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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, 18 May 12
EXPORT TAX WILL ERODE PROFITS, INDONESIAN COAL EXEC COMPLAINS - THE JAKARTA GLOBE
The Jakarta Globe reported that, A 20 percent export duty the government has imposed on 14 mineral ore products will not only take a toll on mining ...
Friday, 18 May 12
KOREA EAST WEST POWER LOOKING FOR TOTAL 2.6 MILLION TONS OF 4600 NAR COAL AT FIXED PRICE FOR 5 YEARS
COALspot.com - Korea East West Power Co., Ltd is inviting bids to supply of 520,000 Metric Tons (per annum) of minimum 4,600 kcal/kg coal of N ...
Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy
The market remained variable.
Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...
Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...
Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...
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- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Australian Coal Association
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Petron Corporation, Philippines
- Posco Energy - South Korea
- GMR Energy Limited - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- TeaM Sual Corporation - Philippines
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
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