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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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Thursday, 26 April 12
BUKIT ASAMS 1Q OPERATING PROFIT MARGIN HAS INCREASED BY 6% TO RP. 1 TRILLION
COALspot.com - PT. Bukit Asam (Persero), the Indonesia’s state owned coal miner's 1Q, 2012 revenue has increased by 31% to Rp. 3.02 trillion ...
Thursday, 26 April 12
TAIPOWER TO BUY 1.15 MILLION TONS OF 5000 GAR COAL
COALspot.com - Taiwan Power Company intends to procure 1.125million tons of sub-bituminous coal for Taipower thermal power plant through open tender ...
Thursday, 26 April 12
TAIPOWER TO BUY 375,000 MT OF 4800 GAR COAL
COALspot.com - Taiwan Power Company intends to procure 375,000 metric tons of low sulfur sub-bituminous coal for Taipower thermal power plant ...
Thursday, 26 April 12
ADK SHIPPED 28,000 TONNES OF COAL THIS MONTH
COALspot.com - Orpheus Energy (ASX:OEG) has announced that four coal barges carrying a total of approximately 28,000 tonnes of ADK (Alam Duta K ...
Thursday, 26 April 12
DRY BULK CARRIERS RENTER FLEET AFTER IDLING, ON MARKETS RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be back on track, not only solidifying the gains of the past couple of weeks, but also racing to new heights, recuperra ...
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- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
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- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
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- Oldendorff Carriers - Singapore
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
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- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
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- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- London Commodity Brokers - England
- The University of Queensland
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
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