
of imported coal based power capacity in South
India.

Commenting on the investment, Paul Mazak, Managing Director of Churchill Mining, said:

"Churchill Mining welcomes the investment of ISB and looks forward to further developing
its relationship with the company. Such a
significant investment in Churchill Mining as it fast-tracks its East Kutai Coal Project to
production acknowledges the vote of confidence
that this investment in Churchill Mining represents."

And today Pala announced it had increased its holdings to 26.72%, up from
22.07% less than a fortnight ago.

Pinched this from another board,eit sums up imho the situation?

Now why would a company that has "mandates for coal supply from several power companies setting up over 10 GW of imported coal based power capacity in South
India" want to invest in Churchill?

I assume this is the same Advaita:

"Advaita Indian Energy Ventures Ltd. seeks to invest in companies and/or projects across the energy value chain. The company is focused on Power Generation, Transmission and Distribution; Power trading, Energy Equipment, Energy Related Services and Fuel Assets (Coal, Natural Gas, etc).

We intend to invest across all stages of the business cycle from Greenfield projects to mature businesses. We provide Venture, Growth, Buyout and Mezzanine Capital. We also invest in Public Markets and provide Asset Financings".

http://www.advaita-ventures.com/investmentobjective.html

Head office in Guernsey. Pala head office is in Jersey. Coincidence?

cyril

new article, click HERE

Cheers Andy.
cyril

Updated: 2008-12-19 08:48
Counter:201

The recent recovery of steel and cement industries is likely to help coal price to regain the momentum to rise despite of little change in the fundamentals of coal industry.

The 4-trillion financial aid of China's central government, most of which are invested in the construction of infrastructures, greatly boosted the production steel and cement industries in some parts of China.

According to the Society for Promotion of Industrial Economy of Tangshan, Hebei province, 28 percent of its iron and steel production capacity in the iron and steel city still halted production, a big decline from 58 percent in September and October, and over half of suspended production capacity has resumed operation.

Besides, the cement production also increased in some regions of China. Since the end of Nov., cement price in Shanghai, Jiangxi and Hubei provinces has seen a boom on account of growth in demand.

Since steel and cement are important downstream industries of coal, the production rise in these two sectors will no doubted boost up the demand for coal.

Meanwhile, the coal inventories at Qinhuangdao and Guangzhou Harbours have decreased from the peak of 9.23 million tons and 2.49 million tons to 7.7 million tons and 1.66 tons respectively, which would help balance the supply and demand in domestic coal market.

In addition, coke price increased slightly after sharp slide. For example, the price for secondary metallurgical coke surged by 100 yuan per ton on Dec. 15 from 1400 yuan per ton on Dec. 1.

A research report of China International Capital Corporation Ltd. also hold that the spot coal price is likely to rebound recently, which will be favourable for the coal price negotiation of 2009.

Li Chaolin, researcher with China Coal Market Network, predicted that coal price to be decided at the order meeting of 2009 may rise because price gap between the planned coal price and market coal price remains 10 percent at least.

cyril

http://www.moneyam.com/action/news/showArticle?id=3532660
cyril

Julian Emery, analyst at Ambrian, says: "This news (link up with Leighton) is positive for Churchill as it represents an alliance with the world's largest contract miner, which is vastly experienced in the coal mining industry and has a strong presence in Indonesia."

cyril

Deal agreed!

Click HERE

Andy comes up as Regal?
cyril

CHL making good progress, Pala increasing its share to 27.84% seems to have woken up investors to the value of this company?

cyril

niceonecyril,

rumours of a bid apparently, although i fear that it will fall short of what holders would wish for if mining commences, and they convert more resource to reserve.

Andy thier seems to be plenty of interest in the coal sector at present, GCM waking up, offers for PRL, CDN and now this which might give an idea of what CHL might be worth?

Xstrata rights issue and acquisition of Prodeco Thermal Coal business for $2bn from Glencore. (Glencore have call option to buy it back at $2.25bn)
so it looks like EV of $8/tonne
or $200 per tonne of current production


The Prodeco Business comprises Glencores Colombian high-grade thermal coal mining
operations and associated infrastructure. It consists of two open pit coal mining operations (the
Calenturitas and La Jagua complexes), export port facilities and a 39.8% share in a railway.
As at 1 September 2008 the Prodeco Business had a saleable reserve base in excess of 250 Mt.
The Prodeco Business is currently the third largest producer of export thermal coal in Colombia,
in 2008 producing 9 Mt of export thermal coal predominantly for the European and United
States power generation markets. It plans to increase export thermal coal production to 17 Mtpa
by 2013.
The consolidated gross assets of the Prodeco Business as at 31 October 2008 were $1,049
million and as at 31 December 2007 were $872 million. In the 10-month period ended 31
October 2008, the Prodeco Business recorded consolidated profit of $41 million and, in the 12
months ended 31 December 2007, the Prodeco Business recorded consolidated profit of $46
million. The Prodeco Business financial information presented above has been extracted without
material adjustment from the unaudited interim accounts prepared under IFRS as at and for the
10-month period ended 31 October 2008 and audited accounts prepared under IFRS as at and
for the 12 months ended 31 December 2007.

cyril

Been on my watchlist for a while, not yet in, what are the prospects for CHL or is the sp increase solely due to take-over rumours?

Andysmith try reading post 22 for a quick insight, well worth reading all the 50+ posts if your serious about investing?
cyril

4 February, 2009

CHURCHILL MINING PLC

('Churchill' or 'the Company')

Update on East Kutai Coal Project

Response to recent share price rally

Churchill Mining PLC (AIM:CHL), the Indonesia focused mining company with a JORC resource of 1.4 billion tonnes of thermal coal at its East Kutai Coal Project ('EKCP'), would like to provide an update on developments at EKCP in response to enquiries from shareholders and analysts regarding the recent rally in the Company's share price and other market speculation regarding financing.

JV and Financing Update

With regards to the finalisation of a joint venture or financing of Churchill's East Kutai Coal Project, the Company wishes to state the following:

1) Churchill has moved from general discussions to formal Confidentiality Agreements (CA's) and
due diligence with three well financed international companies wishing to invest or JV in a coal
project the size of the EKCP in Indonesia. Whilst the companies concerned are considering all
aspects of the project's coal production potential, the great appeal of Churchill's EKCP is the
possibility for large annual production over the longer term.

2) A full due diligence process is being carried out by the three companies. It comprises of legal,
engineering, geological and economic examination of the site by various consultants (including
consultants based in Indonesia) engaged by these companies. A number of alternative haulage
methods and routes to port are also being examined by each company to suit their needs.

3) Whilst, the due diligence exercises are progressing well, Churchill wishes to advise that no final
deal has been completed at this point and there can be no guarantee that a deal with any of
these companies will be reached.

Project Update

Recent adverse weather conditions and heavy rainfall in the Kalimantan area has delayed reserve drilling and laser surveying at the EKCP.

The reserve drilling target has been expanded to included smaller tonnages of higher calorific areas in the north east of the EKCP's main area. Subject to the weather improving, Churchill expects to complete reserve drilling in the next six weeks.

Not only does the Company expect the overall size of the JORC resource, currently sitting at 1.4 billion tonnes of thermal coal, to increase substantially, but also that reported reserves will be substantially ahead of the original 100Mt management expectations.

Churchill continues to examine the engineering design, costings and work on 'Fast Track' and 'Full Production' scenarios for the project.

In light of current coal prices, Churchill is also considering other development alternatives based upon the low stripping ratios of the project.

Further updates will be provided in due course.

ENDS

A very, very positive RNS.
cyril

Really surprised nobody seems to be interested, has risen an extra 10%+ since i last posted.
cyril

The Times

Churchill Mining gained 2p to 38p after the miner revealed that three companies were carrying out due diligence regarding investing or entering into a joint venture in its East Kutai coal project in Indonesia.

cyril

Not a good day for any news but full marks to the company for keeping us informed
Happy to hold



RNS Number : 3544O
Churchill Mining plc
05 March 2009



5 March, 2009




CHURCHILL MINING PLC

('Churchill' or 'the Company')




PROJECT UPDATE




Churchill Mining PLC (AIM:CHL), the Indonesia focused mining company with a JORC resource of 1.4 billion tonnes of thermal coal at its East Kutai Coal Project ('EKCP'), is pleased to provide an update on progress with haulage options and negotiations with potential project investors.




Haulage Options




As announced on 4 February 2009, three prospective investors have been carrying out full due diligence of the EKCP site. This process has also included studies of alternative haulage methods and routes to port.




Engineering teams are examining the preferred transport route which is a combination of haul road and conveyor system to the east of the project. Currently three surveys are being conducted around the project. A land survey of the eastern haul road and conveyor corridor, a land survey of the coastal port site and a hydrographic survey of the coastal port site.




The Regent of East Kutai has confirmed in writing his support for Churchill and its partners to develop the project and construct the haulage system and port. The Company is also pleased to confirm that The Regent has also instructed the Departments of Mining, Planning, Forestry and Environment to help Churchill and its partners to expedite the development of the East Kutai Coal Project.




Project and Financing Update




Following a delay due to adverse weather conditions, reserve drilling is expected to be completed in a fortnight. This will be followed by a laser aerial survey and the digging of a test pit and building of a coal stockpile for testing.




Negotiations are continuing with various prospective project finance investors, potential Joint-Venture partners and financiers. It is anticipated that the haulage methods will be tailored to fit the needs of the investor. Churchill wishes to advise that no final deal has been completed at this point and there can be no guarantee that a deal with any of these companies will be reached.




Further updates will be provided in due course.




ENDS