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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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Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
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- Australian Coal Association
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- Bulk Trading Sa - Switzerland
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- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Bhatia International Limited - India
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- Ministry of Transport, Egypt
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- Heidelberg Cement - Germany
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- IEA Clean Coal Centre - UK
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- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
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- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
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- GMR Energy Limited - India
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- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
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- Jaiprakash Power Ventures ltd
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- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
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- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
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- Neyveli Lignite Corporation Ltd, - India
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- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
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- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
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- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
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- Barasentosa Lestari - Indonesia
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- Standard Chartered Bank - UAE
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- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
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- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
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- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
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- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
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- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
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- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
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