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CHL - Churchill Mining News Story

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Last Trade - 05/12/16

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1827

Churchill Appeals Administrative Tribunal Decision

Thu 10th March, 2011 7:42am
RNS Number : 6885C
Churchill Mining plc
10 March 2011
 



 

CHURCHILL MINING PLC

 

("Churchill" or "the Company")

 

Churchill Appeals Administrative Tribunal Decision

 

 

Churchill Mining ("the Company") announces that it has appealed against the decision of the Administrative Tribunal in Samarinda, East Kalimantan, read out on 3 March 2011, relating to the revocation of the four mining licences that comprise the East Kutai Coal Project ("EKCP").

 

Notice of Appeal

 

Under Indonesian law, a notice of appeal against a decision of the Administrative Tribunal is to be filed within 14 calendar days from the date of the decision. The appeal notice against the decision of the Administrative Tribunal was lodged on 9 March 2011 with the Administrative Tribunal in Samarinda, East Kalimantan by lawyers acting for the licence holders. The appeal will be heard by the Administrative High Court in Jakarta. It may take several months after the lodgement of the notice of appeal, before the Administrative High Court in Jakarta would issue its notification to the parties, which marks the beginning of the formal appeal process.

 

The decision of the Administrative Tribunal on 3 March 2011 relating to the revocation of the EKCP mining licenses was delivered verbally.  It is expected that the full written ruling will be issued in approximately two weeks, at which time the Company will be able to review it for the purpose of preparing and filing the memorandum of appeal, containing the arguments that the Company will put forward to the Administrative High Court.

 

The Company's current cash at bank is US$12.2 million.

 

The Company will make further updates on the appeal process as and when appropriate.

                                                                                            

 

For further information, please contact:

 

Churchill Mining Plc

Managing Director - Paul G. Mazak

+62 81510539186 /

+ 62 21 39832398

+ 61 8 6382 3737

paul.mazak@churchillmining.com 

 

Northland Capital Partners Limited

Shane Gallwey / Luke Cairns

 

+44(0)20 7492 4750

 

 

Tavistock PR

Paul Youens /

Jos Simson

 

+44(0)20 7920 3150

pyouens@tavistock.co.uk

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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