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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, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
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- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- White Energy Company Limited
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
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