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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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Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Pipit Mutiara Jaya. PT, Indonesia
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- Parliament of New Zealand
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- Petron Corporation, Philippines
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- Australian Coal Association
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
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- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
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- Ministry of Finance - Indonesia
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- Indonesian Coal Mining Association
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- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
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- Metalloyd Limited - United Kingdom
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- Bayan Resources Tbk. - Indonesia
- Coalindo Energy - Indonesia
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- Meralco Power Generation, Philippines
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- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- The University of Queensland
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
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