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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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Saturday, 17 March 12
THE FREIGHT RATES FOR INDONESIA TO INDIA REMAINED FIRM - VISTAAR SINGAPORE
COALspot.com - The market continued to be firm and all segments were up except for Cape Index which was down by 2.46 pct closing at 1,466 points.
...
Saturday, 17 March 12
INDIAN GOVT FINALIZES DRAFT BILL FOR COAL REGULATOR - PTI
The coal sector would soon get a regulator as the government has finalised a draft bill for the purpose, Coal Minister Sriprakash Jaiswal said Wedne ...
Friday, 16 March 12
THE PACIFIC MARKET IS FIRMING UP - FEARNLEYS AS
Handy
A slightly positive trend was seen last week in the Atlantic. Skaw-Passero deliveries fixed around USD 3k to US Gulf, while US Gulf deliveres ...
Thursday, 15 March 12
RAINS AVERAGE SELLING PRICE OF COAL WENT UP BY 22 % IN 2011
COALspot.com - PT. Resource Alam Indonesia Tbk, an Indonesian CCoW (3rd Generation) holder reported Wednesday a 171 percent increase in net profits ...
Thursday, 15 March 12
RESOURCE ALAM FY11 PROFIT UP 171% - INSIDER STORIES
Insider Stories reported that, coal mining company PT Resource Alam Indonesia Tbk (KKGI) reported a 171.16% jump in net profit last year on the back ...
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- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Gujarat Mineral Development Corp Ltd - India
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- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
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- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
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- GMR Energy Limited - India
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- Kideco Jaya Agung - Indonesia
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- The State Trading Corporation of India Ltd
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- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
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- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
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- White Energy Company Limited
- London Commodity Brokers - England
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- New Zealand Coal & Carbon
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- Coal and Oil Company - UAE
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- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
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- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
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- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
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- Indian Oil Corporation Limited
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- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
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- South Luzon Thermal Energy Corporation
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- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- The University of Queensland
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
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- Agrawal Coal Company - India
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
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- Pipit Mutiara Jaya. PT, Indonesia
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- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Minerals Council of Australia
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- Dalmia Cement Bharat India
- Posco Energy - South Korea
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- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
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