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CHL - Churchill Mining News Story

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Last Trade - 05/12/16

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Energy
Size
Micro Cap
Market Cap £n/a
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Position in Universe th / 1824

Churchill Mining plc Appointment of CFO & formation of Advisory Board

Wed 12th May, 2010 7:00am
TIDMCHL

RNS Number : 7489L
Churchill Mining plc
12 May 2010

?
12 May 2010
AIM: CHL


Churchill Mining Plc
('Churchill Mining' or the 'Company')

Appoints CFO and Forms Prestigious Indonesian Advisory Board

Churchill Mining Plc is pleased to announce the appointment of Mr. Paul Graus to
the Company as Chief Financial Officer. The Company has also formed an
Indonesian Advisory Board to guide Churchill in Indonesia as it achieves its
goal of becoming a major coal producer.

Appointment of CFO:

Mr. Graus has over 30 years accounting experience with nearly 20 years in the
global mining industry, including a number of years in the Indonesian mining
sector focussed on coal and tin.

Mr. Graus has extensive knowledge of the Indonesian coal mining industry, having
acted as an Advisor to the Board of Directors of PT Tambang Batubara Bukit Asam,
one of the largest Indonesian coal mining companies, where he assisted
management with the financial and corporate restructuring of the business to
maximise the value of the company for shareholders.

Before joining PT Tambang Batubara Bukit Asam, Mr. Graus acted as a senior
advisor to the Board of PT Tambang Timah TBK, one of the world's largest tin
mining companies, where he was involved in all aspects of the company's
management with a core focus on financial management and preparation for its
listing on the London Stock Exchange.

Most recently, Mr. Graus was Group Finance Manager for First Quantum Minerals
Ltd, an international metals and mining company listed on the TSX and London
Stock Exchange with a market capitalisation in excess of C$7 billion, where he
managed the groups' project accounting functions to support the rapid expansion
and development of the group's assets towards production.

Prior to his career in the mining industry, Mr. Graus worked for a number of
leading Chartered Accountancy firms, including Price Waterhouse Urwick, Nelson
Wheeler, Hendry Rae & Court and Bird Cameron Associates.

Formation of Advisory Board:

In support of Churchill's continued development into becoming a major Indonesian
coal producer, Churchill has formed a prestigious Indonesian Advisory Board with
extensive experience in high level government positions in Indonesia. The
Indonesian Advisory Board will provide Churchill with high level strategic
counsel focused on steering the Company successfully through the process of
becoming a major Indonesian coal producer and providing increased access to all
levels of industry and government.

Dr. Alwi Shihab has been appointed Chairman of the Indonesian Advisory Board.
Currently Dr. Shihab is the Indonesian President's Special Envoy to the Middle
East and has had an illustrious career in the Indonesian government, having
previously held the position of Foreign Minister, as well as extensive
experience in the areas of industry and commerce, having founded a number of
companies and having held numerous board positions. Dr Shihab also served as a
fellow and visiting professor at Harvard University in 1998.

Mr. Suhanjono has also been appointed to the Indonesian Advisory Board and
brings with him significant experience in Indonesian law and international law.
He was previously Attorney General of Indonesia and has spent over 40 years in
various legal capacities with the Government of Indonesia. His knowledge of the
legal framework is unrivalled and his network at all levels is extensive.

Mr. Faroek Basrewan, currently a Director of Churchill, has been appointed
Secretary of the Advisory Board. Mr. Basrewan has considerable experience in
government having held the positions of Special Aid to the former President of
Indonesia, H. Abdurachman Wahid, Special Staff to the Ministry of Defence and
Security and currently special staff of Dr. Shihab. In addition to the Board of
Churchill, he is also President Director of PT. Era Baru Sejahtera and a
Commissioner at Glendale Partners, an investment and management consultancy.

Paul Mazak, CEO of Churchill Mining, commented:

"We are extremely pleased with both the appointment of our new CFO and the
creation of Churchill's Indonesian Advisory Board. We have been successful in
drawing individuals of an extremely high calibre together to form a world-class
team with the right mix of technical, corporate and government experience needed
to develop the world-class East Kutai Coal Project. We continue to be well
placed to accelerate our development programme and create value for our
shareholders."

For further information, please contact:
+--------------------------------+----------------+----------------------+
| Churchill Mining Plc | Astaire | Pelham Bell |
| Managing Director - Paul | Securities | Pottinger |
| G. Mazak | Shane Gallwey | James MacFarlane / |
| +62 81510539186 / | / | Charles Vivian |
| +62 21 39832398 | Toby Gibbs | +44 (0) 20 7337 1533 |
| +61 8 6382 3737 | +44(0)20 7448 | or |
| paul.mazak@churchillmining.com | 4400 | +44 (0) 7894462114 |
| | | |
| | | |
+--------------------------------+----------------+----------------------+
END

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

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