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CHL - Churchill Mining News Story

37.75p 0.0  0.0%

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 Project Update

Wed 24th February, 2010 7:01am
TIDMCHL

RNS Number : 5911H
Churchill Mining plc
24 February 2010

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24 February 2010
AIM: CHL


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

Project Update

Highlights:

Review of East Kutai Coal Project Feasibility Study progressing

Feasibility Study details to be released in the 2nd Quarter of 2010

Company continues to evaluate strategic alternatives to maximise value at
EKCP


Churchill Mining Plc (AIM: CHL) and its Indonesian partners, the Ridlatama
Group, which are developing the East Kutai Coal Project (EKCP) in Indonesia with
a JORC Mining Reserve of 956 million tonnes of coal, provide the following
update for the EKCP.

Following the update of 15 December 2009, Churchill now expects to complete the
feasibility review process in the second quarter of 2010. The Company will make
a detailed RNS statement on the project's economics and associated matters, upon
completion of the said review.

As announced in September 2009, the Company received several non-binding
approaches relating to possible acquisitions of specific projects within
Churchill. The Company is continuing to review these approaches, and its
options with regard to the various funding and commercial alternatives for the
EKCP and is working through an evaluation of these alternatives in order to
maximise shareholder value.



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


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

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