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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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Wednesday, 18 April 12
INDONESIA TO INTRODUCE EXPORT DUTY ON MINERAL ORES BY 6 MAY 2012
The Indonesian government is scheduled to issue regulation on export duty for minerals before May 6, 2012.
According to Bisnis Indonesia, as quot ...
Sunday, 15 April 12
THE SPOT FIXTURE RATES FOR SUPRAMAX IN SE ASIA SAW SOME SOFTENING OF CHARTER RATES - VISTAAR
COALspot.com - The market seem to be holding and except for Supramax and handy size index all other index was up with BDI up by 4.74 pct closing at ...
Friday, 13 April 12
MINERS OPPOSE GOVTS EXPORT TAX PLAN - THE JAKARTA POST
The Jakarta Post reported that, Indonesian mining companies have strongly protested the government’s plan to impose a 25 percent export tax on ...
Friday, 13 April 12
S&P CAUTIONS AGAINST NEW INDONESIAN MINING REGULATIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, Investors may have expressed concerns about looming new mining regulations, but ratings agency Standard & Poor& ...
Thursday, 12 April 12
FIRST QUARTER OF 2012 SAW AN ADDITIONAL 24.2 MILLION DWT OF DRY BULK CARRIERS ENTERING THE FLEET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The inflow of newbuilt dry bulk vessels was larger than expected in the first quarter of 2012. As much as 24.2 million DWT were added to the fleet. ...
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- Deloitte Consulting - India
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- White Energy Company Limited
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
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- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
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- Latin American Coal - Colombia
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- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
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- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
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- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
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- Gujarat Sidhee Cement - India
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- Chamber of Mines of South Africa
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- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
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- Globalindo Alam Lestari - Indonesia
- The University of Queensland
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- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
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- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
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- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
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- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
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- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
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- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
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- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
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- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
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- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Billiton Holdings Pty Ltd - Australia
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- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
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