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Wednesday, 04 April 12
CHURCHILL MINING TO ACCELERATE INTERNATIONAL ARBITRATION AGAINST INDONESIA
 Churchill Mining plc (AIM: CHL), advises that notations on the Indonesian Supreme Court's register of cases shows the Supreme Court has rejected the appeal by Churchill/Ridlatama, according to a statement posted on company's website.
The statement further said,
1. The notations only provide an indication as to what the Supreme Court's decision will be and are not the same as the Supreme Court handing down its decision.
2. Until the Supreme Court hands down its decision there is no binding and enforceable judgment. The 'handing down' is when the Supreme Court provides its written judgment. The Company does not know when this will happen.
The appeal was launched to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan in relation to the revocation of the four mining licenses that comprise the East Kutai Coal Project (Churchill 75% interest).
Churchill Mining’s Chairman, David Quinlivan commented, “It’s disappointing to see this notation on the case register. We are determined to continue to seek a legitimate remedy for our shareholders and protect our rights as a foreign investor in Indonesia.”
When further information is available, the Company will provide an update on the Supreme Court's decision and, as appropriate, its steps in relation to the Civil Review of that decision, the statement further said.
International Arbitration under the United Kingdom - Indonesia Bilateral Investment Treaty
Churchill will now look to accelerate the filing of its claim at the International Centre for Settlement of Investment Disputes in Washington D.C. against the Republic of Indonesia. The Company has not received any response to its formal letter sent 22 November, 2011 to the Republic of Indonesia seeking an amicable and commercial resolution.
The letter highlighted that following a significant investment in exploration, Churchill identified a world class thermal coal deposit in East Kalimantan, only to be subjected to a sustained campaign designed to expropriate Churchill’s legitimate rights to develop this deposit.
The Company will now move its attention to preparing and filing a claim against the Republic of Indonesia for direct breaches of Indonesia’s investment laws and Indonesia’s obligations under international investment treaties.
The Company’s solicitors are already well advanced in the claim preparation and expect to file the Request for Arbitration shortly.
Source:Churchill Mining
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Friday, 01 June 12
COKAL ACCEPTED ON THE CLEAN AND CLEAR LIST FOR ITS BORNEO BARA PRIMA AND BUMI BARITO MINERAL PROJECTS
- Borneo Bara Prima (BBP) Project confirmed on the Clean and Clear List 9th May 2012
- Bumi Barito Mineral (BBM) Project confirmed on the Clean and ...
Friday, 01 June 12
ADARO BUYS MAJORITY STAKE IN AFFILIATED BHAKTI ENERGI - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk entered into an option to provide a convertible loan of up to US$500 million for a period of 3 ye ...
Thursday, 31 May 12
DRY BULK MARKET UNABLE TO FIND NEW SUPPORT TO REACH HIGHER LEVELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been unable to find new support and recover to higher levels during these past few days. As a result, the Baltic Dry Index ( ...
Wednesday, 30 May 12
ORPHEUS RAISES $2.24M TO ADVANCE INDONESIAN COAL PRODUCTION ASSETS
• $2.24 million raised from a placement to new and existing institutional and sophisticated investors from Australia and overseas
• Funds ...
Wednesday, 30 May 12
ARPENI SECURES TRANSSHIPMENT CONTRACT FROM BARUNA DIRGA
Insider Stories reported that, shipping operator PT Arpeni Pratama Ocean Line Tbk (APOL) has secured a 1-year coal transhipment contract of 4 millio ...
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- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
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