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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 / 1826

Churchill Mining plc Appointment of Advisors

Thu 10th December, 2009 12:41pm
TIDMCHL

RNS Number : 9218D
Churchill Mining plc
10 December 2009

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10 December 2009 CHL: AIM




CHURCHILL MINING PLC
("Churchill" or "the Company")




CHURCHILL APPOINTS PALA INVESTMENTS & PRICEWATERHOUSECOOPERS INDONESIA AS
ADVISORS


Churchill Mining PLC (AIM: CHL), the Indonesian-focused coal mining Company, is
pleased to announce the appointment of Pala Investments AG ("Pala") as a
strategic advisor. Pala will assess the Company's current structure with a view
towards increasing Churchill's operational and capital-raising flexibility.


Pala is a multi-strategy investment advisory Company focused on the mining and
natural resources sector. Pala offers strategic advice and guidance, corporate
structuring assistance and innovative financial solutions to assist client
companies in meeting their operational and financial requirements. With its team
of professional mining and financial experts, Pala works with partner companies
to unlock maximum shareholder value.


In addition to appointing Pala, Churchill, through its wholly owned Indonesian
subsidiary, PT Indonesia Coal Development, has engaged PricewaterhouseCoopers
Indonesia ("PwC") to assist with assessing certain aspects of the Company's
current structure from a tax and financial perspective, including the impact of
the implementation of the new Mining Law in Indonesia.


Churchill Mining's CEO Paul Mazak commented:


"We are pleased to have selected Pala as an advisor to Churchill as the Company
enters the next phase of its life cycle. To date, Pala has been a tremendous
supporter of the Company's development efforts including the recently
announced milestone of the initial reserve statement, at just under a billion
tonnes, at the world-class East Kutai Coal Project ("EKCP").


With the addition of Pala & PwC as advisors, the Company has assembled an expert
team to continue its growth and the further development of the EKCP as it moves
from a defined reserve to a producing asset."





END




For further information, please contact:
+--------------------------------+------------------+------------------------+
| Churchill Mining Plc | Astaire | Pelham PR |
| Managing Director - Paul G. | Securities | James MacFarlane / |
| Mazak | Shane Gallwey / | Charles Vivian |
| +62 81510539186 / | Toby Gibbs | +44 (0) 20 7337 1500 |
| + 62 21 39832398 | | or |
| +61 8 6382 3737 | +44(0)20 7448 | +44 (0) 7841 672 831 |
| paul.mazak@churchillmining.com | 4400 | |
| | | |
+--------------------------------+------------------+------------------------+



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

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