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

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

Quite a drop in the SP, most surprised with no idea why?

cyril

Looks like trying to shake some out cyril, but came back with some buying

Seen these tricks before, good news maybe not far away

Annual report out,some extracts from it.

At the time of writing the EKCP had a JORC compliant resource of 1.4 billion tonnes. However, infill drilling, along with airborne topographical surveys are expected to lift and improve the categorisation of much of this resource. It will also allow Churchill to publish its maiden mining reserve soon and it is expected this reserve number will be substantially ahead of management's initial 100 million tonne target

Given the drilling successes being achieved, Churchill moved to employ specialist engineering group PT Trans Tek Engineering (who are experienced in the Indonesian mining environment) to work with our internal team and begin mine design scoping work. A fillip to this has been a Heads of Agreement signed with renowned contractor Leighton.




The scoping work has and continues to look at variables such as mining parameters, potential haulage, and conveying routes, optimum production tonnages, port stockpile and handling facilities and power options.



Given the super-size scale of the EKCP project, Churchill has recognised the need for the introduction of one or more large partnering group/s to advance the project. Your company has consequently been actively engaging coal and energy-related groups with large balance sheets to examine potential entry points into this world-class enterprise.


To date our focus has been very much consumed by EKCP, however, Churchill's second Indonesian project - the Sendawar Coal Bed Methane Project - continues to be of interest given the increasing cost of energy inputs. The area sits in a coal basin with potential to host 5 trillion cubic feet of gas.

cyril

Annual report out,some extracts from it.

At the time of writing the EKCP had a JORC compliant resource of 1.4 billion tonnes. However, infill drilling, along with airborne topographical surveys are expected to lift and improve the categorisation of much of this resource. It will also allow Churchill to publish its maiden mining reserve soon and it is expected this reserve number will be substantially ahead of management's initial 100 million tonne target

Given the drilling successes being achieved, Churchill moved to employ specialist engineering group PT Trans Tek Engineering (who are experienced in the Indonesian mining environment) to work with our internal team and begin mine design scoping work. A fillip to this has been a Heads of Agreement signed with renowned contractor Leighton.




The scoping work has and continues to look at variables such as mining parameters, potential haulage, and conveying routes, optimum production tonnages, port stockpile and handling facilities and power options.



Given the super-size scale of the EKCP project, Churchill has recognised the need for the introduction of one or more large partnering group/s to advance the project. Your company has consequently been actively engaging coal and energy-related groups with large balance sheets to examine potential entry points into this world-class enterprise.


To date our focus has been very much consumed by EKCP, however, Churchill's second Indonesian project - the Sendawar Coal Bed Methane Project - continues to be of interest given the increasing cost of energy inputs. The area sits in a coal basin with potential to host 5 trillion cubic feet of gas.

cyril

That is why sp is falling...


Churchill Mining interim losses rise
MoneyAM


Churchill Mining posts an interim operating loss of $7.9m - up from $1m in 2007.

Losses attributable to equity shareholders for the six months to the end of December total $13.8m - up from $1.9m last time - and the firm had cash and cash equivalents of $8.3m compared with $19.9m previously.

Churchill said the East Kutai Coal Project in Kalimantan about 110km north of Sangatta is a discovery of world-class size.

Churchill acquired a 75% stake in the project during 2007 and since then has been aggressively drilling the area for sub-bituminous thermal coal.

Churchill said it been hit by the global credit crisis and the corresponding downturn in commodities prices and particularly the value of the pound sterling but remains optimistic about coal and its future in the mid-term.

Yes quite a high cash burn, but not to worried L/Term as proving up resources is an expensive business. Short term we might see a drop in the SP which in turn will
give a buying opportunity, with reserve update in the not to distant future being
discribed has "substantial" any pull back imv will make this a golden chance?
With at present a M/Cap of just 22.3m and cash from report of 6m our 100m/tonnes is valued at $0.22 a ton, simply rediculous and with an update somewhere whats expected $0.1/tonne. All that and a CBM with 5trillion cfgas,
makes this one very cheap company?
aimho
cyril