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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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Monday, 28 May 12
COAL EXPORTS ARE JUMPING HIGHER, BUT PRICES ARE FALLING LOWER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31.86* million tons of coal in April 2012, compared to 30.64* million tons i ...
Sunday, 27 May 12
THE FREIGHT MARKET FROM INDONESIA TO INDIA WAS WEAK - VISTAAR
COALspot.com - The BDI continued to fall for the fourth straight week and the BDI fell by 9.38 pct this week closing at 1,034 points.
The Cape Si ...
Sunday, 27 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS HEADING TO SOUTH DIRECTION
COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for July deliveries have dropped this week by 5.43 percent an ...
Saturday, 26 May 12
DRY BULK SHIP OWNERS LOOKING TO CUT BACK ON TONNAGE SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of dry bulk carriers has been the most prominent problem in the market today, pushing down rates and ‘strangling’ profita ...
Thursday, 24 May 12
DRY BULK MARKET RETREATS ON LACK OF CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated yesterday on the back of lower Chinese demand for commodities such as coal and iron ore, typically hauled by dry bulk ...
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Showing 4716 to 4720 news of total 6871 |
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- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
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- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
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- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
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- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
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- Star Paper Mills Limited - India
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- The University of Queensland
- Global Green Power PLC Corporation, Philippines
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- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- VISA Power Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
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- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
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- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
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- Antam Resourcindo - Indonesia
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- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
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