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    Churchill Mining `s rasanter Wachstum setzt sich weiter fort ! - 500 Beiträge pro Seite

    eröffnet am 17.01.10 12:30:12 von
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      Avatar
      schrieb am 17.01.10 12:30:12
      Beitrag Nr. 1 ()


      Churchill Mining makes Caesars Report’s top 5 mining stocks for 2010 list

      Caesars Report unveiled its top 25 mining stocks for the year 2010, ranking Indonesia operating coal miner Churchill Mining (AIM: CHL) second due to its exposure to the fast growing Chinese and Indian markets that are characterised by a high demand for raw materials and “huge deposit,” as the company currently has 700 Mt (million tones) in reserves and another 2 billion in resources.

      The company’s growth plan quickly accelerated in 2007-2008 with the discovery of a very large thermal coal deposit at the East Kutai project, in which Churchill has a 75% interest. To date more than 3.18 billion tones of coal has been drilled to JORC standard with the company focusing its drilling effort to turn the resource into a mining reserve and scope out both short-term and long-term production scenarios.

      Other bullish points in the report included the large exploration upside as just 30% of Churchill’s land holding in East Kutai has been drilled along with a short payback period, low cash cost backed by Pala investments, an expected increase in coal prices and the project’s proximity to consumers in Indonesia, India and China, where 1,100 new coal-fired power stations are currently being built.

      Also, three parties are currently interested in buying the company with another four expressing interest in joint venturing (JV) it, which could potentially cause a bidding war or a buy-out, JV or offtake agreement announcement.

      The only bearish point was the unavailability of a capital expenditure estimate, which is, however, expected to be released at the end of the current month.

      The stock’s current price stands at 100 pence, which the Caesars Report called a “ridiculously strong undervaluation.”

      A recently completed feasibility study for the East Kutai project confirmed a preferred 20 million tonne per annum production rate. The company anticipates project construction work to start in 2010 and take two years to complete.

      http://www.proactiveinvestors.com.au/companies/news/4169/chu…
      Avatar
      schrieb am 17.01.10 22:11:17
      Beitrag Nr. 2 ()
      Zukunft der Energie

      Für das globale Wirtschaftswachstum muss bis 2030 über 70 Prozent mehr Kohle abgebaut werden. Bis dahin aber, warnen Experten, ist das Fördermaximum längst überschritten.
      Von FOCUS-Redakteur Michael Odenwald


      Braunkohleförderung in der Lausitz – nirgendwo auf der Welt kommt man als Besucher so nahe an den Kohleabbau


      Als die derzeit noch anhaltende Kältewelle einsetzte, wurde in China der Strom knapp. In Peking waren die Temperaturen zeitweise auf minus 16,7 Grad gesunken, den niedrigsten Wert seit knapp 40 Jahren. Sieben Provinzen rationierten den Strom für Industriebetriebe, denn Privathaushalte, Kliniken, Schulen und Verkehrsträger erhielten bei der Versorgung Priorität.

      Ursache der Krise waren die geringen Reserven an Kohle, die im Reich der Mitte der wichtigste Energieträger ist. Kältebedingt schnellte der Verbrauch von Strom und damit Kohle empor, denn viele Chinesen heizen auch mit Klimaanlagen und elektrischen Radiatoren. In Zentral- und Ostchina schlugen die Behörden Alarm und forderten die Bevölkerung zum Stromsparen auf. Die Zeitung „Guangdong Ribao“ berichtete, einige Kraftwerke hätten nur noch Vorräte für drei Tage. Andere Medien kritisierten, die Städte seien nicht ausreichend auf die Kältewelle eingestellt gewesen. Bereits Ende letzten Jahres habe es in den Lagern in Zentralchina lediglich Kohle für zehn Tage gegeben.

      Die Kohle wird knapp

      Der Versorgungsengpass gibt einen Ausblick auf die nähere Zukunft. Denn wie alle fossilen Rohstoffe wird auch die Kohle knapp – und zwar schneller, als die meisten Geologen bislang dachten. Davor warnte bereits 2007 die Energy Watch Group (EWG) – sie gehört zur in Ottobrunn bei München angesiedelten Ludwig-Bölkow-Stiftung – in einer Studie, in der sie die internationalen Statistiken über die Kohlereserven analysierte. Dabei erwiesen sich viele dieser Zahlenwerke als veraltet. „Die Statistiken suggerieren, dass die Kohle in nachgewiesenen Lagerstätten zu heutigen Marktpreisen verfügbar sei, doch davon kann keine Rede sein“, erklärte Studienleiter Werner Zittel. „Viele Angaben wurden seit Jahren nicht mehr aktualisiert. Wo dies erfolgte, wurden die Reserven meist nach unten korrigiert, teilweise sogar sehr drastisch.“

      Die Bundesanstalt für Geowissenschaften und Rohstoffe (BGR) in Hannover etwa hatte die deutschen Steinkohlereserven über Jahrzehnte mit 23 bis 24 Milliarden Tonnen bezifferte. Im Jahr 2004 wurden sie laut der EWG-Studie auf 183 Millionen Tonnen herabgestuft, also um über 99 Prozent. Die BGR lieferte die bemerkenswerte Begründung, spekulative Ressourcen würden jetzt nicht mehr berücksichtigt. Auch bei der Braunkohle gab es Abwertungen um mehr als 80 Prozent. Ähnliche Tendenzen ortete die EWG unter anderem in Großbritannien und Polen.

      Insgesamt lagen die Schätzungen der weltweit verfüg- und abbaubaren Steinkohlelager 2005 um 15 Prozent unter denen von 1987. Dabei teilen sich sechs Staaten 85 Prozent der globalen Kohlereserven. An der Spitze stehen die USA vor Russland, Indien und China, abgeschlagen folgen Australien und Südafrika. Von ihnen meldeten aber nur Indien und Australien in den vergangenen 20 Jahren mehr Reserven. Indien hob sie von 12,6 Milliarden auf 90 Milliarden Tonnen an, Australien von 29 Milliarden auf 38,6 Milliarden Tonnen. Bei Braunkohle wurden die weltweit vermuteten Lagerstätten im gleichen Zeitraum um 50 Prozent herabgestuft.


      Billige Energie für das Schwellenland China: Das gigantische Kohlekraftwerk von Shengtou

      Das Ende der Reserven

      Doch einige Staaten wie Vietnam und China melden schon lange keine neuen Daten mehr. Die letzte Aktualisierung aus China stammt von 1992. Rund ein Fünftel der damals angegebenen Reserven wurde laut der EWG-Studie seitdem aus dem Boden geholt. „Es ist sehr wahrscheinlich, dass die chinesische Kohleförderung in den kommenden zehn Jahren ihren Höhepunkt überschreiten wird“, schreiben die Autoren.

      Damit rückt ein Szenarium in den Blickpunkt, das schon seit Jahren beim Erdöl Furore macht. Beim flüssigen schwarzen Gold, sagen einige Experten, sei der Fördergipfel bereits seit einigen Jahren überschritten. Ab diesem „Peak Oil“ genannten Punkt sinkt die Förderung, weil sich die Lagerstätten zunehmend erschöpfen. Wenn der Verbrauch gleichzeitig steigt, schießen die Preise für Erdölprodukte raketengleich nach oben.

      „Peak Coal“ droht

      Nun könnte also „Peak Coal“ folgen. Zwar gab der Weltenergierat in seiner offiziellen Statistik von 2007 noch eine scheinbar beruhigende globale Reserve von 847 Milliarden Tonnen an. In jenem Jahr lag der weltweite Verbrauch bei knapp sechs Milliarden Tonnen. Bliebe er konstant, würden die Kohlevorräte unseres Planeten noch etwas über 140 Jahre reichen.

      Dies deckt sich mit anderen Berechnungen, denen das Verhältnis der Reserven zur Produktion zugrunde liegt. Einer damit erstellten Statistik des Ölkonzerns BP zufolge reicht der schwarze Brennstoff noch 144 Jahre lang. Das Energieinstitut der EU-Kommission nennt eine Reichweite der Kohle von 155 Jahren, weist aber darauf hin, dass es 2000 noch 277 Jahre waren. „Wenn die Reserven in gleichem Maß weiter schwinden, wird die wirtschaftlich gewinnbare Kohle schneller knapp als gemeinhin erwartet“, betonen die EU-Fachleute. Davor warnt auch der Energieforscher Dave Rutledge vom California Institute of Technologie (CalTech). In einer eigenen Analyse von 2007, in der er die übertriebenen Angaben der Förderländer berücksichtigte, beziffert er die wahren Kohlereserven der Welt gerade mit 382 Milliarden Tonnen.

      Die Energiewächter aus Ottobrunn machen dagegen eine andere Rechnung auf. Weil die Kohle in den kommenden Jahrzehnten die Förderrückgänge bei Erdgas und Erdöl ausgleichen soll (etwa durch Kohlevergasung), sei zunächst eine Ausweitung der globalen Förderung um 30 Prozent denkbar. Die Zuwächse müssten durch verstärkte Förderung vor allem aus Australien, China, Russland, der Ukraine, Kasachstan und Südafrika kommen. Bis 2025 bliebe die abgebaute Menge konstant, danach nimmt sie jedoch kontinuierlich ab – der Fördergipfel wäre erreicht. Bis zum Ende des Jahrhunderts würde der Kohleabbau dann auf die Hälfte sinken.

      In den USA könnte die Kohledämmerung noch schneller bevorstehen, denn laut der EWG-Studie ist das Fördermaximum bald erreicht oder wurde sogar schon überschritten. Auf dem Papier reichen die Kohlereserven des Landes für mehr als 200 Jahre. Doch seit 1998 ist der Anteil von Steinkohle an der Energieversorgung rückläufig. Hochwertige Kohle muss deshalb importiert werden.

      ...weiter unter :

      http://www.focus.de/wissen/wissenschaft/wissenschafts-dossie…
      Avatar
      schrieb am 17.01.10 22:21:43
      !
      Dieser Beitrag wurde moderiert. Grund: Spammposting
      Avatar
      schrieb am 22.01.10 15:12:53
      Beitrag Nr. 4 ()
      so, stelle mal die letzte Meldung rein, mit dem Förderband Szenario hat man sich ja wahrs.(gleich) für die größere Produktionsversion enschieden(Konstruktionsstart für dieses Jahr angedacht &soll dann 2Jahre dauern, mit Ziel Förderstart in 2012; es wird geschätzt, dass die operativen Kosten relativ niedrig ausfallen werden &mit dem jetzt gewählten Szenario vermuten sie nochmal um die -20$/t dabei einsparen zu können, wobei die Capex sich dadurch erhöhen wird), wobei sie sich 3Optionen offen gelassen haben: benötigte Finanzierungen durch einen Partner abschwächen, komplett(die anteiligen 75%) selber entwickeln &es dann mit einer ordentlichen Capex zu tun zu haben oder das Projekt komplett verkaufen(für alle Szenarien gibt es wohl einige Interessenten, man arbeitet gerade mit einigen Finanzinstituten etc. zusammen, für einen Komplettverkauf soweit ich weiss mind. 3). Genauere Angaben zu Capex/Opex voraussichtlich bis Ende Jan erwartet(rechne damit, dass sich das auch noch ein bissl herausschieben könnte). Explorationspotenzial wäre prinzipiell auch noch erhebliches weiteres vorhanden, dürfte aber erstmal nicht allzu relevant sein, zuletzt haben sie auch nochmal einen Rechtsbeistand hinzugezogen, um sicher zu gehen, dass man mit der neuen indonesischen Minengesetzgebung im Einklang ist(dürften davon IMO eigentlich nicht betroffen sein):

      Project Update for East Kutai Coal Project - Dec 15, 2009

      Highlights:


      + East Kutai Coal Project Feasibility Study now complete

      + The study defines a preferred 20 million tonne per annum production rate

      + Tendering from international groups to build the project’s mine stockyard, conveyor, port facility and power station well advanced

      + Completion of tender process and final review of bids anticipated by end of January 2010

      + Project commencement anticipated to start in 2010 and be complete by 2012
      www.churchillmining.com/library/file/Project update Final RN…

      "Churchill Mining PLC (AIM: CHL) the Indonesian-focused coal mining company and its Indonesian partners the Ridlatama Group, are pleased to announce the following progress update for the East Kutai Coal Project (EKCP), in which Churchill has a 75% interest. The EKCP has a 2.481 billion tonne JORC resource of which 956 million tonnes has been classified as a JORC Probable reserve.

      Feasibility Study work on EKCP by Churchill Mining (“Churchill” or “the Company”) is complete and has identified the potential to exploit the project’s thermal coal reserves at a preferred annual production rate of 20 million tonnes per annum.

      The Company has put the project’s infrastructure items (mine stockyard, overland conveyor, port/ship loader and power station) out to tender and this process is well advanced. To date the bids received have been well under predicted costs due to the resurgence in global manufacturing and engineering capabilities following the Global Financial Crisis downturn.

      Churchill anticipates completion of its tender process and final review/evaluation of the bids by the end of January 2010. At this point the Company will be in a position to further inform investors of EKCP’s expected capital cost and life-of-mine financial returns.

      Churchill anticipates project construction work at EKCP will start in 2010 and will take two years to complete. The Company consequently has applied for all the necessary licences and permits with the relevant Central, Provincial and Regional Indonesian Governments to expedite development.

      At site the Company recently began mining a bulk sample for testing at the Australian Coal Industry Research Laboratory in Queensland, Australia, in order for Churchill to advise potential customers of the coal’s handling abilities, combustion, boiler performance and other quality characteristics.

      Company representatives also recently visited 17 companies on India’s East Coast to discuss the project and potential off-take agreements. Churchill came away highly encouraged by the growth profile of future Indian coal demand – it was established that India will need a minimum of 100 million tonnes per annum of new EKCP-styled coal to meet expected future energy needs.



      The EKCP Coal Project
      Churchill’s feasibility work found that EKCP is best exploited at a preferred rate of 20 million tonnes per annum. The coal will be transported from the mine, ultimately made up of three open pits, using a 160 kilometre overland conveyor system comprising eight flights at a speed of 5 metres per second.

      The conveyor, which will be powered by a coal-fired power plant using EKCP coal, will be engineered to Australian standards and has been designed to meet varying gradients of topography. Currently four international groups are tendering to build the conveyor in conjunction with more than 40 component companies. Final tenders to build the 75MW power station and associated transmission lines have also recently been received. The Company has also been in discussions with a major automation consultant who will advise on the latest monitoring and control systems for the conveyor and associated infrastructure.


      Coal conveyed from the mine will be delivered to a coastal port location which Churchill has identified as the optimum deepwater site to accommodate Cape class ships. The conveyor will feed to a port stockpile with an underground feeder reclaiming system. This ship loader will be built to handle ship loading up to 6,000 tonnes per hour. The Company is now undertaking final bathymetric and wave, wind and tide studies for the future port facility. Tenders for the port piling and coal loader have been received.


      Churchill Mining’s CEO Paul Mazak commented:

      “We are very pleased with the results of EKCP Feasibility Study and look forward to announcing the associated results of our economic modeling early next year. As more data and certainty has been brought to bear on the EKCP project, so too has been the level of interest from the international coal community.

      “Churchill is still evaluating how best to generate value for shareholders. Our options include the sale of the project or company, the development of EKCP with a joint venture partner or the financing and implementation of the EKCP by Churchill itself. We continue to have discussions with a number of interested parties and the Company hopes to be position next year to announce the results from these negotiations.

      END "


      zu Opex/Capex habe ich bisher zwei(lose) Schätzungen gesehen, an Denen ich mich allerdings nicht aufhängen würde &von Denen ich nicht wirklich weiss, worauf die basieren(angeblich gab es da von Seiten Churchill´s auch schonmal Angaben, konnte das aber bisher nicht finden):
      www.churchillmining.com/library/file/17 June 2009 Astaire RN…
      www.caesarsreport.com/CaesarsReportSeptember28th09.pdf

      Gruß
      Popeye
      Avatar
      schrieb am 30.01.10 15:26:50
      Beitrag Nr. 5 ()
      "Caesars Report":

      "The reason why Churchill Mining (CHL.L), ranked second in our Mining top-25, was dropping last days could very well be the fact that LEHMAN BROTHERS is currently selling its entire position in the company, as part of the liquidation of their assets in their bankruptcy process.

      In a filing yesterday, Lehman reported they dived under the 3%-mark, and as they are forced to liquidate all of their shares, it’s very well possible the drop will last for a while. We’ll keep you updated when we buy more shares (personally or in the portfolio).

      However, there is no reason to sell your shares now. The company anticipated the release of the Final Feasibility study around the end of January, but we expect some delays, and only see the FFS somewhere in February. We will probably use some of the money we withdrew from other Top-25 positions, to buy more Churchill on the dips. ..."

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      Avatar
      schrieb am 31.01.10 12:26:15
      Beitrag Nr. 6 ()
      Coal Firms To Keep Nation in The Black
      Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligations. Failure to comply may cost producers half of their output.

      “Our company is aiming to supply 20 to 25 percent of domestic demand,” said Sandiaga Uno, director of PT Adaro Energy, the nation’s No. 2 producer. “We hope to supply at least 11 million tons to the market this year.”

      The Energy Ministry decree, which went into effect on Jan. 1, requires coal miners to meet domestic demands before exporting their coal. The DMO would be based on projections of domestic needs three months in advance.

      The initiative is aimed at securing adequate fuel for the nation’s ongoing fast-track electricity generation program. Producers in the past have been reluctant to reserve output for domestic use because coal fetches higher prices abroad.

      Sanctions for not meeting the DMO vary from a written reprimand to a production cut of up to 50 percent for producers the following year. Buyers may also be punished if they fail to fulfill their purchasing commitments, with their orders in the next year being slashed by as much as half.

      The government expects domestic demand of 75 million tons this year, while total coal production has been estimated at 280 tons.

      The Indonesian Coal Producers Assocation (APBI), however, has insisted that the government’s demand forecast was too high and that the domestic market could not absorb that amount.

      Sandiaga said Adaro would supply power plants in Java and Bali to meet its obligation. The company’s production rose to 40.59 million tons in 2009 from 38.48 million in 2008.

      “Our company aims to be the biggest coal supplier for domestic demand,” Sandiaga said.

      State-owned coal miner PT Tambang Batubara Bukit Asam said on Friday that it would allocate 8.6 million tons, or 61 percent of its total production this year, to the domestic market, up from 8.3 million tons last year.

      Pri Agung Rakhmanto, an energy analyst at the Reforminer Institute, said the government should also issue a regulation pushing producers to reserve even more coal for the domestic market.

      To make the obligation more palatable to miners, Pri suggested that the government raise the price it pays for coal to fall more in line with international prices.

      “It’s still a better alternative than the government having to import from overseas with higher price” Pri said.

      The National Energy Council, which advises the House of Representatives and the president, is currently considering a proposal to ban exports of coal, perhaps as soon as 2015, saying the nation would be able to absorb all coal production by that time.

      Driving calls for the ban is the need for energy security amid diminishing coal reserves. Herman Darnel Ibrahim, a council member representing the mining industry, said the ban was needed because the nation’s remaining coal reserves were estimated to be sufficient for only 20 years.

      But Energy Minister Darwin Zahedy Saleh, executive chairman of the council, said the ban would probably not be implemented as long as the country had a stable supply.

      According to the Energy Ministry, Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the government’s 230 million ton target.

      About 78 percent of the output was exported to buyers in Japan, China, India, Australia and Africa, with the rest sold domestically.

      Bambang Setiawan, director general of coal, minerals and geothermal at the ministry, said coal exports in 2009 were worth $14.85 billion.


      http://thejakartaglobe.com/home/coal-firms-to-keep-nation-in…
      Avatar
      schrieb am 31.01.10 12:32:15
      Beitrag Nr. 7 ()
      Antwort auf Beitrag Nr.: 38.850.434 von donnerpower am 31.01.10 12:26:15Indonesia to construct 93 power plants in 2nd project


      The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.

      "With the issuance of the decree, the bidding for the power plant procurement can now be opened," J. Purwono, the director general for electricity and energy use, said Friday.

      The power plants are expected to generate up to 10,153 MW in total. Of this figure, 5,770 MW or 57 percent will go into the Java - Bali grid, while the rest will go to the other islands across the archipelago.

      This second project is expected to promote the use of clean and renewable energy, but coal-fired power plants will still contribute significantly.

      Of the total capacity, up to 1,204 MW (12 percent) will be generated by hydroelectric plants; 1,660 MW (16 percent) from gas combined-cycle plants; 3,977 MW (39 percent) from geothermal plants, and 3,312 MW (33 percent) from coal-fired plants.

      The biggest hydroelectric plant in the project will be the 4x250-MW Upper Cisokan plant in West Java.

      The biggest gas combine-cycle plant will be the expanded Muara Tawar plant, also in West Java, with total capacity of 1,200 MW.

      The 1,000-MW Indramayu power plant in West Java will be the biggest of the coal-fired plants in this second phase, while the Sarulla 1 plant in North Sumatra, with expected total capacity of 3x110 MW, will be the biggest of the geothermal power plants.

      Of the total 10,153 MW power expected to be generated from the project, state electricity company PT PLN is expected to generate a little more than half, or 5,118 MW.

      The remaining 5,035 MW is expected to come from plants run by independent power producers (IPPs).

      Although set to produce an almost equal amount of electricity, the power plants to be built by the IPPs will require double the investment that PLN's plants warrant.

      Constructing all the power plants will require US$15.96 billion in investment. Of this figure, only $5.90 billion will go to PLN.

      The IPPs will require a greater capital outlay as they will focus on geothermal power plants, which are far more costly than PLN's coal-fired plants.

      Of the total 3,977 MW set to be generated by geothermal, IPPs are expected to contribute 3,097 MW.

      The second 10,000-MW project will include the construction of 3,490 kilometers of power transmission lines, requiring $383 million in investment.

      The project is expected to be finished in 2014.


      http://www.thejakartapost.com/news/2010/01/30/indonesia-cons…
      Avatar
      schrieb am 31.01.10 12:58:40
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 38.850.434 von donnerpower am 31.01.10 12:26:15Churchill M. ist auf lange Sicht sicher ein interessanter Wert.
      Zur Zeit wird aber ganz offensichtlich wieder viel Geld aus den Aktienmärkten insbesondere den Rohstoffwerten, herausgenommen !
      Einen Engpaß für Kohle ,die soll ja noch für Hunderte von Jahren reichen, kann ich nicht erkennen. Warte daher auf den ( mit Sicherheit kommenden ) nächsten massiven Einbruch, dann werde ich hier investiern !
      Bislang scheint zudem ja noch sehr ,sehr unklar wo die denn das viele, viele Geld zur Investition in dieser doch sehr unsicheren Weltecke hernehmen wolllen !
      Wird wahrscheinlich nur durch massivste " Verwässerung" möglich sein
      Avatar
      schrieb am 31.01.10 18:29:00
      Beitrag Nr. 9 ()
      "Response from CEO concerning the delay - joeSweUK - Jan 29, 2010

      I got a letter from Paul 10mins ago.


      Dear ***

      Really sorry about delay. Everything moving right direction. Connell-Wagner just reviewing engineering and will announce but not in Jan.

      Paul g Mazak

      Sent from my BlackBerry®
      powered by Sinyal Kuat INDOSAT


      Dear Paul,
      I am a shareholder of CHL. The reason why I am writing to you is ask about the latest progress of the company because in the last update in December, we were told that we will be informed about the tender progress and CAPEX for the EKCP project. However, no news is heard since then. Could you please tell us some info about this?


      Thank you very much.

      and I am one of the big fans of this promising company!

      Best regards.
      www.iii.co.uk/investment/detail?cod.....play=discussion&it=l… "
      Avatar
      schrieb am 03.02.10 21:35:35
      Beitrag Nr. 10 ()
      Dieser Wert scheint potential zu haben!

      Danke D:D
      Avatar
      schrieb am 03.02.10 21:48:19
      Beitrag Nr. 11 ()
      Antwort auf Beitrag Nr.: 38.850.524 von ernestokg am 31.01.10 12:58:40Zur Zeit wird aber ganz offensichtlich wieder viel Geld aus den Aktienmärkten insbesondere den Rohstoffwerten, herausgenommen !
      Einen Engpaß für Kohle ,die soll ja noch für Hunderte von Jahren reichen, kann ich nicht erkennen. Warte daher auf den ( mit Sicherheit kommenden ) nächsten massiven Einbruch, dann werde ich hier investiern !
      Bislang scheint zudem ja noch sehr ,sehr unklar wo die denn das viele, viele Geld zur Investition in dieser doch sehr unsicheren Weltecke hernehmen wolllen !
      Wird wahrscheinlich nur durch massivste " Verwässerung" möglich sein




      Hmmm...das ist dein Bauchgefühl wo du nicht dieses Unternehmen sondern den ganzen Sektor ansprechen willst aber hast dich mal mit den Zahlen/Daten>Fakten und der Strategie von Churchill Mining
      auseinander gesetzt.:confused:

      Nicht einfach...aber es könnte sich lohnen, zumindest für eine ordentliche Interpretation für pro oder contra hier im Thread ;)
      Avatar
      schrieb am 11.02.10 15:15:51
      Beitrag Nr. 12 ()
      mir ist gerade aufgefallen, dasss wir mit dem Pfund ja schon fast Pari stehen müssten :eek: :

      "We are currently noticing unusual trading volume in Churchill Mining's (CHL.L) stock today. As several large orders (in the 200k, 300k, and even in the 500k region) appeared on our screen today, we think Lehman Brothers may have found a buyer for their shares.

      As we are nearing the end of the pre-development stage, events may unfold rapidly from this point in time, and the shareprice seems to be responding to the increased volume we noticed today.

      Kindly yours,

      The Caesars Report Team ..."
      Avatar
      schrieb am 11.02.10 21:42:19
      Beitrag Nr. 13 ()
      Antwort auf Beitrag Nr.: 38.926.419 von Popeye82 am 11.02.10 15:15:51





      ;):lick:
      Avatar
      schrieb am 11.02.10 22:57:55
      Beitrag Nr. 14 ()
      Buyout funds see Indonesia as next Asia stop for deals:rolleyes:

      11 Feb 2010



      JAKARTA/HONG KONG: Indonesia, Southeast Asia's biggest and fastest-growing economy, is becoming a new focus for a growing number of global buyout
      funds, drawn by improving stability and strong commodity prices.

      As deal valuations no longer look so attractive in Asia's most popular destinations for foreign investment, China and India, dealmakers are trying to find alternatives in Asia, the fastest-growing continent, private equity executives say.

      "Southeast Asia has been the Cinderella to China and India. If people continued to find great deals in China and India, Indonesia would have continued to be Cinderella," said Roman Scott, managing director of private equity firm Calamander Capital in Singapore.

      Chinese stocks in Shanghai are trading at a trailing PE ratio of 22 times, versus 20 for Bombay's index and about 16 for Indonesia.

      "You're looking at a country that's stuffed with fabulous commodities, and where there's a huge emerging middle class. It's still China and India ten years ago -- there's plenty of opportunity," said Scott, adding, though, that his firm is focused more on the frontier Sri Lankan market than on Indonesia.

      There are still plenty of risks for firms directly investing in Indonesia. High on the list are bureaucratic red tape and corruption, especially in the legal system and energy sector.

      But two recent foreign investments in the resource-rich country, the world's top exporter of thermal coal and tin and the largest producer of palm oil, reflect investors' rising confidence in Indonesia's dealmaking environment.

      Last month, European buyout fund CVC Capital Partners spent over $770 million to form a joint venture with retailer Matahari Putra Prima to own 80 per cent of its department store unit, making it the biggest recent foreign private equity investment in the country.

      That deal pushed Indonesia into third place globally in terms of the size of private equity deals so far in 2010, with a 10.7 per cent share. By contrast, in 2009 Indonesia only had a 0.1 per cent share and its $98.6 million worth of deals trailed deals worth over $1 bln in both China and India.

      MORE FUNDS, MORE DEALS

      CVC's deal may well herald an investment wave in Indonesia as many other big names are catching up, in particular in three sectors -- resources, infrastructure and retail, bankers and analysts say.

      "Eine Zunahme der Bevölkerung und wachsende Kaufkraft im Einzelhandel unterstützen wird, und auch die meisten indonesischen Haushalten keinerlei Einfluss", sagte Ari Pitoyo, Head of Equity Research bei Mandiri Securities in Jakarta.

      Affinity Equity Partners, an Asia-focused private equity firm set up by some former top UBS bankers in Asia, plans to raise a new multi-billion-dollar buyout fund to focus on new markets like Indonesia.

      Affinity hired Inghie Kwik, Morgan Stanley's former Indonesia investment banking head, to help it set up office in Jakarta in late 2009.

      Kwik, a well-connected local dealmaker, is looking at several possible investments in Indonesian telecoms, mining and infrastructure, though no formal proposal has been made yet, according to a source close to Kwik. The source declined to be identified because the matter is not public.

      Securities firm CLSA said in a January report that department store operator Ramayana, pharmaceutical firm Kalbe Farma, Bank Panin and tobacco firm Gudang Garam are on the wish list of strategic investors.

      Blackstone's senior managing director Benjamin Jenkins said on the sidelines of a conference in Singapore late last year he hopes the firm could do more deals in the Southeast Asian nation.

      "Potentially really interested in Indonesia. So I hope we can do more there," he said. "We have looked at coal deals in Indonesia, we haven't done one yet."

      Private equity firms will still be keeping a close eye on whether planned government reforms, such as stamping out graft and removing energy subsidies, continue or stall.

      There's also the risk the central bank will fail to control inflation, a historical problem. The rupiah gained 17 per cent in 2009, but any loss of stability could lead to depreciating earnings for foreign investors.

      However over the next three to five years, the typical timeframe for a private equity investment, the country is expected to reach investment grade, says the world's top bond fund manager PIMCO, a status that would draw further investment.


      http://economictimes.indiatimes.com/news/international-busin…
      Avatar
      schrieb am 16.02.10 18:31:38
      Beitrag Nr. 15 ()
      Churchill Mining gets further vote of confidence as Indo Setubara ups stake to 7.6% - PI - Feb 16, 2010
      www.proactiveinvestors.co.uk/companies/news/13382/churchill-…
      www.londonstockexchange.com/exchange/prices-and-news/news/ma…

      "Churchill Mining (AIM: CHL) has been notified that Advaita Partners managed Indo Setubara Limited has purchased a further 0.5 million shares in the company to increase its shareholding to 7.61% a little over a year after acquiring an initial 6.6% interest in the company.

      Back in December 2008, Advaita purchased 4.45 million shares in Churchill through Indo Setubara to gain a 6.6% shareholding, which Churchill said acknowledged a vote of confidence that the investment in the company represented.

      Indo Setubara aims to become a preferred fuel supply partner for Indian power producers, already holding interests in several coal concessions in Indonesia and Mozambique with mandates for coal supply from power companies that it said set up over 10 GW (gigawatt) of imported coal based power capacity in South India.


      Churchill is currently developing the East Kutai coal project in Indonesia, where it has recently concluded a feasibility study, confirming a preferred 20 million tonne per annum production rate. The EKCP has a 2.481 billion tonne JORC resource of which 956 million tonnes has been classified as a JORC probable reserve. "
      Avatar
      schrieb am 16.02.10 19:14:28
      Beitrag Nr. 16 ()
      Feb. 16, 2010, 3:19 a.m. EST · Recommend · Post:

      Shaanxi province warns over coal stockpilesExplore related topics
      Gas/Utilities Story
      Comments Screener Alert Email Print ShareBy Chris Oliver HONG KONG (MarketWatch)-- China's northern province of Shaanxi has been hit by a "serious" coal shortage, with supplies to power the 13 biggest utility power plants in the region dwindling to just over a week's worth in January, according to a published report. About 1 million metric tons of thermal coal was stockpiled by the utilities in January, a drop of 28% from December, according to a Dow Jones Newswires report which cited provincial government figures released Monday. The shortages have renewed concerns over possible rationing in Shaanxi and neighboring provinces, unless shipments are received from mines in Indonesia and Australia. Coal mines in Shaanxi have reportedly boosted output by 13% in January from December to help offset reserves.


      http://www.marketwatch.com/story/shaanxi-province-warns-over…
      Avatar
      schrieb am 16.02.10 19:53:18
      Beitrag Nr. 17 ()
      Hallo,

      einen interessanten Thread habt ihr hier....:)
      Muss mich mal einlesen!!!

      Gruß
      TimLuca
      :cool::cool:
      Avatar
      schrieb am 24.02.10 12:39:00
      Beitrag Nr. 18 ()
      Feasibility nochmal, ins 2te Quartal, nach hinten verlegt, verschiedene Optionen werden weiterhin geprüft:

      Project Update for East Kutai Coal Project - Feb 24, 2010

      + 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
      www.churchillmining.com/library/file/Project Update 24Feb.pd…

      "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.
      "
      Avatar
      schrieb am 25.02.10 22:49:28
      Beitrag Nr. 19 ()
      "Indo Setubara Limited, a major shareholder of Churchill Mining Plc (CHL.L), purchased another 340,422 shares, increasing its shareholding to 8.03%. Indo Setubara aims to become a major fuel supply partner for Indian power producers. Their recurrent stock purchases are a renewed vote of confidence for Churchill Mining.

      A short article in Times Online reported a rumor, stating a big Indian company seeks to buy "an asset" of Churchill in the near future.
      http://business.timesonline.co.uk/tol/business/markets/artic…
      www.londonstockexchange.com/exchange/prices-and-news/stocks/… "
      Avatar
      schrieb am 28.02.10 11:51:24
      Beitrag Nr. 20 ()
      Antwort auf Beitrag Nr.: 39.001.206 von Popeye82 am 24.02.10 12:39:00East Kutai coal project feasibility study progressing

      Friday, 26 Feb 2010Highlights
      1. Review of East Kutai Coal Project Feasibility Study progressing
      2. Feasibility Study details to be released in the 2nd Quarter of 2010
      3. Company continues to evaluate strategic alternatives to maximise value at EKCP

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

      Following the update of December 15th 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 maximize shareholder value.

      http://steelguru.com/news/index/MTM0NDI0/East_Kutai_coal_pro…
      Avatar
      schrieb am 28.02.10 13:34:23
      Beitrag Nr. 21 ()
      Antwort auf Beitrag Nr.: 38.875.600 von donnerpower am 03.02.10 21:48:19Hi donnerpower
      You are right it is my gut instict
      warum ich hier noch nicht investiert habe. Dieses Bauchgefühl beruht aber auf folgendem:
      1: Wir haben eine ungelöste Weltwirtschaftskrise, fraglich ob sich eine Bank findet dieses Projekt zu finanzieren !
      2: Projekt befindet sich in einer ablegenen unsicheren Weltgegend
      Habe als junger Mann ausgiebig wiederholt Marokko, Algerien und Ägypten bereist, die Menschen dort glaubten fest ,daß alles Übel in ihren Ländern auf die Christliche Welt zurückzuführen ist, ist das in Indonesien anders ? Leider war ich noch nie in diesem Land,kenne also also überhaupt nicht.
      3:Kohle gibt es weltweit nach wie vor im Überfluß Große Kohlevorkommen befinden sich in China Russland der Ukraine in Polen in den USA in Kolumbien usw !
      4:Kohle gilt als sehr schmutzige Energie !
      5: trotz massivem pushing ( Caesars report und a.) kam die Akie bislang nicht so recht vom Fleck
      last not least erscheinen mir die Angaben unglaubwürdig eine Gesellschaft mir derartig hohen Bodnschätzen müsste einfach viel,viel höher stehen, irgendetwas muß da doch "faul" sein Goldexplorer werden derzeit mit etwa mit 6 % des Wertes ihrer Reseven bewrtet, rechen mal das auf die CAP hier um !
      Mein persönliches Fazit aus dem obenstehenden: Eistieg entweder a) beim nächsten massiven Einbruch mit einem kleinem Betrag oder
      b) grösserer Einstieg wenn der Wert es demnächst schaffen sollte 3 Tage über dem bisherigen ATH von 110 pence zu bleiben !
      Avatar
      schrieb am 28.02.10 17:10:42
      Beitrag Nr. 22 ()
      Antwort auf Beitrag Nr.: 39.027.987 von ernestokg am 28.02.10 13:34:23mir die Angaben unglaubwürdig eine Gesellschaft mir derartig hohen Bodnschätzen müsste einfach viel,viel höher stehen, irgendetwas muß da doch "faul"

      Schade das du den wert nicht genau angeschaut hast, sonst würde solch eine Aussage auch nicht von dir gepostet werden.

      Alleine die letzten Postings hier von User Popeye82 hätten deine Antwort beantworten müssen worauf gerade churchill mining die ganze zeit hin_arbeitet.
      Avatar
      schrieb am 03.03.10 20:51:07
      Beitrag Nr. 23 ()
      Schwache Währung: Pfund verliert zum sechsten Mal in Folge
      SPIEGEL ONLINE - Wirtschaft - 02.03.2010
      Das britische Pfund wird zunehmend schwächer. Die Währung rutschte am Dienstag den sechsten Tag in Folge gegenüber dem Dollar ab. Grund für die Entwicklung sind politische Unsicherheiten, ein riesiges Staatsdefizit und Spekulationen auf einen sinkenden Kurs

      Sollte für uns gut sein...wenn man noch mal nachlegen will ;)
      Avatar
      schrieb am 05.03.10 17:48:55
      Beitrag Nr. 24 ()
      Coal Investors Cheer Japanese Pricing, Shares Surge
      by Jason Smith | March 5th

      According to Bloomberg, BHP Billiton (BHP) struck a Japanese coal deal worth $200 per metric ton, sending coal stocks surging across the board.

      Reports this morning note that exporter BHP’s latest deal with Japan’s JFE Holdings prices coking coal at $200 per metric ton for a three-month contract beginning in April. That’s more than 55% better than the $129 a ton Japanese steelmakers paid BHP for the year ending March 31, according to Bloomberg. Meanwhile, The New York Times reports that “coal state” legislators are pushing for a two-year postponement of potential emission limits.

      As a whole, the Coal Stocks Index is ahead by 2.5% on the news with select components soaring by 5% or more. The Index has now outperformed the S&P 500 by more than 13% over the past month.

      Today’s biggest winners include Patriot Coal (PCX), James River Coal (JRCC), and Massey Energy (MEE), which are ahead by more than 4% in the rally. They are also the sector’s top performers over the past five sessions, adding more than 10% for the period.

      Meanwhile, Westmoreland Coal (WLB), Headwaters (HW), and Pro-favorite Walter Energy (WLT) are also in the 10% club for the week as coal shares surged across the board. Only high-yield player Penn Virginia Resource Partners (PVR) and small-caps National Coal (NCOC) and Evergreen Energy (EEE) are negative for the period.

      Last week we covered bullish coal calls from analyst Brean Murray, and it appears the picks were on target. As of this writing, the Coal Stocks Index is one of the top-10 performing tickerspy Indexes over the last week, up by 9%.

      Investors can track the Coal Stocks Index for performance trends and a suite of other metrics at tickerspy.com.


      http://www.tickerspy.com/newswire/?p=1677
      Avatar
      schrieb am 05.03.10 22:12:29
      Beitrag Nr. 25 ()
      Antwort auf Beitrag Nr.: 39.028.625 von donnerpower am 28.02.10 17:10:42Wo soll ich mir denn den Wert genauer anschauen ?
      Habe dem folk hier schon vor 2-3 Jahren bei Zaruma, UUU u.a. versucht zu erklären ,daß man nicht alles was auf den Home pages steht glauben soll -- wurde ziemlich stark ausgelacht !
      Also wo gibt es objektive neutrale Information ohne pushing Intention zu diesem Wert ?
      Avatar
      schrieb am 05.03.10 23:25:11
      Beitrag Nr. 26 ()
      Antwort auf Beitrag Nr.: 39.074.031 von ernestokg am 05.03.10 22:12:29neutrale Information

      Da gebe ich die Recht..es ist wirklich schwer Nachrichten in Englisch zu finden.

      Auf jeden Fall sollte man eins beachten,schaut euch mal genau an wer hier Investiert hat..gerade mit Pala sollte schon einen schon die Augen öffnen das_hier_das Hauptziel darin liegt Kohle mit Kohle in naher Zukunft zu erwirtschaften ...bin echt gespannt was uns der Bericht zum Ende des Q2 alles zeigen wird welchen Potential hier ruht !
      Avatar
      schrieb am 17.03.10 17:52:27
      Beitrag Nr. 27 ()
      Antwort auf Beitrag Nr.: 39.074.487 von donnerpower am 05.03.10 23:25:11Na, ja vielleicht liegt der fehlende Anstieg dieses Wertes in den letzten Wochen auch daran, daß er bei deutschen Anlegern bislang ziemlich unbekannt ist. Habe heute mit 2 meiner belesensten Bankern telephoniert, keiner kannte ihn !
      Avatar
      schrieb am 17.03.10 19:51:33
      Beitrag Nr. 28 ()
      Antwort auf Beitrag Nr.: 39.161.168 von ernestokg am 17.03.10 17:52:27Na, ja vielleicht liegt der fehlende Anstieg dieses Wertes in den letzten Wochen auch daran, daß er bei deutschen Anlegern bislang ziemlich unbekannt ist.


      :laugh:


      Entschuldige das ich lache aber mal zur Info::

      ...die Hauptbörse ist in London...selbst lehman brothers hat/hatte Anteile und das nicht wenige ;)

      gruss
      Avatar
      schrieb am 17.03.10 20:20:51
      Beitrag Nr. 29 ()
      Antwort auf Beitrag Nr.: 39.162.338 von donnerpower am 17.03.10 19:51:33Lach ruhig über mich! Auch ich kenne die Umsätze in London und Frankfurt - dort praktish nought ! Fakt ist aber für mich mal, daß meine englischen Freunde über diesen Wer nur lachen und meine deutschen Freunde massiv in die REE, die EM und ausgewählte Industrieaktien investieren ! Warum nur ?
      Avatar
      schrieb am 17.03.10 21:21:38
      Beitrag Nr. 30 ()
      Antwort auf Beitrag Nr.: 39.162.690 von ernestokg am 17.03.10 20:20:51daß meine englischen Freunde über diesen Wer nur lachen

      ...geschichtenerzähler :laugh:
      Avatar
      schrieb am 17.03.10 21:35:47
      Beitrag Nr. 31 ()
      Indonesia says to be flexible on local mining sales

      Wed Mar 17, 2010


      (Reuters) - Mining firms in Indonesia with long-term overseas' supply contracts will be allowed to increase their production to meet a requirement of setting aside supply for the domestic market, a government official said on Wednesday.
      Indonesia issued a regulation in January requiring miners to meet domestic needs of coal and metals.

      The new decree flows from a mining and coal law passed in 2008. The new law aims to squeeze more revenue from the mining sector and secure supplies of minerals such as coal for the home market where demand is expected to surge as new power projects come on stream.

      Although the decree is applied for both coal and metal products, there is a greater concern in the coal industry.

      Buyers are worried that Indonesia, the world's largest exporter of thermal coal, would set aside more coal for domestic use and curtail exports.

      "For miners that cannot meet domestic market obligations because they already have long-term export contracts, they can increase their production," said Bambang Gatot Ariyono, director of coal and mineral production at the energy and mines ministry.

      "But it will subject to a feasibility study and an assessment of the impact on the environment," Ariyono said.

      Each year, coal and metal miners must submit their production plans to the government. Plans to increase or cut production are subject to government approval.

      The government has set a target for domestic coal consumption this year at 75 million tonnes, or 30 percent of total Indonesia coal production of 250 million tonnes this year.



      The government has yet to decide what metal products will be included for the domestic market obligation, Ariyono said.

      The official did not give details on what production increase would be allowed.

      For metal products, the new mining law will require miners to process mineral products domestically by setting up their own smelters or sending products to be processed in independent smelters but the process is likely to be slow due to lack of domestic processing capacity.

      The Indonesian unit of Freeport McMoran Copper & Gold (FCX.N: Quote, Profile, Research) has said it would sell more copper concentrate to local smelters but talks with the smelters have stalled. [ID:nJAK280478]

      (For a factbox on new mining regulation, double click: [ID:nJAK279731])

      (Reporting by Fitri Wulandari; Editing by Ed Davies)



      http://in.reuters.com/article/oilRpt/idINJAK36934820100317
      Avatar
      schrieb am 20.03.10 20:05:05
      Beitrag Nr. 32 ()
      Antwort auf Beitrag Nr.: 39.163.632 von donnerpower am 17.03.10 21:35:47Hallo,

      Dann erkläre uns dochmal warum dieser Wert bei eigentlich freundlichem Börsenumfeld nicht von der Stelle kommt ?

      PS. Derzeit werde ich von Empfehlungen zum Kauf von Kohleminen buchstäblich bombardiert , das scheint die die neue durchs Dorf zu treibende Sau zu sein !
      Avatar
      schrieb am 21.03.10 02:50:08
      Beitrag Nr. 33 ()
      Antwort auf Beitrag Nr.: 39.184.349 von ernestokg am 20.03.10 20:05:05
      Wenn Du keine Unterschiede zwischen Unternehmen machst &alles in einen Topf wirfst, nur weil im gleichen Sektor tätig, dann ist das Deine Schuld. Kann ich mich überhaupt nicht mit identifizieren, aber wird ja wohl recht wild praktiziert(dann sollte man sich aber auch mal fragen, warum man überhaupt an der Börse anlegt).

      Gruß
      Popeye
      Avatar
      schrieb am 21.03.10 13:52:27
      Beitrag Nr. 34 ()
      Antwort auf Beitrag Nr.: 39.184.349 von ernestokg am 20.03.10 20:05:05Dann erkläre uns dochmal warum dieser Wert bei eigentlich freundlichem Börsenumfeld nicht von der Stelle kommt ?



      Die Erklärung findest du darin warum dieser Wert in den letzten 2jahren 2008/2009 wo durch die Wirtschaftskrise fast alle Kohle Firmen zwischen 60-80% eingebrochen sind..Churchill M. verschont worden ist und im Gegenteil die Shares sogar zugelegt haben !Einmalig in der Branche, aber natürlich auch mit einem Hintergrund ;)
      Avatar
      schrieb am 21.03.10 13:57:08
      Beitrag Nr. 35 ()
      Antwort auf Beitrag Nr.: 39.184.764 von Popeye82 am 21.03.10 02:50:08@Popeye82

      Wann meinst de wird Churchill die Machbarkeitsstudie veröffentlichen...gesagt wurde Ende Q2...jetzt dürfte wohl erst mal der Halbjahresreport folgen..zeitlich gesehen immer Ende März
      Avatar
      schrieb am 21.03.10 15:32:08
      Beitrag Nr. 36 ()
      Antwort auf Beitrag Nr.: 39.185.526 von donnerpower am 21.03.10 13:52:27also, das kann ich so nicht gelten lassen, viele kohlewerte haben
      sich in den letzten monaten verdoppelt, z.b. strait asia resources
      oder mcarthur u.s.w., irgend wie hat donni mal wieder auf das
      falsche pferd gesetzt, denn für cm sehe ich erst mal kein wachstum
      allein schon das listing in london ist ein negativer factor, das
      sieht man auch bei anderen in london gelisteten aktien (z.b.ascot)
      von ccj vom regen in die traufe??? irgendwie schade für donni, hat
      sich immer große mühe gegeben, aber nicht DIE aktie gefunden, was
      natürlich nicht einfach ist und kein vorwurf sein soll, es gehört
      ja auch eine portion glück dazu.
      trotzdem, grüne wochen an alle investierten, chinagerd
      Avatar
      schrieb am 21.03.10 16:34:56
      Beitrag Nr. 37 ()
      Antwort auf Beitrag Nr.: 39.185.733 von chinagerd am 21.03.10 15:32:08Sag mal was für ein Müll postet du hier,entschuldige bitte diesen Ton...aber hast du meine Postings übewerhaupt durch richtig durchgelesen ! Wo habe ich behauptet das sich kein Wert erholt hat...gerade bei meinen Werten Western Coal, Puda Coal, Grande Coal usw. weiss ich genau das sich viele Werte mehr als nur verdoppelt haben.


      Dann solch ein unqualifiziertes Postings erschreckt mich schon sehr stark:

      denn für cm sehe ich erst mal kein wachstum
      allein schon das listing in london ist ein negativer factor



      ...hier vergleichen echt einige User Äpfel mit Birnen ohne mal eine Sekunde für dieses Investment zu opfern :O
      Avatar
      schrieb am 21.03.10 16:38:15
      Beitrag Nr. 38 ()
      Antwort auf Beitrag Nr.: 39.185.526 von donnerpower am 21.03.10 13:52:27aber natürlich auch mit einem Hintergrund

      Macht bitte eure Hausaufgaben wenn jemand hier seine Einschätzungen abgebenden will !:kiss:
      Avatar
      schrieb am 21.03.10 16:51:45
      Beitrag Nr. 39 ()
      Nochmal für einige wirklich ernsthaft Interessierte...;)


      Churchill Mining to release feasibility study at Indonesian prospect

      Churchill Mining (LON:CHL), together with their partners, the Ridlatama Group, released today an update on the East Kutai Coal Project in Indonesia.

      Churchill’s aim is to leverage off the growth currently being experienced in China and India and in particular their appetite for raw materials used as feedstock in their burgeoning energy and steel industries. Churchill’s growth plan quickly accelerated in 2007-2008 following the discovery of a very large thermal coal deposit (Churchill 75% owner) in the East Kutai Regency of Kalimantan, Indonesia. Churchill and Ridlatama are collectively developing the Indonesian prospect with a JORC mining reserve of 956 million tonnes of coal. To date more than 3.18 billion tonnes of coal has been drilled to JORC standard and the project area explored only represents 20% of the Company’s total land holding in the Regency.

      Churchill today announced that it expects to complete the feasibility study at the prospect in Q2 2010. Once this is complete, the company will release a comprehensive RNS statement of the results and implications.

      In September 2009, the company revealed they had been approached by several parties wishing to acquire specific projects under the Churchill umbrella. These non binding approached are reportedly still under review, as the company continue to assess its options with regard to funding and commercial alternatives at the East Kutai Coal Project.

      Apart from its thermal coal interests, Churchill also has a significant investment in gas via its Sendawar (Churchill 70%) Coal Bed Methane project, also located in Kalimantan. In 2007, Churchill, along with its minority Indonesian partner, was granted the first CBM licence awarded in Indonesia. Churchill also retains an exposure to the manganese sector via its 28.8% shareholding in ASX-listed explorer Spitfire Resources Limited. Spitfire is exploring the South Woodie Woodie project in Western Australia.


      http://www.stockopedia.co.uk/article/view/37882/churchill-mi…
      Avatar
      schrieb am 21.03.10 17:04:57
      Beitrag Nr. 40 ()
      Warten wir als erst mal die Studie ab...dann werden wir sehen wie realistisch es sein wird das sich Churchill ab 2011 zum namhaften Kohle Produzenten entwickeln wird .
      Avatar
      schrieb am 21.03.10 21:47:26
      Beitrag Nr. 41 ()
      Wie siehst du die ENtwicklung von Churchill in den nächsten Monaten?

      Gruß Ric

      Kann mich noch nicht richtig anfreunden mit Churchill
      Avatar
      schrieb am 22.03.10 08:20:36
      Beitrag Nr. 42 ()
      Antwort auf Beitrag Nr.: 39.184.764 von Popeye82 am 21.03.10 02:50:08Hi,
      Werfe nicht alles in einen Topf ! Bin schon ein wenig in China Energy investiert. Da ich im Januar mich von einigen Gold-Aktien trennte suchte ich nach weiteren Anlegemöglichkeiten im konvent. Energiesektor, Chrchill hat mich aber bislang nicht überzeugt !
      Avatar
      schrieb am 22.03.10 11:48:51
      Beitrag Nr. 43 ()
      Antwort auf Beitrag Nr.: 39.187.411 von ernestokg am 22.03.10 08:20:36Hoffe natürlich, daß ich durch den Kursverlauf eines besseren belehrt werde, wann ich einsteigen werde habe ich ja bereits dargelegt !
      Avatar
      schrieb am 22.03.10 17:59:27
      Beitrag Nr. 44 ()
      Antwort auf Beitrag Nr.: 39.187.411 von ernestokg am 22.03.10 08:20:36China energy recovery??

      Bin ich auch investiert!!

      Falls ja schreib mal im Tread
      Avatar
      schrieb am 29.03.10 21:54:37
      Beitrag Nr. 45 ()
      Churchill Mining’s East Kutai coal project gathers momentum in H1

      In ist first-half results statement, Churchill Mining (AIM: CHL) said the development of its world-class East Kutai coal project (EKCP) in Indonesia continues to gather momentum. During the six months ended 31 December 2009, the company completed a maiden in-situ mining reserve of almost one billion tonnes of thermal coal and completed the project’s initial feasibility study.

      The company has made significant progress with the EKCP, and it is rapidly approaching a crossroads in its development cycle. Churchill said it is still evaluating how best to generate value for shareholders, and it is considering its options including the sale of the project and/or the company, the development of EKCP as a joint venture, or financing and developing the EKCP itself.

      “EKCP is a world-class opportunity and since acquiring a 75% interest in the project in 2007, we have been actively defining a large-scale sub-bituminous thermal coal resource which we believe will be extremely attractive to end-users of thermal coal, particularly in India and China”, chairman David F Quinlivan sommented .

      A JORC reserve report was completed by SMG Consultants in October 2009, defining an initial JORC probable In-situ Reserve of 956 million tonnes of thermal coal. Churchill said that this significant achievement provides a strong platform, and the increasing confidence in the resource base enables the company to assess and negotiate strategic opportunities with a strengthened position.

      The feasibility study identified the potential to for estimated annual production rate of 20 million tonnes per annum. According to Churchill the initial results from the study have been very encouraging, and it has subsequently been carrying out a detailed assessment on project economics and development requirements. This feasibility review is expected to complete in the second quarter of 2010.

      In the meantime, Churchill is continuing to advance the project by putting key infrastructure items such as the mine stockyard, overland conveyor, port/ship-loader and power station out to tender. The company said that, to date, the bids received have been well under predicted costs due to the resurgence in global manufacturing and engineering capabilities following the global financial crisis.

      The project construction work at EKCP is expected to take approximately two years to complete.

      “With this timeframe in mind, we have commenced the application process for necessary licences and permits with the relevant Central, Provincial and Regional Indonesian Governments and will be working diligently with these agencies to ensure that approvals are progressed as rapidly as possible”, Churchill stated.

      Furthermore, Churchill continues to assess marketing and off-take possibilities for EKCP coal, with the company’s representatives recently visiting 17 companies on India's East Coast to discuss the project and potential off-take agreements.

      The company said that the trip was very successful and the company is highly encouraged by the growth profile of future Indian coal demand, Churchill said. According to Churchill, it was established during the trip, that India will need a minimum of 100 million tonnes per annum of new EKCP-styled coal to meet expected future energy needs.

      For the first-half to end-December 2009, Churchill reported a loss of US$3m, narrowed from US$13.8m in the previous first half, a period when it booked a US$5.7 impairment charge and had significantly higher administration costs. The company said that this is inline with its expectations as a mining company in the pre-production phase.

      In a note on Churchill’s results and the demand for properties like EKCP, Astaire Securities commented that whilst the loss was above its forecast of US$2.1m, given the stage of the project’s development, it is neither surprised nor concerned about this result.

      The broker expects Churchill’s costs to be relatively subdued for the next quarter, whilst it finalises the economic modelling and comes to a decision on whether it is going to develop or divest the property. Additionally, Astaire Securities noted that since the start of the year, there has been a noticeable increase in the level of activity from Chinese and Indian parties wishing to acquire thermal coal properties.

      In respect of its other activities, Churchill said it continues to evaluate development options for its Sendawar Coal Bed Methane Project in East Kalimantan, including joint venture discussions with a number of interested parties. While the development of the EKCP is the key focus of attention, it will continue to assess options to add value and diversification through Sendawar, Churchill stated.


      http://proactiveinvestors.co.uk/companies/news/14985/churchi…
      Avatar
      schrieb am 01.04.10 17:55:47
      Beitrag Nr. 46 ()
      Antwort auf Beitrag Nr.: 39.188.781 von ernestokg am 22.03.10 11:48:51;)

      Avatar
      schrieb am 01.04.10 18:19:23
      Beitrag Nr. 47 ()
      Antwort auf Beitrag Nr.: 39.265.037 von donnerpower am 01.04.10 17:55:47Danke für den Hinweis, habe schon heute morgen in London kaufen lassen !
      Avatar
      schrieb am 01.04.10 18:24:39
      Beitrag Nr. 48 ()
      Antwort auf Beitrag Nr.: 39.265.267 von ernestokg am 01.04.10 18:19:23Sollte vom Ziel auch nur 50% erreicht werden...wäre dies schon eine feine sache...also erstmal "Long" :cool:

      The feasibility study identified the potential to for estimated annual production rate of 20 million tonnes per annum. According to Churchill the initial results from the study have been very encouraging, and it has subsequently been carrying out a detailed assessment on project economics and development requirements. This feasibility review is expected to complete in the second quarter of 2010.
      Avatar
      schrieb am 04.04.10 18:55:25
      Beitrag Nr. 49 ()
      Asia Coal-Prices hover above $95, Chinese interests supports
      Thu Apr 1, 2010 12:02pm IST

      By Fayen Wong PERTH, April 1 (Reuters) - Australia's thermal coal price,
      a benchmark for Asia, was little changed from last week at
      above $95 a tonne on Thursday, supported by renewed demand from
      China as its domestic coal prices edged up. Spot thermal coal prices in Qinhuangdao, China's top coal
      port, edged higher from a week earlier, as demand rose in
      southern provinces where a drought has caused shortfalls in
      hydropower supply. [ID:nTOE62U04M] Higher Chinese prices mean some Indonesian imports could
      now be competitive on a landed basis, spurring fresh buying
      interest. "Some of the Chinese utilities in the south are looking for
      opportunities to buy Indonesian coal. But they are not looking
      to buy big volumes, just a couple of panamax-sized shipments on
      a spot basis,"
      said a Singapore-based trader. Thermal coal prices on the globalCOAL Newcastle weekly
      index slipped nine cents from a week ago to $95.12 a tonne
      free-on-board (FOB) Australia's Newcastle port on Thursday. The exchange platform saw one May-loading Australian cargo
      traded at $95 a tonne, while four small parcels of
      June-delivery shipments were traded between $92.50 and $93.50 a
      tonne. Although Australian producers have not received many
      enquiries from Chinese buyers, supply remains tight due to
      recent disruption to rail services at Newcastle port and other
      weather-related disruption in Queensland. Faced with limits on export capacity, producers were also
      opting to ship out more steel-making coal instead of thermal
      material, as the metallurgical coal was able to fetch much
      higher prices. Traders and producers said demand was fairly tepid
      elsewhere in Asia, with Japanese utilities well stocked and
      many South Korean utilities having turned to tenders to meet
      their second-quarter supply needs. Turned off by high Australian prices and shipment delays,
      all five South Korean utilities have begun to seek both
      short-term and long-term supplies from further afield, such as
      Colombia and South Africa. Korea East West Power Co Ltd has awarded its term and spot
      tenders, closed earlier this month, by diversifying origins to
      Australia, Columbia, Indonesia, South Africa and the United
      States, a company source said. [ID:nTOE62M05Z] The joint tender held by four other South Korean utilities
      to seek 1.13 million tonnes of South African coal has also seen
      strong response, with the power firms getting offers for over
      three times the amount of coal they were after. [ID:nTOE62U05M] On contract talks, trade sources said there has been little
      progress between Xstrata and Japanese utilities on 2010 price
      discussions. Xstrata has proposed to sell 2010 supplies at $100
      a tonne, but Japanese utilities are still biding their time.
      (Editing by Michael Urquhart)

      http://in.reuters.com/article/domesticNews/idINSGE63007E2010…" target="_blank" rel="nofollow ugc noopener">
      http://in.reuters.com/article/domesticNews/idINSGE63007E2010…
      Avatar
      schrieb am 08.04.10 22:50:02
      Beitrag Nr. 50 ()
      Info:

      Heute am 8.04.2010 wurde in London kurzzeitig mit einem Kurs von 127,333BPC ein Neus Allzeithoch bei Churchill Mining erreicht !






      Wenn man überlegt das Churchill Mining immer noch in Startlöschern steht...:rolleyes:
      Avatar
      schrieb am 12.04.10 16:39:17
      Beitrag Nr. 51 ()
      Antwort auf Beitrag Nr.: 39.298.690 von donnerpower am 08.04.10 22:50:02heute mit 134,75 schon wieder eins ! p
      Avatar
      schrieb am 13.04.10 20:10:29
      Beitrag Nr. 52 ()
      Antwort auf Beitrag Nr.: 39.316.214 von ernestokg am 12.04.10 16:39:17146,50 ;)
      Avatar
      schrieb am 14.04.10 20:13:11
      Beitrag Nr. 53 ()
      Avatar
      schrieb am 19.04.10 12:39:53
      Beitrag Nr. 54 ()
      Churchill Appoints Credit Suisse as Strategic Advisor - Apr 19, 2010
      www.churchillmining.com/library/file/CHL RNS CS 19 Apr.pdf

      "Churchill Mining Plc (AIM: CHL) is pleased to announce the appointment of Credit Suisse as a strategic advisor to Churchill with regard to the development of the East Kutai Coal Project. The
      East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 956 million tonnes and a JORC Mining Resource of 2.481 billion tonnes.

      Churchill and its Indonesian partner, the Ridlatama Group, are currently progressing with the development of the East Kutai Coal Project. The East Kutai Coal Project is planned as a 20 million tonnes per annum operation, positioning Churchill to become a major exporter of thermal coal to meet the growing demands of the expanding Asian energy market.

      Credit Suisse will work with Churchill to complete a strategic review process, which will evaluate the various options for financing the development of the East Kutai Coal Project, including the development of the project with a joint venture partner or the conclusion of a longterm offtake arrangement. Having completed over $13 billion of Indonesia-related coal
      transactions in the last five years, Credit Suisse is considered the pre-eminent international investment bank in the Indonesia coal space.



      Churchill Mining CEO Paul Mazak commented:

      “We are pleased to have retained Credit Suisse as a strategic advisor to Churchill. As the market-leading investment bank to the coal sector in Indonesia, working with leading companies such as PT Bumi Resources, IndoCoal, Adaro Energy and others, Credit Suisse brings a vast amount of experience and expertise to procure the financing for the development of the East Kutai Coal Project.


      Credit Suisse Investment Banking Head of Mining, South East Asia, Alberto Migliucci commented:

      “Credit Suisse is excited about working with Churchill to maximize the interest that a substantial resource such as the East Kutai Coal Project deserves. Strong energy demand growth throughout
      Asia, particularly India and China, coupled with regional shortages in power generation capabilities, creates a positive environment for large scale projects such as the East Kutai Coal
      Project. Credit Suisse looks forward to working with Churchill to determine the best approach for the development of the East Kutai Coal Project.”

      END "
      Avatar
      schrieb am 22.04.10 21:41:42
      Beitrag Nr. 55 ()
      Churchill Mining Signs Up Credit Suisse To Help It Cut A Deal On The East Kutai Coal Project In Indonesia - MS - Apr 21, 2010

      - By Alastair Ford -
      www.minesite.com/nc/minews/singlenews/article/churchill-mini…

      "Churchill Mining’s Paul Mazak’s not always an easy man to track down. That’s not because he’s away with the fairies or off gallivanting in remote parts of up-country Kalimantan in Indonesia, where Churchill’s East Kutai coal project is located. Rather, it’s because the Indonesian phone system seems to be in a perpetual state of teenaged angst, either throwing fits, or else disappearing for days at a time without explanation or so much as a by-your-leave. But Paul does his best to make up for the petulant phone networks – he has three phone numbers, skype, text, and email, and perhaps more to the point, he seems to work twenty five hours in the day.

      Perhaps it would be an exaggeration to say that he lives, thinks, and breathes Churchill Mining, but it certainly would be true to say that he spends most of his waking hours working on it, as Minesite’s sometimes successful efforts to communicate with him in the evenings and at weekends can bear witness to. In a way that most people only invoke as a cliché for their CVs, Paul really is passionate about Churchill. And it shows through, time and again, in the way he presents the company.

      Sometimes it’s an uphill struggle, though. The company’s most recent announcement, that Credit Suisse will come on board to arrange whatever kind of deal eventually gets done on East Kutai, initially met a mixed reception. “What about Pala?” one or two people asked. Pala, a Swiss-based private equity group with extensive interest in commodities, remains Churchill’s cornerstone investor.

      But, as Paul patiently explains, Pala was only ever brought on board to ensure that whatever deal was done with East Kutai was done in the most tax efficient way, under the most effective corporate structure. So, there’s no conflict here. Rather, what we’re witnessing is the beginnings of the alignment of several very bright stars in the resources space, all over East Kutai.

      A quick look at Credit Suisse’s credentials in the space makes for very encouraging reading, and also raises an interesting question, or two. Why would the number one player in financing Indonesia’s coal sector, a company that has raised US$13 billion for Indonesian coal projects, be taking an interest in Churchill?

      After all, even after Churchill announced that it was the subject of at least three expressions of interest last September, the company is still only capitalised at £100 million or so. No doubt Credit Suisse will take a cut on any deal that’s done, but given that one of its most recent deals was worth US$1.4 billion, this is not a group of people who get involved in small potatoes.

      Now, for a small company, East Kutai is plenty big enough, with a JORC-standard mining reserve of just under a billion tonnes, and resources of over 2.4 billion more. But there may yet be much more to add, and not just in the immediate vicinity of the current JORC tonnes, given that the total ground covered by the East Kutai licences amounts to 775 square kilometres. And it’s worth bearing in mind that it wasn’t Churchill that went cap in hand to Credit Suisse.

      On the contrary, Churchill held what Paul Mazak calls “our own competitive process” to select the right dealmaker for East Kutai. He’s well pleased that Credit Suisse came out on top, but if they weren’t the best in the business, they wouldn’t be on board at East Kutai. But that they were interested at all clearly bodes well for East Kutai.

      All of which means that Churchill looks well positioned to start moving forward again. The company’s had a feasibility study in the bag since the end of last year, and has already announced some of the preliminary findings. The idea is that East Kutai will become a 20 tonnes per year operation, and that construction will begin this year. Tenders have already gone out. However, Paul explains that the full details of the study have been withheld to give Credit Suisse a chance to present a preliminary version to some of East Kutai’s more serious suitors.

      And in the breathing space offered by the negotiations the Credit Suisse negotiations, Churchill has been able to do its own internal review. So when it finally does come out, it should be an exceptionally fine-tuned version. On a broader view, newsflow may start to accelerate too, now that the appointment of Credit Suisse is out in the open. Expect rapid progress on a number of fronts.
      "
      Avatar
      schrieb am 23.04.10 10:56:51
      Beitrag Nr. 56 ()
      Antwort auf Beitrag Nr.: 39.387.226 von Popeye82 am 22.04.10 21:41:42:lick:


      Wednesday, April 21, 2010

      Churchill Mining secures a big partner for a big project

      Churchill Mining (AIM: CHL) appointing Credit Suisse as strategic advisor with regard to the development of the East Kutai coal project in Indonesia may have come as a big surprise to many market watchers. After all, the Zurich-based group is a major player in the Indonesian market and has been involved in some massive deals involving coal assets in the country – and Churchill’s current market capitalisation of just above £100 mln do not put it amongst the largest fish in the pond.

      Nevertheless, managing director Paul Mazak, while appreciating that some may be surprised by Churchill bringing this massive player to the table, is adamant that Credit Suisse has good reasons to be attracted to the group: “They agreed because of the quality of Churchill’s assets.”
      The East Kutai coal project currently which has a JORC compliant reserve of 956 million tonnes of thermal coal and resources of 2.481 billion tonnes, is planned as a 20 million tonnes per annum operation. The appointment of Credit Suisse as strategic advisor, announced earlier this week, should help turn Churchill into a major exporter of thermal coal to the expanding Asian energy market.

      Credit Suisse will work with Churchill to complete a strategic review process, evaluating options for financing the project, which will include the development of East Kutai with a joint venture partner or the conclusion of a long-term off-take agreement.

      Back in October 2009 Churchill appointed Pala investments as a strategic advisor. Pala’s objective was too to assess the company's structure with a view towards increasing its operational and capital-raising flexibility and maximising tax efficiency. Pala’s job is now almost done and Churchill is shifting into a higher gear.

      There has been plenty of interest in East Kutai in the past few months. Mazak said the group has been inundated with proposals for its flagship project, and to streamline this process, Churchill put out to tender the position for a strategic advisor for the development of East Kutai and was approached by 9 investments banks. Enter Credit Suisse, which emerged as the leading candidate through its exceptional expertise in the Indonesian energy markets and impressive track record. “We wanted an outside firm with a good reputation – and we got it,” the MD said. However he would not be drawn on commenting market speculation that Credit Suisse has agreed only to be paid on a success basis.

      Churchill calls Credit Suisse the “market-leading investment bank to the coal sector in Indonesia, working with leading companies such as PT Bumi Resources, IndoCoal, Adaro Energy and others.”

      In 2009 alone, the bank acted as sole or joint bookrunner or sole arranger for US$1 billion worth of bond and loan offerings for PT Bumi in four deals and was sole arranger of a US$800 million bond offering for Adaro. It also arranged and advised on a number of loans and acquisitions for resource companies active in Indonesia. In all Credit Suisse has completed over US$13 billion of Indonesia-related coal transactions over the past five years.

      Along with the current group of potential investors and JV partners that Churchill has been working with, Credit Suisse will start an open invitation process, funnelling down potential candidates through the different stages, and in the process create competitive tension to help provide the best deal for Churchill shareholders. As interested parties move through this filtration process they will be privileged to more data on the internal economics. Releasing more detailed information on the internal economics is something some UK brokers have criticised Churchill for but in a competitive bidding situation it is in the interest of shareholders to negotiate the best deal.

      Credit Suisse with its exceptional reputation and financial clout is in a position to advise both Churchill and the buyers on any transactions.

      In the meantime, Churchill is continuing to advance the project by putting key infrastructure items such as the mine stockyard, overland conveyor, port/ship-loader and power station out to tender. The company said that, to date, the bids received have been well under predicted costs due to the resurgence in global manufacturing and engineering capabilities following the global financial crisis.

      The project construction work at East Kutai is expected to take approximately two years to complete.

      The company is looking to capitalise on the growing Asian demand. According to Churchill, India will need a minimum of 100 million tonnes per annum of new EKCP-styled coal to meet expected future energy needs. The company’s representatives have recently visited 17 companies on India's East Coast to discuss the project and potential off-take agreements.


      http://www.proactiveinvestors.com/companies/news/5462/church…
      Avatar
      schrieb am 26.04.10 22:37:49
      Beitrag Nr. 57 ()
      der 1ste MOU über eine mögliche Abnahme der geplanten Förderung(bis zu 25% von eigentlich(!) geplanten 20Mtpa, wovon gesamt akt. 75% auf Churchill zurückgehen) liegt vor. Ist ein staatseigenes Unternehmen &jetzt ist es wohl so, dass die 5Mtpa nochmals zusätzlich zum angedachten Förderszenario dazukommen -also Ziel dürften jetzt, wenn es denn zu einem Abschluss kommt, 25Mtpa sein(riecht mir etwas danach, als ob sie die Gesamt Wirtschaftlichkeitsdaten nochmal etwas aufbessern wollten). Die Kohle "Aufwertungs Optionen" werden weiterhin getestet &da scheint es aktuell nicht schlecht auszusehen. Wenn die zufriedenstellend verlaufen sollten, wird der MOU Partner eine 1ste Anlage mit 0.25Mtpa Kapazität zu Selbstkosten aufbauen, die dann auf 5Mtpa Kapazität erweitert werden sollen. Interessant scheint zu sein, dass es wohl auch zu Ihrer Philosophie gehört, als eine "Komponente" Ihren Partnern auch Kapital bereitzustellen(hier habe ich jetzt keine richtige Ahnung in welchem Ausmasse man sich das vorstellen kann -oder ob es sich vielleicht auch nur auf die "Upgrading Anlagen" bezieht(das Statement vom M.D. hört sich da anders, umfassender, an -wärenatürlich schön, dass als Option zu haben)Was mir noch nicht uninteressant scheint, wenn man das mal ein bisschen weiterspinnt/pure Spekulation, dann könnte Deren allgemeine Ausrichtung IMO relativ direkt mit den nationalen Interessen verbunden sein, fehlen mir die Hintergründe dazu). Auf jeden Fall dürfte es, speziell in den nicht allersichersten Regionen, nicht verkehrt sein eine Regierungsorganisation so direkt oder indirekt mit involviert zu haben. Zusätzlich würden sie damit wohl auch die gesetzliche Mindestquote erfüllen, was den Anteil angeht, der mindestens an den heimischen Markt geliefert werden muss(dürften also max. 20% sein, war mir dieser Quote hier bisher gar nicht bewusst). Mal schauen ob es zu einem Abschluss kommt:

      Memorandum of Understanding signed with PLN subsidiary - Apr 26, 2010
      www.londonstockexchange.com/exchang.....l?announcementId=104…

      "Churchill Mining Plc (AIM: CHL) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with a subsidiary of PT. Perusahaan Listrik Negara (PLN), the Indonesian state electricity firm. Under the MOU, PLN-Batubara (PLN-B) will review the purchase of up to five million tonnes per annum (5Mtpa) of coal from Churchill. This additional coal production would be over and above the 20Mtpa already planned for mining in the northern area the project, significantly increasing Churchill's forecast coal sales.

      A Joint Study Group will be established to focus on the use of the PLN's coal drying and enhancement technology ("Licol") for use with coal from the East Kutai Coal Project. Initial testing on Churchill's coal with the Licol process has already successfully upgraded Churchill's sub-bituminous coal to coal with bituminous characteristics, increasing its value.

      Upon successful conclusion of the review, PLN-B would build an initial commercial Licol coal enhancement plant module of 250,000tpa at its cost, to be followed by additional modules to enable the production of up to 5Mtpa of enhanced coal.

      The MOU with PLN-B is part of the PLN's plans to enter into strategic arrangements to assist the owners of coal concessions to develop their projects, as stated by the President Director of the PLN, Mr. Dahlan Iskan, "We offer direct partnerships to develop coal concessions. In this venture PLN will provide capital expenditure and royalties to [mining rights] owners."


      The current plan for production at the East Kutai Coal Project is for a 20Mtpa mining operation from the 400Mt of JORC Reserve in the planned northern pit. The other 600Mt of Churchill's 1 Billion Mt JORC Reserve is located in the planned central and southern pits. Coal supply to PLN-B would come from the southern pit.


      Churchill Mining M.D. Paul G. Mazak commented:

      "We are extremely pleased to have signed an MOU with PLN-B. We view PLN as a very valuable government partner in Indonesia. Additionally, this provides Churchill with an opportunity to significantly scale up production plans at the East Kutai Coal Project by a further 5Mtpa, building on our plans to produce 20Mpta. Importantly, a supply agreement with PLN-B would also mean that Churchill would achieve its Domestic Market Obligation to supply coal into the Indonesian m
      arket."

      "This represents a considerable opportunity for Churchill, as the Company seeks to assess strategic opportunities to move forward with its EKCP project and fast track development." "
      Avatar
      schrieb am 28.04.10 05:58:42
      Beitrag Nr. 58 ()
      zum neuen, potenziellen, Partner. Sie scheinen auf immense Quantitäten angewiesen zu sein, seit Sep ´08 gezielt eine Unterabteilung dafür eingerichtet -wäre mal interessant zu wissen, wie groß denn Deren "benötigtes Gap" nun noch ist:

      PLN seeking partners to develop coal mines - Jakarta Post - Apr 19, 2010
      www.thejakartapost.com/news/2010/04/19/pln-seeking-partners-…

      "In a bid to secure coal supplies, PLN plans to work directly with the coal concession owners to develop untapped reserves, PLN president director Dahlan Iskan said Sunday.


      In September 2008, PLN established the subsidiary PT PLN Batubara, aiming to acquire coal mines to ensure supply its power plants, but Dahlan Iskan said the subsidiary had encountered difficulties in securing coal concessions.

      “It was too late for us to own coal mines ... Based on our observations over the past three months, all coal concessions have been assigned to other local and foreign businesses. It is also not easy for us to get mining rights [KP] because we have no resources to bribe [officials], :eek: :eek: ” Dahlan said in an emailed statement.


      In a bid to reduce PLN’s high dependence on other coal suppliers, the company thus sought to work with coal mine owners whose concessions had not been explored yet. “We offer direct partnerships to develop their concessions. In this venture, PLN will provide capital expenditure and royalties to KP owners,” Dahlan said.

      “PLN will open a tender soon. Those offering the best royalties will win the contracts,” he said. Dahlan said PLN now was preparing the specifications for the tender, including requirements for coal volume, moisture and calorie values.


      Coal has been one of major sources of energy for PLN’s power plants, especially after the launching of the first 10,000 MW fast-track project, whose power plants are all fired by coal.

      PLN’s primary energy director, Nur Pamudji, said 45 percent of power produced by PLN was generated using coal. PLN would need about 30 million tons coal this year, up from about 22 million tons a year earlier, he said.

      PLN’s coal demand is expected to further increase to 38 million tons in 2011, as more power plants under the first phase of the program will start operating.


      On March 23, PLN secured another coal supply contract for the fast-track program’s power plants. Five suppliers (PT Bina Insan Sukses Mandiri and PT Tiramana; a consortia of PT Energi Batubara Lestari and PT Batara Batari Sinergy Nusantara; PT Anzawara Satria; a consortia of PT Selatan Selabara and PT Fajar Visikalam, and a consortia of CV Karya Banua and PT Daya Bambu Sejahtera) have agreed to supply a total of 2.7 million tons coal a year for 20 years.

      The coal will be supplied for the fast-track program’s power plants outside Java Island, for example the Pangkalan Susu plant in North Sumatra, the Asam-asam plant in South Kalimantan and the Selat Panjang plant in Riau. PLN will also need more coal for the second phase of the 10,000 MW fast track program, implemented between 2010 and 2014.

      Dahlan said the new scheme cooperation offered by PLN would benefit coal miners as well. “PLN will provide big market for long time period,” he said. "
      Avatar
      schrieb am 28.04.10 19:30:05
      Beitrag Nr. 59 ()
      Antwort auf Beitrag Nr.: 39.413.597 von Popeye82 am 28.04.10 05:58:42Nicht schlecht...:rolleyes:
      Avatar
      schrieb am 28.04.10 19:55:21
      Beitrag Nr. 60 ()
      Antwort auf Beitrag Nr.: 39.413.597 von Popeye82 am 28.04.10 05:58:42Churchill Mining wins state firm for potential off-take and coal enhancement plant for East Kutai




      Churchill Mining (AIM: CHL) has made a further step in developing its flagship East Kutai coal project in Indonesia, having signed an MOU with a state firm aimed at establishing a coal enhancement plant on Churchill’s property and securing an additional off-take for 5 million tonnes per annum (Mtpa).

      Shares in the group rose more than 10 percent in early deals on the news.

      The deal was signed with PLN-Batubara (PLN-B), a subsidiary of Indonesian state electricity firm PT Perusahaan Listrik Negara (PLN). Under the MOU, PLN-B will review the purchase of up to 5Mtpa of coal from Churchill. This additional coal production would be over and above the 20Mtpa already planned for mining in the northern area the project, significantly increasing Churchill's forecast coal sales.

      The partners will establish a joint study group to focus on the use of the PLN's coal drying and enhancement technology (Licol) for use with coal from East Kutai. Initial testing on Churchill's coal with the Licol process has already successfully upgraded Churchill's sub-bituminous coal to coal with bituminous characteristics, increasing its value.

      Upon successful conclusion of the review, PLN-B would build an initial commercial Licol coal enhancement plant module of 250,000tpa at its cost, to be followed by additional modules to enable the production of up to 5Mtpa of enhanced coal.

      The project is currently making good progress. Only last week Churchill appointed Credit Suisse as strategic advisor with regard to the development of East Kutai. The Zurich-based group is a major player in the Indonesian market and has been involved in some massive deals involving coal assets in the country. The appointment should help turn Churchill into a major exporter of thermal coal to the expanding Asian energy market.

      Credit Suisse will work with Churchill to complete a strategic review process, evaluating options for financing the project, which will include the development of East Kutai with a joint venture partner or the conclusion of a long-term off-take agreement.

      The MOU with PLN-B is part of the PLN's plans to enter into strategic arrangements to assist the owners of coal concessions to develop their projects, as stated by the President Director of the PLN, Dahlan Iskan|: "We offer direct partnerships to develop coal concessions. In this venture PLN will provide capital expenditure and royalties to [mining rights] owners."

      The current plan for production at the East Kutai coal project is for a 20Mtpa mining operation from the 400Mt of JORC Reserve in the planned northern pit. The other 600Mt of Churchill's nearly 1 billion tonnes JORC Reserve is located in the planned central and southern pits. Coal supply to PLN-B would come from the southern pit.

      Churchill managing director Paul Mazak commented: “We view PLN as a very valuable government partner in Indonesia. Additionally, this provides Churchill with an opportunity to significantly scale up production plans at the East Kutai Coal Project by a further 5Mtpa, building on our plans to produce 20Mpta. Importantly, a supply agreement with PLN-B would also mean that Churchill would achieve its Domestic Market Obligation to supply coal into the Indonesian market."

      In its Morning Report, Astaire Securities called the agreement “an important step forward for Churchill, which has an obligation to supply the domestic market”. “Churchill is moving forward with development of the East Kutai Coal Project, with today’s news potentially adding value, and increasing the attractiveness to potential off-take or JV partners, The broker added.

      The East Kutai coal project currently which has a JORC compliant reserve of 956 million tonnes of thermal coal and resources of 2.481 billion tonnes.

      There has been plenty of interest in East Kutai in the past few months. Mazak said last week the group has been inundated with proposals for its flagship project, and to streamline this process, Churchill put out to tender the position for a strategic advisor for the development of East Kutai and was approached by 9 investments banks. Enter Credit Suisse, which emerged as the leading candidate through its exceptional expertise in the Indonesian energy markets and impressive track record.

      Along with the current group of potential investors and JV partners that Churchill has been working with, Credit Suisse will start an open invitation process, funnelling down potential candidates through the different stages, and in the process create competitive tension to help provide the best deal for Churchill shareholders.

      In the meantime, Churchill is continuing to advance the project by putting key infrastructure items such as the mine stockyard, overland conveyor, port/ship-loader and power station out to tender. The company said that, to date, the bids received have been well under predicted costs due to the resurgence in global manufacturing and engineering capabilities following the global financial crisis.

      The project construction work at East Kutai is expected to take approximately two years to complete.

      The company is looking to capitalise on the growing Asian demand. According to Churchill, India will need a minimum of 100 million tonnes per annum of new EKCP-styled coal to meet expected future energy needs. The company’s representatives have recently visited 17 companies on India's East Coast to discuss the project and potential off-take agreements.


      http://proactiveinvestors.co.uk/companies/news/15938/churchi…
      Avatar
      schrieb am 12.05.10 19:54:13
      Beitrag Nr. 61 ()
      scheint eine recht hochkarätige Besetzung zu sein, speziell die neu Beratenden mit scheinbar reichlich Erfahrungen in Regierungspositionen auf höherer Ebene. Langsam verstärken sich die Kontakte zu politischen &Regierungskreisen, gefällt mir ganz gut:

      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 - May 12, 2010
      www.churchillmining.com/library/file/CFO%20and%20Advisory%20…

      "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. ...”
      Avatar
      schrieb am 12.05.10 20:16:44
      Beitrag Nr. 62 ()
      Antwort auf Beitrag Nr.: 39.510.468 von Popeye82 am 12.05.10 19:54:13Der nächste Schritt wäre jetzt das Pala seine Beteiligungen ausbaut...denke wird nur die Frage sein ob sie mehr Anteile angeboten bekommen..Weiteres Geld für den Ausbau der Produktion sollte schon gerne gesehen werden...wenn es hier mal los geht.
      Avatar
      schrieb am 26.05.10 20:07:48
      Beitrag Nr. 63 ()
      Wow..langsam wird es ernst!

      :lick::lick::lick:

      Churchill Mining banks £16.1m for East Kutai

      LONDON (SHARECAST) - Churchill Mining has raised $23.2m (£16.1m) from a placing of shares at 100p each to bankroll the East Kutai coal project in Indonesia at it moves to the development and production phase.

      The offer to institutional investors was oversubscribed and had to be increased to the maximum number of shares allowed under existing authorities.

      Managing director Paul Mazak said Pala Investments have contributed additional funds to maintain their current level of equity in the company, while Advaita Partners, involved in the Indian power industry, upped their stake from 8% to 15%.

      Churchill has also announced an increase in the JORC Mining Reserve to 961 million tones from 956 million last October. The total JORC resource rises to 2.73 billion tones from 2.48 billion



      http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_i…
      Avatar
      schrieb am 28.05.10 11:18:05
      Beitrag Nr. 64 ()
      Antwort auf Beitrag Nr.: 39.588.008 von donnerpower am 26.05.10 20:07:48ja, langsam wird es ernst und zeit zum einstieg:yawn::yawn::yawn:
      Avatar
      schrieb am 28.05.10 16:16:58
      Beitrag Nr. 65 ()
      Antwort auf Beitrag Nr.: 39.598.650 von chinagerd am 28.05.10 11:18:05Und Dank der Griechen noch mal sehr schön zurück gekommen....ein Vorteil muss die Krise ja haben;):cool:
      Avatar
      schrieb am 08.06.10 13:49:41
      Beitrag Nr. 66 ()
      Antwort auf Beitrag Nr.: 39.600.753 von donnerpower am 28.05.10 16:16:58Hallo,

      keiner mehr da......



      INDONESIA – Churchill signs MOU; Churchill Mining has signed a Memorandum of Understanding with a subsidiary of Indonesian state electricity firm PT Perusahaan Listrik Negara (PLN) regarding the possible annual purchase of up to 5 million tonnes of coal - ASIA Miner - Jun10

      http://www.asiaminer.com/magazine/latest/7-indonesia-churchi…

      Gruß
      TimLuca
      Avatar
      schrieb am 08.06.10 18:01:58
      Beitrag Nr. 67 ()
      Antwort auf Beitrag Nr.: 39.648.300 von TimLuca am 08.06.10 13:49:41Doch wir warten, nicht mehr lang dann wird ein großer Schritt nach dem anderen gemacht ;):cool:
      Avatar
      schrieb am 18.06.10 16:11:45
      Beitrag Nr. 68 ()
      Churchill takes direct ownership in the Ridlatama Tambang license area of the East Kutai Coal Project - Jun 18, 2010
      www.churchillmining.com/library/fil.....20June%202010%20Fina…
      Avatar
      schrieb am 19.06.10 11:30:09
      Beitrag Nr. 69 ()
      Antwort auf Beitrag Nr.: 39.705.606 von Popeye82 am 18.06.10 16:11:45The Ridlatama Tambang license area is the larger of the two IUP licenses that make up the East Kutai Coal Project, with a resource of 2.545 billion tonnes, or 93.2% of the 2.730 billion tonne resource of the East Kutai Coal Project. Churchill has also converted to a 75% direct ownership in PT Ridlatama Trade Powerindo, which holds a prospective 5,386 hectare license area adjacent to the Ridlatama Tambang license area, on which no drilling has been done to date.

      Weiteres soll ja in der zweiten Jahreshälfte folgen wenn eine weitere Studie veröffentlicht wird:rolleyes:
      Avatar
      schrieb am 02.07.10 09:31:38
      Beitrag Nr. 70 ()
      Churchill Optimizes East Kutai Coal Project Development and Announces Increase In Planned Production Rate To 35 Million Tonnes Per Annum - Jul 1, 2010
      www.churchillmining.com/library/file/Churchill%20Optimizatio…

      "Churchill Mining PLC (AIM: CHL) and Its Indonesian partners the Ridlatama Group, who jointly own the East Kutai Coal Project in Indonesia, 75% and 25% respectively, announce their intention to increase the project coal production rate by up to 10mtpa to 35mtpa. Coal production from the Northern Pit would increase from 20mtpa to 25-30mtpa and production from the Southern Pit would remain at 5mtpa.

      Churchill’s feasibility and development work has identified that planned mine facilities at the Northern Pit have the capacity to support a mining production rate of 40-45mtpa. In this context, Churchill has executed project optimization studies which show that the overland conveyor, which will transport the coal from the Northern Pit, has an enhanced capacity of 25-30mtpa, an increase of 5-10mtpa. Churchill is now incorporating this additional coal production into the project feasibility study, which it now expects to release during the third quarter of this year.

      In addition to the Northern Pit production, and further to the MOU signed with PT. Perusahaan Listrik Negara (PLN), the Indonesian state electricity firm, in April 2010, Churchill continues to work on plans for the purchase of 5mtpa of coal from the Southern Pit, which would fulfill Churchill’s Indonesian Domestic Market Obligation (“DMO”). PLN is now reviewing the potential to utilize its coal drying and enhancement technology on the project’s coal, which, in testing, upgraded the coal from subbituminous to bituminous, considerably increasing its value.

      Churchill also continues to work closely with its strategic adviser, Credit Suisse, in reviewing development options for the project. The optimized feasibility study will form the platform for Credit Suisse’s work as it evaluates Churchill’s options for the project.

      Churchill’s CEO, Paul Mazak, commented:

      We are delighted with the results of the optimization work performed thus far on this world-class thermal coal project. Our plans to increase production and coal sales by 50% are now being incorporated into the feasibility study and economics. We believe that the significant increase in the production profile will generate considerable additional economic value and further increase the attractiveness of the project for power project developers in Asia.

      END "
      Avatar
      schrieb am 21.07.10 01:36:07
      Beitrag Nr. 71 ()
      Eigentlich nichts neues oder ?

      Churchill Mining takes ownership of Ridlatama Tambang area

      In accordance with Indonesia’s new Mining Law, Churchill Mining has completed the initial stage of its Indonesian restructuring and taken direct ownership of Ridlatama Tambang licence area at its East Kutai Coal Project.

      The Ridlatama Tambang licence area is the larger of two IUP licenses that make up the East Kutai project, with a resource of 2.545 billion tonnes, or 93.2% of the 2.730 billion tonne total resource. Churchill has also converted to a 75% direct ownership in PT Ridlatama Trade Powerindo, which holds a prospective 5386 hectare licence area adjacent to the Ridlatama Tambang licence and on which no drilling has been done to date.

      In January 2009 a new Mining Law came into effect enabling foreign companies to take direct equity ownership in local companies holding mining concessions.

      Prior to the new Mining Law becoming effective, the company held its interest in the East Kutai project through contractual arrangements similar to those typically used by other foreign companies operating in Indonesia.

      Mr Paul Mazak MD of Churchill said that “The new Indonesian Mining Law provides the direct ownership solution that simplifies our Indonesian structure significantly. We have worked closely with our Indonesian partners at the Ridlatama Group and our advisors Hiswara Bunjamin & Tandjung, in association with Herbert Smith LLP, PricewaterhouseCoopers Indonesia and Pala Investments AG, to achieve an excellent outcome consistent with the new Mining Law in Indonesia.”

      He added that “Direct ownership provides us with a considerably higher degree of flexibility over East Kutai which will enable us to accelerate our development program going forward.”

      (Sourced from The Asia Miner)

      http://www.steelguru.com/raw_material_news/Churchill_Mining_…
      Avatar
      schrieb am 26.07.10 11:15:49
      Beitrag Nr. 72 ()
      Antwort auf Beitrag Nr.: 39.852.204 von donnerpower am 21.07.10 01:36:07Dem Kurs nützt es derzeit aber nicht ! Schade das sich auch dieser Wert nicht der China-angst entziehen kann !
      Avatar
      schrieb am 26.07.10 11:19:01
      Beitrag Nr. 73 ()
      Antwort auf Beitrag Nr.: 39.875.308 von ernestokg am 26.07.10 11:15:49Ganz in Ruhe...nach dem nächsten Quartal sollte der Kurs gewaltig nach Norden ziehen.

      Alles nach Plan zur Zeit ;)

      ..nur mein Nachkauf zu 1Euro wird wohl nicht mehr greifen :(
      Avatar
      schrieb am 07.08.10 02:20:04
      Beitrag Nr. 74 ()
      "Indonesia has drafted rules for a two-year ban on permits for forest clearing, to be potentially implemented Jan 2011. Indonesia and Norway recently signed a $1 billion climate deal to cut the rate of deforestation in Indonesia, which is currently more than 1 million hectares of forest per year. If this ban on forestry is applied, it is likely to lead to a more difficult pathway for miners to obtain forest land-use permits and there is speculation existing forest permits could be revoked.

      Within the draft guideline there is a section that states there will be an assessment of the economic impact relating to the program. The headline implication is negative for any miners in Indonesia.
      The program is a plan to reduce carbon emissions and is likely, partly instigated by deforestation related to the Palm oil industry. It appears that both protected and production forest could be under a cease harvesting program. "
      Avatar
      schrieb am 07.08.10 13:30:26
      Beitrag Nr. 75 ()
      Antwort auf Beitrag Nr.: 39.945.918 von Popeye82 am 07.08.10 02:20:04@Popeye82

      Indoesien hat wohl als einzigstes Land der Welt schon alternative energien zur deckung des steigenden energieverbrauch im keller:D

      ...schaun wa mal ob sich das negativ für den Kohle Sektor auswirken wird...Verbrauch(Import) und Export werden hier wahrscheinlich eine höhrere Bedeutung für Churchill Mining bekommen.
      Avatar
      schrieb am 14.08.10 01:48:22
      Beitrag Nr. 76 ()
      Bin gespannt wie die Machbarkeitsstudie aussehen wird...




      Churchill Mining to boost production in East Kutai project

      Churchill Mining intends to increase annual production at the East Kutai Coal Project in East Kalimantan by up to 10 million tonnes to about 35 million tonnes. Churchill and Its Indonesian partners, the Ridlatama Group jointly own the project with 75% and 25% respectively.

      The company said that its annual coal production from the Northern Pit would increase from 20 million tonnes to 25 million to 30 million tones while production from the Southern Pit would remain at 5 million tonne per annum. Feasibility and development work has identified that planned mine facilities at the Northern Pit have the capacity to support an annual mining production rate of 40 million to 45 million tonnes. In this context, Churchill has executed project optimization studies which show that the overland conveyor, which will transport coal from the Northern Pit, has an enhanced capacity of 25 million to 30 million tonnes an increase of 5 million to 10 million tonnes.

      Churchill is now incorporating this additional coal production into the project feasibility study, which it expects to release during the third quarter of 2010. In addition to the Northern Pit production and further to the MOU signed with PT Perusahaan Listrik Negara, the Indonesian electricity firm, in April 2010, Churchill continues to work on plans for the annual purchase of 5 million tonnes of coal from the Southern Pit, which would fulfill Churchill’s Indonesian Domestic Market Obligation. PLN is reviewing the potential to utilize its coal drying and enhancement technology on the project’s coal, which, in testing, upgraded the coal from sub bituminous to bituminous, considerably increasing its value.

      http://www.steelguru.com/raw_material_news/Churchill_Mining_…
      Avatar
      schrieb am 01.09.10 15:38:24
      Beitrag Nr. 77 ()
      Bin gespannt wann es hier bald richtig los geht.....solange der Kohle Preis noch im Keller ist, haben wir ja noch Zeit


      NTPC May Buy Stakes in Indonesian Coal Mines to Help Curb India Blackouts

      By Rakteem Katakey - Aug 30, 2010 2:01 PM GMT+0200
      Email Share
      Business ExchangeTwitterDeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! BuzzPrint NTPC Ltd., Asia’s second-largest power producer by market value, may buy stakes in two coal mines in Indonesia as it seeks access to the fuel to help end blackouts in India.

      The utility is studying two mines in Sumatra and East Kalimantan, which may together have as much as 1.8 billion metric tons of coal resources, Chairman and Managing Director R.S. Sharma told reporters in New Delhi today. The purchase may be completed by March 2011, he said, declining to name the mines.

      Indian energy companies are seeking assets across the world to meet demand for electricity and petroleum products from factories and households in the second-most populous country. State-owned Coal India Ltd., the world’s largest producer, and Tata Power Co. are among companies looking to buy mines overseas.

      “Domestic coal supply may not be able to keep pace with NTPC’s plans to add generation capacity,” said Rupesh Sankhe, a Mumbai-based analyst with Angel Broking Ltd. “That is sending all power companies overseas looking for mines.”

      NTPC would seek a majority stake in the mines, Sharma said, declining to name the current owner. The mine in East Kalimantan may have coal resources of about 1 billion tons and the one in Sumatra about 800 million tons.

      The purchase has been delayed because the coal has high moisture content and NTPC is studying ways to improve the fuel’s quality, including mixing it with dry coal to enhance the potential to generate heat, Sharma said.

      ‘Destination Coal’

      “It is destination coal for us now,” Sharma said today. “We are working all out for that.”

      NTPC’s shares have declined 17 percent this year compared with a 3 percent rise in the benchmark Sensitive Index of the Bombay Stock Exchange. They fell 0.5 percent to 195.40 rupees in Mumbai trading today.

      Reliance Power Ltd., controlled by billionaire Anil Ambani, may invest $5 billion to build a railway and develop coal mines in South Sumatra, Yopie Hidayat, a spokesman for Indonesia’s Vice President Boediono, said in Jakarta Aug. 24. Essar Group bought the Aries coal mines in Kutai region of East Kalimantan in Indonesia which hold as much as 100 million tons of power- station coal, the company said in a statement March 25.

      Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, climbed 3.7 percent to $91.02 a ton in the week ended Aug. 27. That’s a 7 percent increase from $84.75 in the week ended Jan. 1.

      Capital Expenditure

      NTPC plans capital expenditure of as much as 290 billion rupees ($6.2 billion) in the year ending March 2011, including acquisitions, he said, without elaborating.

      The New Delhi-based utility will use part of its $3 billion in cash reserves and also raise debt to fund the purchase of mines in Australia, Indonesia and Mozambique that can supply as much as 10 million tons of coal a year, Sharma had said July 14.

      Coal demand in India, Asia’s third-largest energy consumer, may double from 2008 to 2015 to exceed 1 billion tons, energy consultant Wood Mackenzie said on July 1.

      India’s annual coal output of 535 million tons will fall short of demand from power generators by as much as 80 million tons by next year, Alok Perti, additional secretary in the coal ministry, said July 7. Coal is used to fire more than half of India’s current installed generation capacity, according to the Central Electricity Authority.

      NTPC may burn as much as 165 million tons of the fuel in the year starting April 2011 compared with 155 million tons this fiscal year, Sharma said today. As much as 15 million tons of coal may be imported next year, he said.

      The company has offered “less than 50 percent stake” in a power plant in India’s southern state of Kerala to Qatar Petroleum, the Gulf country’s state-owned energy company, in exchange for gas, Sharma said.

      To contact the reporter on this story: Rakteem Katakey in New Delhi at rkatakey@bloomberg.net


      http://www.bloomberg.com/news/2010-08-30/ntpc-may-buy-stakes…
      Avatar
      schrieb am 04.09.10 06:53:08
      Beitrag Nr. 78 ()
      irgend etwas stimmt mit diesem kurs nicht, z.b. bei finanz.net u.a. 1,27€, wie auch
      immer, endlich mal bewegung, man muss nur mal so richtig motzen bei Don-Coal ,ha,ha,ha.
      :laugh::laugh::laugh::laugh::laugh:
      2 Antworten
      Avatar
      schrieb am 04.09.10 15:21:05
      Beitrag Nr. 79 ()
      Churchill Mining confirms ‘third-party discussions’ over East Kutai Coal Project
      Friday, September 03, 2010 by Jamie Ashcroft

      Churchill Mining (LON:CHL) confirmed that it has held discussions with third parties regarding its East Kutai Coal Project in Indonesia, but “no firm offer has been agreed at this time”.

      In its statement, the company acknowledged recent media speculation, and the recent movement in its share price - which climbed from 92p on Monday 23rd August to trade at 112p this morning.

      Churchill also reminded investors that it hired Credit Suisse in April 2010, to carry-out a strategic review to evaluate the various options for financing the development of the East Kutai Coal Project

      The options being examined include the development of the project with a joint venture partner or the conclusion of a long-term off-take arrangement.

      Churchill Mining said that the strategic review is ongoing, and it will update the market as and when appropriate.


      In July, Churchill announced it plans to raise the coal production rate at East Kutai by up to 10 million tonnes per annum (Mtpa) to 35 Mtpa. Furthermore, Churchill's feasibility and development work has identified that planned mine facilities at the Northern Pit have the capacity to support a mining production rate of 40-45mtpa.

      The East Kutai feasibility study is expected to be released in Q3
      Avatar
      schrieb am 05.09.10 01:23:53
      Beitrag Nr. 80 ()
      Antwort auf Beitrag Nr.: 40.099.864 von chinagerd am 04.09.10 06:53:08
      Aha. Was möchtest Du uns damit sagen?? Enlighte me. ;)

      Gruß
      P.
      1 Antwort
      Avatar
      schrieb am 09.09.10 15:29:22
      Beitrag Nr. 81 ()
      Antwort auf Beitrag Nr.: 40.101.827 von Popeye82 am 05.09.10 01:23:53 25647 von chinagerd 02.09.10 13:38:11 Beitrag Nr.: 40.088.498
      Dieses Posting: versenden | melden

      Folgende Antwort bezieht sich auf Beitrag Nr.: 40.086.896 von donnerpower am 02.09.10 10:00:15
      --------------------------------------------------------------------------------
      hallo Don Coal, hatte dir ja schon mal empfohlen, die sparte zu wechseln, wie waere es
      zur abwechslung mal mit silber?? mit deiner churchill ist auch stillstand ohne ende !!
      nichts fuer ungut, aber denk mal drueber nach. gruß, chinagerd


      Er ist halt verstummt jetzt...seit dem 3.09 hat der Wert nun etwa 50% hingelegt !

      Ohne Worte :O
      Avatar
      schrieb am 22.09.10 00:45:02
      Beitrag Nr. 82 ()
      national/allgemeines:

      Indonesian Coal Demand up in 2010; The Indonesia Coal Mining Association forecasts its coal production this year to rise by about 310 million tons, up from the last month's forecast of 300 million tons - MT - Sep 21, 2010
      www.mining-technology.com/news/news96453.html?WT.mc_id=DN_Ne…

      "The Indonesia Coal Mining Association forecasts its coal production this year to rise by about 310 million tons, up from the last month's forecast of 300 million tons.

      Coal prices are likely to pick up to about $100 a ton by the end of 2010, reports Reuters.

      The prices are expected to go up due to weather conditions and demand during winter.

      Indonesia, the world's top thermal coal exporter, has experienced prolonged rains in the dry season, hitting coal output, reports Reuters.

      Indonesia Coal Mining Association chairman Bob Kamandanu said Indonesia could also see increased demand for its coal due to congestion problems affecting shipments from Australia's Newcastle port.

      "If Australia can't meet their supply contracts, there will be a shifting of demand to Indonesia," he said.

      India will overtake Japan as the top buyer of coal from Indonesia, increasing its imports from 40 million tons in 2010 to 70 million tons in 2012. "
      Avatar
      schrieb am 23.09.10 21:03:05
      Beitrag Nr. 83 ()
      Was hier entsteht sieht man so nicht jeden Tag...:eek:




      $1,2bn direct investment needed for Indonesia mine – Churchill

      JOHANNESBURG (miningweekly.com) – A feasibility study (FS) at Aim-listed Churchill Mining’s 75%-owned East Kutai coal project, in Indonesia, has indicated a $1,2-billion direct capital investment would be needed to develop the project.

      If indirect costs, such as insurance and provisions for engineering, procurement and construction management, as well as contingency costs were included, capital expenditure for the project would rise to $1,6-billion.

      Churchill and its Indonesian partner on the project, the Ridlatama Group, on Thursday highlighted in a statement to shareholders that the FS had confirmed the technical and economic feasibility of the 2,73-billion ton thermal coal deposit.

      The parties planned to develop a 30-million-ton a year openpit coal mine with an initial 25-year mine life.

      Once started, construction would take an estimated 24 to 36 months.

      Initial plans were to transport coal 160 km from the mine stockyard to the port stockyard by overland conveyor.

      However, Churchill was also evaluating potentially transporting the coal by rail. The company conducted an order of magnitude study for rail to assess the viability of this.

      The study found that such a rail system could be built at a cost of $1,1-billion, but with a lower operating costs versus the conveyor system, this would increase the net present value of the project, which was currently estimated at $1,8-billion.

      Churchill has started obtaining the necessary licences for the construction and operation for a special purpose coal handling rail link from the mine to the nearby port, which the company and its partners plan to build.

      The Indonesian Department of Transport had signed off on the port site in August.


      http://www.miningweekly.com/article/12bn-direct-investment-n…
      Avatar
      schrieb am 23.09.10 21:07:58
      Beitrag Nr. 84 ()
      ja geht gut ab die churchill.

      good luck hb:cool:
      1 Antwort
      Avatar
      schrieb am 23.09.10 21:19:44
      Beitrag Nr. 85 ()
      Antwort auf Beitrag Nr.: 40.201.428 von hechtbarsch am 23.09.10 21:07:58Kann nur hoffen das ein anderer Wert von Pala nämlich unsere bekannte Coalcorp bald nachzieht ;)


      Ohne News aber doch ist einiges in den letzten Wochen dort passiert

      - Beteiligen an Formation Metals fangen an sich zu rechnen

      - Vorstand kauft privat

      - „Dritte Personen“ erhöhen hier ihre Anteile siehe www.sedar.com.

      - Neue Homepage Seite wird eingerichtet



      ...mal schaun ob es am ende nicht sogar egal in welcher Form eine Verbindung zwischen coalcorp und churchill geben wird…möglich ist alles
      Avatar
      schrieb am 17.12.10 03:04:15
      Beitrag Nr. 86 ()
      Avatar
      schrieb am 17.12.10 03:10:46
      Beitrag Nr. 87 ()
      Churchill Completes Land Acquisition For Port Facility - Dec 16, 2010
      www.churchillmining.com/library/file/CHL%20Land%20Acquisitio…

      "Churchill Mining PLC (AIM: CHL (CHLLTD.BO - news) ) is pleased to announce that it has completed the purchase of the land to be used as the site of the future port facility for the shipment of coal from the East Kutai Coal Project.


      As announced in September 2010, Churchill received internal sign-off on the port site from the Department of Transportation Initiating the land acquisition process in cooperation with the local community and relevant government departments. The location of the port facility is a key component for the direct access of exporting thermal coal to the international markets.

      The port stockyard comprises an area of just over 340 hectares and will have four stockpiles of approximately 500m each in length with a total storage capacity of 852,000 tonnes. Transportation of coal from the port stockyard will be by a series of conveyors on to a jetty extending 1,500m to deep water. The wharf facility at the end of the jetty will be equipped with two dedicated ship loaders capable of handling 30Mtpa of coal.

      The wharf facility will handle shipping from Handymax to Capesize 210,000 DWT vessels.

      Churchill Mining (Frankfurt: A0JKX3 - news) 's Managing Director Paul Mazak commented:

      "We would like to thank the local community and its leaders, along with the relevant government agencies for working with Churchill to advance the project which will ultimately bring a welcome boost to the local economy. We believe that the port location is the best available site within the region, and are proud that our land acquisition team successfully completed the acquisition of this site in rapid time."


      END "
      Avatar
      schrieb am 23.01.11 22:05:50
      Beitrag Nr. 88 ()
      Possible coal export restrictions on Indonesia unlikely to affect Churchill MiningFriday, January 21, 2011 by Sergei Balashov


      Churchill Mining (LON:CHL) moved to reassure investors after a fall in its share price, stating that from talks with the authorities in Indonesia, it believes that any potential coal export restrictions may not affect it because of its supply arrangements with Indonesia’s state power provider PLN.

      The statement was in response to today’s 8 percent decline in Churchill’s share price, apparently triggered by press speculation about the government’s possible plans to introduce export restrictions on certain grades of coal.

      On Thursday, reports surfaced that Indonesia is preparing to place a ban on the export of low quality coal with an energy value of below 5,600 kilocalories per kilogram. The government wants producers to upgrade the coal to a higher energy value product in an effort to increase the country’s export revenue.

      “From discussion with the relevant authorities, Churchill believes that any export restrictions will not apply to all producers and expects that further details may clarify that any export restrictions may not apply to Churchill because of the coal supply arrangement in place with the PLN,” said Churchill.

      Churchill has created an Indonesian advisory board, which is participating in the ongoing discussions, that “guarantees access to all levels of industry and government” and it has negotiated an off-take deal with the state electricity company.

      The company pledged to update the market “when appropriate”.

      Churchill also reiterated that it is working with Indonesian state power provider PLN, expecting to meet all of its obligations to supply the domestic market via this relationship.

      Back in December, Churchill acquired the land to be used as the site of the future port facility for the shipment of coal from the East Kutai project in Indonesia.Churchill has hired Credit Suisse to find a “big brother with deep pockets” to fund the development of the mine, which has a net present value of US$1.8 billion.

      However, Churchill is keeping all of its options open and is still looking at possibly running East Kutai as a stand-alone project funded by equity and debt.

      In September the company passed a major milestone when the eagerly awaited feasibility study confirmed East Kutai as a world class deposit with a JORC resource of 2.73 billion tonnes.


      http://www.proactiveinvestors.co.uk/companies/news/24841/pos…
      Avatar
      schrieb am 24.01.11 10:19:05
      Beitrag Nr. 89 ()
      POWER
      UK's Churchill Mining in talks with Indian power cos to sell asset
      24 Jan, 2011, 0533 hrs IST, Nesil Staney, ET Bureau
      MUMBAI: UK's Churchill Mining, whose shares are traded on the Alternative Investment Market (AIM), is negotiating with several Indian power companies with the intention of finding itself a buyer, said a senior executive. The company owns thermal coal mines in Indonesia and Australia.

      Paul Gerard Mazak, executive director of Churchill, confirmed the plans to sell, and the negotiations with Indian companies, in an email to ET. Apart from large private companies here, Churchill is negotiating with "a couple of state-owned enterprises," Mazak said. He refused to name the companies from India.

      The Churchill scrip, which has nearly doubled in the past sixteen months, closed at £105.50 on Friday at AIM. It now has a market capitalisation of around £114 million. The company holds some $23 million in cash. The investment banking unit of Credit Suisse is running the global sale mandate. The Swiss bank's India arm is holding talks with large local power companies , said a banker who has direct knowledge of the development.

      Indian power companies are scouting for thermal coal mines in Australia, Indonesia and Africa to boost production in India. Their foreign buys have boosted deal activity in the sector, up 300% in 2010 to $23 billion, a third of the total volume. Prominent deals last year include JSW Energy's purchase of Canada's CIC Energy for $414 million and Lanco Infratech’s acquisition of Australia's Griffin Coal for $750 million.

      Churchill was earlier looking for a partner investor to develop the East Kutai Coal Project in Indonesia . It had originally hired Credit Suisse in April last year for this mandate. So far it has not found a funding partner for the project. Indonesia had amended its mining laws in early 2009, allowing foreign direct investment.

      The East Kutai project has 961 million tonnes coal reserves and mining resource of 2.730 billion tonnes. Churchill also holds 20% stake in South Woodie Woodie Manganese Project in Western Australia, 22% stake in Australia-listed Spitfire Resources and 70% interest in Indonesia's Sendawar CBM Project. In September last year, the company announced the purchase of land to build a port to ship coal from East Kutai.

      The potential deal value of Churchill could be higher than the current market capitalisation, said an investment banker focused on the power sector. The quality of the company's coal and geographical proximity makes it an attractive target for power companies in China and India, he said.

      Analysts also predict upside to the stock price. "Churchill is currently trading at around 11% of the company's post tax net asset value for East Kutai," said a recent report by London broker Northland Capital
      Avatar
      schrieb am 24.01.11 12:20:06
      Beitrag Nr. 90 ()
      Churchill Mining: Reports of East Kutai sale talks spark stock rebound



      Churchill Mining (LON:CHL) shares advanced 13 percent in Monday’s early deals, as speculation grows regarding the possible sale of the massive East Kutai coal project.

      A report in the Indian Economic Times claimed that Churchill is currently in talks with several Indian power companies to sell the Indonesian coal project.

      This morning Northland Capital, Churchill’s nominated advisor (NOMAD) on the AIM market, confirmed that Churchill plans to sell and it is negotiating with Indian companies.

      Although, by 10:50 am, the company has yet to make official announcement on the London stock exchange.

      East Kutai is a world-class thermal coal deposit. It has a 961 million tonne JORC mining reserve and 2.73 billion tonnes of JORC resources. The sheer scale of the project is reflected by the US$1.2 billion (direct capital costs) needed to build the mine.

      Once operational the proposed open pit would produce 30 million tonnes of high grade thermal coal each year, for an initial 25-year life. It would generate cashflow of US$500 million each year.

      “In an email to Indian Economic Times, CEO Paul Mazak confirmed plans to sell and it is in negotiations with Indian companies,” Northland said in a note to clients.

      “These are said to include large private companies and a couple of state-owned enterprises.

      “Whilst not conclusive at this stage, this is potentially significant positive newsflow. The development also seems to promote an outright sale as opposed to a JV partnership as the likely option.”

      The broker believes that a sale would value the assets at a narrower discount to the project’s net present value (NPV).

      “The current market valuation accords less 10% of the $1.8 billion NPV suggested by the feasibility study, suggesting significant scope for upside,” Northland added.

      Investors following Churchill closely will know that a potential deal has been on the cards for some time, after the company hired corporate heavyweight Credit Suisse back in April 2010.

      The major international finance group’s remit was to find Churchill a ‘big brother, with very deep pockets’ to help finance the massive mine development project. But even back then the company also made it clear that it may consider selling the entire project.

      This latest development helped the stock rebound on London’s AIM market, after domestic reports that Indonesia is considering a change to its coal export laws.

      On Thursday 20 January, reports surfaced that Indonesia is preparing to place a ban on the export of low quality coal with an energy value of below 5,600 kilocalories per kilogram.

      It is believed that the government wants producers to upgrade the coal to a higher energy value product in an effort to increase the country’s export revenue.

      Churchill moved to reassure investors with a statement on Friday afternoon.

      It told investors that after talks with the Indonesian authorities, it believes that any potential export restrictions may not affect the company because of its supply arrangements with the state-owned power provider PLN
      Avatar
      schrieb am 24.01.11 12:38:44
      Beitrag Nr. 91 ()
      Jetzt wird es ernst...Übernahme oder ein großer strategischer Partner sollte kurz vor der Bekanntgabe stehen.

      Sollte es zur Übernahme kommen...kann ich aktuell nicht sagen welchen Aufpreis wir zu erwarten haben.:rolleyes:
      Avatar
      schrieb am 24.01.11 15:09:55
      Beitrag Nr. 92 ()
      http://www.thisislondon.co.uk/standard-business/article-2391…

      Churchill rises on talk of possible suitor

      The spotlight fell on Churchill Mining today as hopes for a major asset sale or even a possible takeover sent shares in the coal group soaring.

      The AIM-listed company, which owns thermal coal mines in Indonesia and Australia, is working with Credit Suisse on possible deals.

      Reports in the Indian press suggested this morning that bosses are looking to find a buyer for the entire company, with Indian power companies mooted as potential bidders.

      However, although a takeover isn't being ruled out, a deal relating to its East Kutai Coal project in Indonesia is said to be more likely: either a sale, a joint venture or a funding deal with a partner investor. Churchill's shares shot up 15¼p to 119½p - a gain on the day of 14%.

      Its shares have had a rollercoaster run recently.
      On Friday, the stock fell sharply, forcing bosses to rush out a statement to calm investors' nerves. Shareholders had turned jittery on media speculation that the Indonesian government could announce restrictions on the export of certain types of coal.

      Churchill's bosses said they were in "active discussions" with Indonesian authorities to clarify any such policies, and that they believed the restrictions would not apply to all producers.
      Avatar
      schrieb am 25.01.11 08:03:39
      Beitrag Nr. 93 ()
      Churchill Mining in focus
      By Neil Hume and Bryce Elder

      Published: January 24 2011 20:57 | Last updated: January 24 2011 20:57

      Churchill Mining was in focus on Monday. Its shares rose 5.9 per cent to 111¾p on the back of reports that claimed the mining company was talking to several Indian power companies with a view to selling its East Kutai thermal coal project in Indonesia.

      Northland Capital Partners said the news was significant and a sale would put a higher price on East Kutai than currently implied by Churchill’s share price.

      “Whilst not conclusive at this stage, this is potentially significant positive newsflow. The development also seems to promote an outright sale as opposed to a JV partnership as the likely option,” the broker said.

      “The current market valuation accords less than 10 per cent of the $1.8bn net present value [of the project] suggested by the feasibility study, suggesting significant scope for upside.”

      http://www.ft.com/cms/s/0/e15d4752-27dc-11e0-8abc-00144feab4…

      --------------------------------

      Posted on ADVFN

      bushtuckaman - 24 Jan'11 - 20:46 - 5418 of 5418



      January 24, 2011

      Churchill Mining Offers Reassurance That Exports From Its 2.7 Billion Tonne East Kutai Coal Project Will Proceed As Planned


      http://www.minesite.com/nc/minews/singlenews/article/churchi…
      Avatar
      schrieb am 25.01.11 14:26:37
      Beitrag Nr. 94 ()
      RNS Number : 0509A
      Churchill Mining plc
      25 January 2011

      

      CHL: AIM





      CHURCHILL MINING PLC

      ("Churchill" or "the Company")





      Statement Re Strategic Review

      Churchill Mining PLC (AIM: CHL) notes the media reports relating to plans and negotiations to sell the Company or its assets.

      Churchill announced the appointment of Credit Suisse in 2010 to complete a strategic review process, in order to evaluate the various options for financing the development of the East Kutai Coal Project, including the development of the project with a joint venture partner, sale of the project or the conclusion of a long-term offtake arrangement. There has been a significant response from interested parties in a number of countries, primarily; India, Indonesia, South Korea and South East Asia, and as expected, discussions with potential partners, financiers and purchasers remain ongoing.

      Paul Mazak, Managing Director said "Realising the huge potential of the world class East Kutai Coal Project requires significant capital investment and as part of the process, potential partners are undertaking detailed and lengthy due diligence in order to formulate their proposals. We are working with all parties with a view to achieving a result that will maximise returns for shareholders and we look forward to further updating the market in due course."

      END

      For further information, please contact:

      Churchill Mining Plc Northland Capital Tavistock Communications

      Managing Director - Paul G. Mazak Partners Limited Paul Youens / Jos Simson

      +62 81510539186 / Shane Gallwey / +44 (0) 20 7920 3150

      39832398 Luke Cairns +44 (0) 7843 260 623

      +61 8 6382 3737 +44 (0) 20 7492 4750 pyouens@tavistock.co.uk

      paul.mazak@churchillmining.com






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

      END
      Avatar
      schrieb am 26.01.11 08:48:34
      Beitrag Nr. 95 ()
      Posted on ADVFN


      http://inspirational-investing-ideas.com/coalinvesting.aspx

      Investing in coal





      The new era of Coal Investing is becoming more and more popular amongst investors in today's energy investing climate. Coal Prices are on the move upwards again and investing in coal is proving to be a shrewd profitable investment as is oil investing. Investing in coal is a great method, which complements commodities investing in a bull market.



      Coal investing Demand continues to increase as global electricity usage continues to grow, and generating power or energy is on the rise by all nations worldwide, and is not expected to slow down anytime soon, due to the different ways to invest money into coal.




      Thermal coal prices are rising due to the demand from India who is looking to purchase as much coal as possible to double its power generation this decade.



      China is also looking to purchase coalfields to power the country, as well as many other countries.



      Deals have been struck in many countries; Indonesia in particular as the government has encouraged foreign investment into all coal related projects with great incentives for investors.



      Online stock investing in coal is becoming more and more easier for the average beginner investing.



      Investing in Coal Stocks



      Coal investing or buying stocks in coal companies such as Churchill Mining and Oracle coalfields could prove fruitful for many investors investing in coal businesses, as stock market history has reflected great success investing in energy stocks.



      Warren Buffet is a good example of investing in shares related to coal and coal mining. Churchill has a business plan to leverage off the growth currently being experienced in China and India as mentioned above. In particular their appetite for raw materials used as feedstock in their burgeoning energy and steel industries.



      Churchill Mining




      Churchill's growth plan quickly accelerated in 2007-2008 following the discovery of a very large thermal coal deposit (Churchill 75% owner) in the East Kutai Regency of Kalimantan, Indonesia.



      To date more than 3.18 billion tonnes of coal has been drilled to JORC standard and the project area explored only represents 20% of the company's total land holding in the Regency.



      Credit Suisse on board and the feasibility study in the bag, pricing is going to be published soon by the company which will give an idea to the true potential value of the company.



      As India, Indonesia, South Korea and South East Asia are completing their due diligence before an outright bidding war for the company breaks out.



      Hmm.. Several potential bidders in play for the whole company and/or a joint venture, many would argue Churchill Mining is a highly undervalued stock. A screaming buy in the coal industry for those looking to invest in coal.
      Avatar
      schrieb am 27.01.11 13:11:51
      Beitrag Nr. 96 ()
      Good write-up from minesite as usual. The land secured for the proposed export facility is promising but it seems that lots of jumping through hoops is required to get things done in this country.

      *******************************************************
      January 24, 2011

      Churchill Mining Offers Reassurance That Exports From Its 2.7 Billion Tonne East Kutai Coal Project Will Proceed As Planned
      By Alastair Ford

      What with supply constraints looming in the wake of floods and bottlenecks in distribution networks, and demand likely to hold up well as the global steel industry continues to recover, and coal-fired power remains as viable as ever, it’s a great time to be in coal. Provided you can get it to market, that is. If you can’t, it’s a whole different story, which is why speculation that Churchill Mining might be an early and obvious victim of new plans from the Indonesian government to restrict exports of certain types of coal in order to ensure that the domestic market is fully supplied was met with a robust and immediate response from the company.
      After the shares had dropped from 118.5p to 105.5p, Churchill stated in a release to market on Friday 21st January that it expects that all its obligations to supply the domestic market in Indonesia will be met via its ongoing relationship with the Indonesian state power provider Perusahaan Listrik Negara (PLN). As things stand, Churchill is expecting to supply PLN with five million tonnes per year from the Southern Pit of its East Kutai coal project. PLN, for its part, continues to work on enhancing its plant and capabilities with a view to upgrading the Southern Pit output from Sub-bituminous to bituminous coal, thereby significantly increasing its value.

      So, with any luck, talk of export restrictions will turn out to have been a storm in a teacup, and the company will be able to move on with its plans to produce coal, both for export and for domestic consumption within the next couple of years. Certainly the market took the release in good part, and by the close on Monday, Churchill had made up some of the lost ground, recovering to 111p.

      That’s still some way off the peaks of 2010, but on the other hand some way off the lows, too. But then it was an up and down sort of a year, as investors were disenchanted by delays to the revised feasibility study, but then more than satisfied when that study came out and showed an NPV for East Kutai of US$1.8 billion, based on a resource of 2.73 billion tonnes. Before that news came out the share were trading at a modest 90p, or so. Afterwards they made it up as high as 145p, before the realisation set in that there was plenty more still to do.

      For one thing, Churchill still needs to raise the US$1.6 billion required to get East Kutai built, although for a long time now Churchill boss Paul Mazak has sounded pretty confident about his options. He’s getting help from Credit Suisse, as momentum builds, has been on the receiving end of enquiries from power companies in India as well as other regional operators.

      Well, and good, but back to that export issue. Even allowing for the go-ahead from the government, the company also needed to square things with the locals on the ground in the area where it proposed to build its export facility. This process which drew towards a close at the end of last year, although it proved quite a complex undertaking, as Paul explains. “There were 140 people we had to convince”, he says, “and get them all to agree to the same terms”. And the complexities didn’t stop there. When the issue of compensation was properly addressed Churchill was also required to assist in the setting up of 140 new bank accounts.

      The importance to Churchill of securing this export facility shouldn’t be underestimated. As so often in mining, it’s all a question of logistics, and until you square off the logistics you never really know if you’ve got a viable project. In Churchill’s case a couple of key decision
      Avatar
      schrieb am 10.02.11 07:42:23
      Beitrag Nr. 97 ()
      Bakrie Group’s Ridwan Plans Indonesia-Focused Stock Hedge Fund

      By Netty Ismail
      Feb. 10 (Bloomberg) -- Edwin Ridwan, who helped set up the proprietary equity trading desk of Bakrie Group last year, is seeking capital to start an Indonesia-focused hedge fund that will bet on rising stocks.

      http://www.businessweek.com/news/2011-02-09/bakrie-group-s-r…

      The fund will bet on rising prices of companies earning most of their revenue from Indonesia or have a majority of their assets there, he said. The companies the fund can invest in may include Singapore-based Petra Foods Ltd., the largest supplier of chocolate products to Indonesia, and London-based Churchill Mining Plc, owner of a thermal coal project in Indonesia.
      Avatar
      schrieb am 21.02.11 23:02:35
      Beitrag Nr. 98 ()
      Nach der heutigen Nachricht kann man fast sagen "sell on good news"


      Churchill Mining receives significant interest, proposals to develop East Kutai coal project

      Churchill Mining (LON:CHL) has received a number of specific proposals to fund and develop its massive East Kutai coal project in Indonesia and that the interest in East Kutai is significant.

      Some of these would allow Churchill to take full control of the project.

      Initial proposals have ranged from an emphasis on direct entry into the project at the local Indonesian company level through to procuring a large stake in the company.

      Certain potential investment partners have also proposed that the mining and infrastructure elements of the EKCP should be separated to be dealt with and funded on a separate basis.

      In addition to that, a number of investors have expressed interest in either buying out the 25% of the project held by Churchill’s Indonesian partners or providing funding to Churchill to complete this action itself and bring the project under the company's sole control.

      In all cases, prospective partners have been required to address their ability to fund the capital required to develop the project.

      Churchill is currently examining three specific proposals from Indonesia, India and the Middle East, in which the acquisition of Ridlatama's 25% holding in the EKCP is an integral component.

      The due diligence process being conducted by various potential investor partners is at different stages of completion.

      Broker Northland Capital, Churchill’s nominated advisor (NOMAD) on the AIM market, commented on the news in its 'Morning Report'. It said Churchill has required the potential investors to demonstrate the ability to raise the capital required, "so we anticipate any suitors at this stage have serious backing".

      "In essence though it remains a case of wait and see what form a potential deal will take and the process may yet take some time to complete. However, we are encouraged that the level of investors and the regions of interest are what we would have expected," it added.

      Last month, Churchill confirmed that it was “discussing a variety of options to take the project forward” in response to media reports that it was in talks with several Indian power companies to sell the Indonesian coal project.

      Northland Capital confirmed then that Churchill plans to sell and it is negotiating with Indian companies.

      In September last year, the company and Ridlatama initiated an administrative review to further protect the legal standing of the four mining licenses which constitute East Kutai.

      The review will address ongoing irregular actions and misrepresentations by third parties in Indonesia in respect to the mining licences for the East Kutai coal project.

      Churchill reported that last Thursday, the regional administrative tribunal indicated that the results of this process in respect of the licenses held by the EKCP will be announced by mid-March 2011.

      East Kutai is a world-class thermal coal deposit. It has a 961 million tonne JORC mining reserve and 2.73 billion tonnes of JORC resources. The sheer scale of the project is reflected by the US$1.2 billion (direct capital costs) needed to build the mine.

      Once operational the proposed open pit would produce 30 million tonnes of high grade thermal coal each year, for an initial 25-year life. It would generate cashflow of US$500 million each year.

      Churchill hired corporate heavyweight Credit Suisse back in April 2010 to complete a strategic review and help it evaluate the various options for East Kutai’s project financing.


      http://www.proactiveinvestors.co.uk/companies/news/25718/chu…
      Avatar
      schrieb am 03.03.11 10:56:31
      Beitrag Nr. 99 ()
      Churchill Mining calls for its shares to be suspended

      Jetzt wird's wohl ernst...:rolleyes:
      Avatar
      schrieb am 03.03.11 10:58:31
      Beitrag Nr. 100 ()
      was wird ernst denkst du?
      1 Antwort
      Avatar
      schrieb am 03.03.11 11:16:41
      Beitrag Nr. 101 ()
      Antwort auf Beitrag Nr.: 41.139.034 von hechtbarsch am 03.03.11 10:58:31Übernahme oder ein starker Partner der die Mine mit eine Teilhaberschaft finanzieren wird!

      Habe es leider nicht geschafft pünklich hier_hin umzuschichten...meine aktuelle Anlage ist hier ein Witz :cry:
      Avatar
      schrieb am 03.03.11 12:07:38
      Beitrag Nr. 102 ()
      Wenn ich mir den Chart ansehe rechne ich hier mit dem schlimmsten !
      Avatar
      schrieb am 03.03.11 16:28:22
      Beitrag Nr. 103 ()
      Mit dieser news hatte ich nicht gerechnet..



      http://uk.ibtimes.com/articles/20110303/tribunal-rules-again…


      Tribunal rules against Churchill on EKCP licences


      A tribunal has ruled against Churchill Mining and its Indonesian partner, the Ridlatama Group over the cancellation of the East Kutai coal project licences.

      Quote Charts News Fundamentals
      Ridlatama and Churchill initiated the tribunal in September in order to have the original cancellations officially expunged from the record, as they considered that East Kutai Regent had violated a number of administrative protocols.
      But the state administrative tribunal in Samarinda, East Kalimantan, ruled the revocation by Regent did not break any administrative regulations.
      Instead, the tribunal cited an April 2010 letter from the forestry ministry to the Regent advising the cancellation of the licences after receiving reports from residents mining activities had been carried out which had led to the damage of forestry areas.
      Churchill strongly protests this decision and emphasizes that the company and its partners have never done any mining at the EKCP site.
      Churchill also points out that the communities around the EKCP site have never made such a complaint, a claim substantiated by a sworn forestry ministry affidavit from the chief of the local Dayak cultural council.
      Churchill says the tribunal's decision is not final and binding until all appeal avenues have been exhausted.
      Avatar
      schrieb am 03.03.11 17:06:23
      Beitrag Nr. 104 ()
      Akuell -70% in London

      Da habe ich mit meinen 3K Glück gehabt..:mad:

      ...stellt sich die Frage wann jetzt nachkaufen ???:confused::confused::confused:
      Avatar
      schrieb am 03.03.11 19:54:07
      Beitrag Nr. 105 ()
      hat CH. ausser dem Indonesischen Projekt überhaupt noch ein anderes Eisen im Feuer ?
      1 Antwort
      Avatar
      schrieb am 03.03.11 21:40:23
      Beitrag Nr. 106 ()
      Antwort auf Beitrag Nr.: 41.143.318 von ernestokg am 03.03.11 19:54:07Spitfire Resources haben sie oder hatten sie mal 36% Anteile
      Avatar
      schrieb am 03.03.11 21:43:41
      Beitrag Nr. 107 ()
      Warten wir mal ab was passiert...hauptsächlich geht es um die Abbaulizenzen...alles sehr sehr überraschend






      Churchill Mining share suspension lifted amid legal setback in Indonesia

      Churchill Mining (LON:CHL) has been caught up in a legal battle in Indonesia. The dispute centres on an attempt by regional authorities to cancel the licenses that host the world class East Kutai coal project.

      The East Kutai Regent (Bupati) - the authority that governs the East Kutai administrative region of Indonesia's East Kalimantan Province - had purported to have cancelled the four mining licenses back in September 2010, Churchill revealed.

      It had subsequently referred the matter to an administrative tribunal in Samarinda, as an attempt to have the original cancellations officially expunged from the record because they considered that the Bupati had violated a number of administrative protocols. Churchill said today the tribunal ruled against the company.

      Churchill stressed that it strongly disagrees with the decision and it is evaluating options to remedy the situation - including an appeal to the State Administrative Tribunal in Jakarta.

      “At no time during this process has Churchill considered the EKCP licenses cancelled or invalid,” the company said.

      Importantly Churchill also said that proceedings before the Samarinda Administrative Tribunal ‘do not constitute an action that will immediately affect the substantive rights of the owners of the EKCP Licenses.

      The decision by the Samarinda Administrative Tribunal is not final and binding as a matter of law until after all appeal avenues have been exhausted, it said.

      Churchill went on to say that the validity of the licences has been confirmed on at least two separate occasions.

      Firstly it said that an independent state agency, known as The BPK, and the East Kutai Police have upheld Ridlatama and Churchill's mining rights in relation to the licenses.

      Secondly it said that: “the Administrative Tribunal, the Ministry of Energy and Mineral Resources' Head of Legal and Legislative Affairs gave expert testimony that the ministry continued to regard the EKCP partners' licenses as legally valid and enforceable, as no cancellation decree has ever been lodged with the ministry as is required by administrative protocol.”

      “Though disappointed by the Administrative Tribunal's decision, Ridlatama and Churchill remain committed to remedying this unfortunate situation and will perform a serious and exhaustive evaluation of legal options,” Churchill added.

      “The Administrative Tribunal has only concluded in the last couple of hours, and there is currently only a verbal report from the Company's counsel available.”

      Churchill will update investor once it has received a written report from the tribunal and it has reviewed this information in conjunction with its lawyers.

      Giving details, Churchill said the issue centres around a letter from the Ministry of Forestry to the Regent, which advised of the cancellation of the licenses after it received reports from residents that the partners had carried out mining activities leading to the damage of forestry areas.

      However Churchill said that it ‘strongly protests’ this and it emphasised that neither partner has ever done any mining at the EKCP site.

      Furthermore it said that the communities around the site have never made such a complaint.

      Churchill highlighted that the company's claim was substantiated by a sworn Ministry of Forestry affidavit from the chief of the local Dayak cultural council that affirmed that local land owners have found the partners to have never performed any illegal activities and to have acted responsibly at all times.

      “This evidence was presented during the Administrative Tribunal proceedings.

      Finally, Ridlatama and Churchill note that the licenses that make up the EKCP, which were issued by the same Regent in 27 March 2009, lie outside forestry areas, and therefore are not subject to Ministry of Forestry oversight,” Churchill added.


      http://www.proactiveinvestors.co.uk/companies/news/26063/chu…
      Avatar
      schrieb am 04.03.11 11:43:02
      Beitrag Nr. 108 ()
      Mein erster nachkauf 14k zu 0,281euro
      Avatar
      schrieb am 04.03.11 16:09:42
      Beitrag Nr. 109 ()
      Hier mal ein aktueller Bericht direkt aus Indonesien

      PTUN Samarinda tolak gugatan Churchill Mining
      Oleh Algooth Putranto
      On: 04 March 2011


      JAKARTA: Pengadilan Tata Usaha Negara (PTUN) di Samarinda, Kalimantan Timur menolak gugatan Churchill Mining Plc dan para mitra Indonesianya, Ridlatama Group terkait upaya untuk mencabut Izin Usaha Pertambangan (IUP) proyek batubara Kutai Timur

      Dalam keputusan yang dikeluarkan pada 4 Maret 2011 belum bersifat final dan mengikat secara hukum sampai seluruh jalur untuk naik banding telah ditempuh.

      Menurut rilis yang diterima Bisnis hari ini (4/3), Ridlatama dan Churchill akan mengajukan banding terhadap keputusan ini kepada PTUN Jakarta.

      Proses beracara di hadapan PTUN Samarinda bukanlah merupakan suatu tindakan yang dapat dengan segera mempengaruhi hak-hak berdasarkan hukum dari para pemilik IUP tersebut.

      Perusahaan secara tegas menyanggah keputusan dimaksud dan saat ini tengah mengevaluasi pilihan-pilihannya untuk menyelesaikan situasi ini, termasuk untuk mengajukan banding kepada PTUN di Jakarta.

      Selama proses ini berlangsung, tidak satu kali pun Churchill menganggap bahwa IUP Kutai Timur adalah batal atau tidak absah.

      Pada 2010, Churchill dan Ridlatama mendengar bahwa Bupati Kalimantan Timur bermaksud untuk mencabut ke-empat izin pertambangan yang membentuk proyek batubara Kutai Timur.

      Ridlatama dan Churchill telah melayangkan gugatan kepada PTUN pada September 2010 dengan maksud agar pembatalan-pembatalan awal tersebut secara resmi dikeluarkan dari catatan, karena keduanya beranggapan bahwa Bupati telah melanggar sejumlah protokol administrasi.

      Ridlatama dan Churchill memohon agar pengadilan dilangsungkan secara ‘in camera’ (tertutup) hingga hasil-hasilnya diumumkan kepada masyarakat. Namun demikian, Direksi kedua perusahaan telah memutuskan pada 21 Februari untuk memberitahukan pasar saham akan tindakan yang akan diambil, yaitu dalam rangka mencegah spekulasi pada pers Indonesia yang dapat mengganggu berlangsungnya proses pengadilan.

      Meskipun demikian, PTUN tidak sependapat dengan posisi Churchill dan Ridlatama dan memutuskan bahwa upaya Bupati untuk mencabut IUP Kutai Timur tidak melanggar peraturan administrasi mana pun.



      Übersetzung :

      Samarinda Verwaltungsgerichtshof wies die Klage Churchill Mining


      JAKARTA: Staatliche Verwaltungsgerichtshof (VwGH) in Samarinda wies Ost-Kalimantan eine Klage Churchill Mining Plc und ihre indonesischen Amtskollegen Ridlatama Gruppe im Zusammenhang mit den Bemühungen um die Bergbau (IUP) Ost Kutai Kohle Projekt widerrufen

      In einer Entscheidung über die 4. März 2011 erteilt noch nicht endgültig und rechtsverbindlich, bis alle möglichen Rechtsmittel ausgeschöpft wurden.

      Nach der Freigabe durch Business Today (3.4), Ridlatama und Churchill empfangen werden gegen diese Entscheidung vor dem Verwaltungsgericht in Jakarta appellieren.

      Das Verfahren vor dem Verwaltungsgerichtshof Samarinda ist nicht eine Aktion, die unmittelbar auf die Rechte nach dem Recht der Eigentümer des IUP.

      Das Unternehmen ausdrücklich Herausforderung der fraglichen Entscheidung und prüft derzeit ihre Möglichkeiten, diese Situation zu beheben, einschließlich auf dem Verwaltungsgerichtshof Beschwerde in Jakarta.

      Während dieses Prozesses nicht einmal davon ausgegangen, dass Churchill Mining Osten Kutai null oder nicht gültig ist.

      Im Jahr 2010 hörte Churchill und Ridlatama, dass der Regent von Ost-Kalimantan, um die vier Bergbau ermöglicht, dass der Osten Kutai Kohle Projekt Form widerrufen will.

      Ridlatama und Churchill hatte eine Beschwerde an den Verwaltungsgerichtshof geschickt im September 2010 mit der Absicht, dass eine frühzeitige Kündigung offiziell wurden aus den Aufzeichnungen entfernt, da sie, dass die Regenten hatte eine Reihe von administrativen Protokoll verletzt übernehmen.

      Ridlatama und Churchill plädierte für den Hof geführt wurde "in der Kamera (geschlossen), bis die Ergebnisse der Öffentlichkeit bekannt gegeben werden. Um jedoch die Board of Directors der beiden Unternehmen haben am 21. Februar beschlossen, melden die Börse Maßnahmen ergriffen werden, nämlich um Spekulationen auf der indonesischen Presse, dass mit den laufenden Rechtsstreitigkeiten stören könnte.

      Allerdings ist das Verwaltungsgericht nicht mit Churchill und Ridlatama Position einigen und beschließen, dass der Versuch, die IUP Regenten von Osten Kutai Verwaltung widerrufen ist nicht verletzt alle Regeln.


      http://www.bisnis.com/hukum/perdata/14953-ptun-samarinda-tol…
      8 Antworten
      Avatar
      schrieb am 04.03.11 16:23:34
      Beitrag Nr. 110 ()
      Antwort auf Beitrag Nr.: 41.148.819 von donnerpower am 04.03.11 16:09:42Anfang der Woche hatte Churchill noch bei einer möglichen Übernahme einen Wert der bis 1 Mrd. hätte sich belaufen können .

      Aktuell haben wir nur noch eine Marktkapital. von gerade mal 26,67 Mio. EUR (wenn die Shares von fast 100Mio. stimmen)

      Aus einem Übernahme Investment wird hier erst mal eine Überlebungsspekulation.
      Nach dem Bericht aus Indonesien besteht noch Hoffnung aber der Markt spiegelt zur zeit genau das Gegenteil wieder.

      Man muss sehen ob sich jetzt Leute aus der Regierung die immerhin schon zukünftige Produktion Deals mit Churchill Mining geschlossen haben auf die Seite des zukünftigen Minenbetreibers stellen bzw. bei der Klärung ihre Hilfe anbieten um für alle Parteien eine Lösung finden.
      7 Antworten
      Avatar
      schrieb am 05.03.11 10:22:09
      Beitrag Nr. 111 ()
      Antwort auf Beitrag Nr.: 41.148.952 von donnerpower am 04.03.11 16:23:34Spätestens im September 2010 hätten die Aktionäre über diese materielle Entscheidung des East Kutai Regent informiert werden müssen. Hier hat das Management nicht mit offenen Karten gespielt. Auch für Investor wäre ein potenzieller Lizenzverlust ein absolutes no-go gewesen. Es ist ziemlich wahrscheinlich, dass es Aktionärsklagen geben wird und die FSA Untersuchungen einleiten wird.

      Momentan wird der Wert nahe am Liquidationserlös gehandelt und die theoretische Chance besteht, dass in zweiter Instanz zugunsten von CHL entschieden wird. In jedem Fall ist ein Vertrauensverlust da, der es dem Unternehmen künftig nicht einfach machen wird.
      6 Antworten
      Avatar
      schrieb am 05.03.11 14:14:26
      Beitrag Nr. 112 ()
      Antwort auf Beitrag Nr.: 41.152.068 von mao_1 am 05.03.11 10:22:09@mao_1

      Das ist richtig...eine Info hätte wirklich schon viel früher kommen müssen.
      Stellt sich aber auch die Frage ob nicht sogar Churchill selber auf falschen Fuß erwischt worden ist und hier wirklich nur ein Form Fehler durch fehlende Dokumente aufgetreten ist.

      Man beachte das Ende September auch die Machbarkeitsstudie veröffentlicht wurde..in Regel sind vorher die Abbau Lizenzen geklärt.

      Nun gut ich hoffe Churchill kann jetzt in den nächsten Tagen mit Hilfe seiner starken Partner die sie vor Ort auf gebaut haben zu Gunsten des ganzem Projektes Abhilfe schaffen und die Übernahmengesprächen durch die Credit Swiss wieder aufnehmen...ich denke schon das die Credit Swiss die hier fpr viele überraschend als Partner für Churchill auftretet mal die Unterlagen im Vorfeld prüft ???

      Man beachte das Credit Swiss im Auftrag von Churchill jetzt über Wochen Monate schon Gespräche mit mehreren Regierungen Asiens führt…für so ein Haus wie Credit Swiss könnte solch ein Vorfall am ende mehr als nur ein peinlicher Auftritt bedeuten.


      Momentan wird der Wert nahe am Liquidationserlös gehandelt und die theoretische Chance besteht, dass in zweiter Instanz zugunsten von CHL entschieden wird


      Das ist richtig...der Abschlag an der Londoner Börse war schon gewaltig...wenn ich mir aber Posting # 108 durchlese...wird nochmal drauf hingewiesen das zwar die "Abbau" Lizenzen erst mal verweigert wurden aber nie vom Gericht in Frage gestellt wird wer der Eigentürmer ist bzw. bleibt...sehe ich das so richtig ?



      gruss
      5 Antworten
      Avatar
      schrieb am 05.03.11 17:43:34
      Beitrag Nr. 113 ()
      Antwort auf Beitrag Nr.: 41.152.620 von donnerpower am 05.03.11 14:14:26Ob Formfehler oder nicht, Fakt ist, dass die Lokalbehörde die Lizenz entzogen hat und das darüber der Markt hätte informiert werden müssen.

      Glaubst du wirklich, dass CHL innerhalb "ein paar Tagen" das Problem lösen kann, wenn sie es seit September nicht geschafft haben? Ein Rechtsstreit in Jakarta würde wahrscheinlich Monate dauern. Wie das Problem entstanden ist, liegt meiner Überzeugung nach eher darin, dass den Beamten zuwenig Bakschisch zugesteckt wurde und somit unter mehr oder weniger fadenscheinigen Argumenten die behördliche Verfügung entsprechend ausgefallen ist. Das mag für den einen oder anderen befremdlich klingen, ist in Indonesien aber Realität. Wenn die Behörde doch einlenken sollte, dann nicht weil sie den Sachverhalt dann anders beurteilen sondern weil Geld geflossen ist.

      Vom Gericht wurde nicht in Frage gestellt, wer der rechtmässige Inhaber der Lizenz ist und dass keine Löschung beim zuständigen Ministerium erfolgt ist. Letztlich geht es aber darum, den Vorwurf zu entkräften, dass illegale Mining-Aktivitäten durchgeführt wurden und damit Umweltschäden entstanden sind.
      4 Antworten
      Avatar
      schrieb am 06.03.11 17:47:34
      Beitrag Nr. 114 ()
      Antwort auf Beitrag Nr.: 41.153.081 von mao_1 am 05.03.11 17:43:34Letztlich geht es aber darum, den Vorwurf zu entkräften, dass illegale Mining-Aktivitäten durchgeführt wurden und damit Umweltschäden entstanden sind.

      Da bin ich mal gespannt...nicht das es am ende nur ein Blitz war der schaden angerichtet hat
      Avatar
      schrieb am 06.03.11 17:48:56
      Beitrag Nr. 115 ()
      Antwort auf Beitrag Nr.: 41.153.081 von mao_1 am 05.03.11 17:43:34Wenn die Behörde doch einlenken sollte, dann nicht weil sie den Sachverhalt dann anders beurteilen sondern weil Geld geflossen ist.

      Da die Kasse ja noch voll sein sollte...bitte ich das hier schnell ein Scheck nachgereicht wird.
      2 Antworten
      Avatar
      schrieb am 07.03.11 12:48:51
      Beitrag Nr. 116 ()
      Handelsvolumen nimmt langsam ab...eine Gegenreaktion im Kurs ist noch eingetreten.

      Aktuell : 26,15GBp



      Avatar
      schrieb am 08.03.11 09:49:35
      Beitrag Nr. 117 ()
      Antwort auf Beitrag Nr.: 41.154.872 von donnerpower am 06.03.11 17:48:56Hoffentlich hat nicht die Konkurrenz den Scheck schon eingereicht !....
      1 Antwort
      Avatar
      schrieb am 08.03.11 09:57:29
      Beitrag Nr. 118 ()
      Antwort auf Beitrag Nr.: 41.162.664 von ernestokg am 08.03.11 09:49:35Die Frage ist irrelevant bzw stellt sich hier aktuell nicht...Churchill ist nach wie_vor der Besitzer dieser Unmengen von Kohle Ressourcen.

      Hier geht es um Abbau Lizenzen...ohne die man hier erstmal alle Übernahmegespräche auf Eis legen muss!
      Avatar
      schrieb am 08.03.11 15:36:48
      Beitrag Nr. 119 ()
      Ich hatte mit einem überschaubaren Betrag einen Fuß in die Tür gesetzt und mir dabei doch glatt den großen Zeh verbrannt.:cry:Ist nicht so schlimm,werd wohl ein wenig nachlegen müssen.That`s Börse!:yawn:
      2 Antworten
      Avatar
      schrieb am 08.03.11 21:57:19
      Beitrag Nr. 120 ()
      Antwort auf Beitrag Nr.: 41.165.174 von nico126 am 08.03.11 15:36:48Ich hatte mit einem überschaubaren Betrag einen Fuß in die Tür gesetzt und mir dabei doch glatt den großen Zeh verbrannt


      ...verstehe nicht warum du unter 0,30euro dann nicht schon nachgekauft hast?

      Meiner erster Nachkauf war bei 0,281euro..der zweite folgt bald !
      1 Antwort
      Avatar
      schrieb am 08.03.11 22:20:13
      Beitrag Nr. 121 ()
      Was für ein aufgezogener Zock der jetzt beginnt..

      ..mögliche Rückgabe der AbbauLizenzen >> Rückkehr zu 120GBp (1,20-1,40Euro)

      ..eine anschließende Übernahme zu 400-700GBp(etwa 4,50-7,50Euro)

      ..ein Teilhaber der die Mine Finanziert 300-400GBp(etwa 3,50-4,50Euro)

      Aktueller Preis 39,-GBp

      Ich will damit zeigen…das größere Nachkäufe auch Sinn machen hier erst mal abzuwarten bis eventuell die Abbau Lizenzen wieder freigeben werden.

      Avatar
      schrieb am 10.03.11 16:23:20
      Beitrag Nr. 122 ()
      10.03.2011

      Churchill Mining to appeal in Jakarta’s Administrative High Court




      Churchill has now filed an appeal to the Administrative Tribunal in Samarinda, and the appeal will be heard in Jakarta by the Administrative High Court


      Churchill Mining (LON:CHL) told investors that it has appealed against the decision made by the Administrative Tribunal in Samarinda, relating to the revocation of the four mining licences that comprise the East Kutai Coal Project (EKCP).

      Last week the Samarinda tribunal ruled against Churchill.

      Previously the East Kutai Regent (Bupati) - an authority that governs the East Kutai administrative region of Indonesia's East Kalimantan Province - had purported to have cancelled the four mining licenses. Churchill had referred the matter to the tribunal in Samarinda.

      It was an attempt to have the original cancellations officially expunged from the record because they considered that the Bupati had violated a number of administrative protocols.

      On 3 March 2011 Churchill said it strongly disagreed with the decision and it was evaluating options to remedy the situation.

      This morning it confirmed that it has now filed an appeal to the Administrative Tribunal in Samarinda, and the appeal will be heard in Jakarta by the Administrative High Court.

      Churchill said it may take several months before the Administrative High Court issues its notification to the parties, which will mark the beginning of the formal appeal process.

      In the mean time it expects to receive the full written ruling from the Samarinda tribunal – Thursday’s ruling was given verbally – in about two weeks.

      It will then be reviewed, for the purpose of preparing and filing the memorandum of appeal – which will contain the arguments that Churchill will put forward to the high court.

      Churchill also confirmed that it currently has US$12.2 million in cash.

      Earlier this week the company also reminded investors that it is continuing to talk with prospective partners for the development project [/b]

      http://www.proactiveinvestors.co.uk/companies/news/26250/chu…
      1 Antwort
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      schrieb am 10.03.11 16:31:38
      Beitrag Nr. 123 ()
      Antwort auf Beitrag Nr.: 41.179.019 von donnerpower am 10.03.11 16:23:20Kurz Zusammengetragen.

      -Churchill ist heute offiziell in Berufung gegangen !

      -Cash 12,2Mio. Dollar aktuell

      -ganz wichtig am Montag(wo der Kurs kurzzeitig etwa 70% zugelegt hatte) wurde bekannt geben das trotz der vier fehlenden Abbaulizenzen die Gespräche mit potenzialen Partnern weitergeführt werden !!! Da diese von Credit Swiss bekanntlich geführt werden, dürfte da was Wahres dran sein !

      ..damit hatte ich nicht gerechnet :eek:
      Avatar
      schrieb am 10.03.11 22:59:30
      Beitrag Nr. 124 ()
      Antwort auf Beitrag Nr.: 41.167.603 von donnerpower am 08.03.11 21:57:19Hallo Donni!!
      Hab bei CCj schon zwei mal nachgelegt,ist für mich als Koch schon etwas
      schwierig allgemein hier mithalten zu können(fachwissen)Aber das Gewinn-
      potenzial ist jetzt noch verlockender.Werde ein anderes Investment auf-
      geben, und hier ein wenig zulegen.Mit Aktien hat ich bis jetzt immer ein gutes Händchen,weil ich ein Glücksmensch bin.Schau ma mal,wenn das alles hier gut geht.
      koch,ich dir etwas Gutes:kiss:
      Ach ja?mein großer Zeh hat sich erholt!!!!:laugh:
      Guten abend und ein schönes Wochenend!!!
      Avatar
      schrieb am 13.03.11 18:25:26
      Beitrag Nr. 125 ()
      http://www.proactiveinvestors.co.uk/companies/news/26319/chu…

      Churchill chairman says East Kutai licences "remain valid at this point in time"


      It has been a difficult week for Churchill Mining, which has been caught up in a legal battle in Indonesia. A regional administrative tribunal ruled against the company, which has been trying to protect the legal standing of its mining licences for the East Kutai coal project – a 2.73 billion tonne coal resources. Churchill has already announced it is appealing the decision. Below chairman David Quinlivan answers our questions about the litigation.


      David Quinlivan, Chairman of Churchill Mining, answers questions about the East Kutai Coal Project in East Kalimantan in Indonesia, which has a JORC compliant resource of 2.7 billion tonnes of thermal coal, the recent ruling of the State Administrative Tribunal in Samarinda - East Kalimantan, and the company’s response to it.

      *The full audio can be listed too at the bottom of this article*

      What are the implications of this tribunal?

      Our Indonesian legal advice is that the proceedings before the Samarinda Administrative Tribunal do not constitute an action that will immediately affect the substantive rights of the owners of the EKCP Licenses. We understand that the decision by the Samarinda Administrative Tribunal is not final and binding as a matter of Indonesian law until after all appeal avenues have been exhausted.

      Are the licences owned by Churchill / Ridlatama and are they currently valid?

      We have always maintained, and have Indonesian legal advice to the effect, that the EKCP Licences remain valid at this point in time.

      Notwithstanding the decision of the Administrative Tribunal, the validity of the EKCP Licences have been confirmed separately on a number of occasions: by (1) the BPK, an independent state agency acting as an auditing body, (2) the East Kutai police who investigated allegations of forgery in relation to the licences and found there was no case to answer, and (3) during the Administrative Tribunal proceedings themselves when the Minister of Energy and Mineral Resources' Head of Legal and Legislative Affairs gave expert testimony that the Ministry continued to regard the Licences as valid and enforceable.

      No cancellation decree has ever been lodged with the Ministry of Energy and Mineral Resources as is required by administrative protocol.

      Are there other occasions that these licenses have been reviewed?

      We do not believe there are any valid grounds for review of the licenses, and that they have been valid throughout. The above reviews (question 2 above) have supported this conclusion.

      Are these Churchill's sole assets and who were they acquired off/how long ago?

      These are the majority of the assets. These were purchased from Ridlatama Group, our Indonesian partners who retained a 25% stake. They were acquired in 2007.

      Given the problems with licensing at this early stage, if successful in appealing, can Churchill hope to develop the mine into production without recurring problems?

      We have always had to meet, and will continue to have to meet, regulatory and compliance challenges, given the region of the world in which we are operating. However if we are able to be successful on appeal, this will naturally give us a robust basis on which to move forward.

      Have mining licences been granted to any other party over these same blocks?

      Not that we are aware of.

      What is the exact status of the licences at this point, have they been cancelled at any time previously?

      We are advised that the proceedings before the Samarinda Administrative Tribunal do not constitute an action that will immediately affect the substantive rights of the owners of the EKCP Licenses and the decision by the Samarinda Administrative Tribunal is not final and binding as a matter of law until after all appeal avenues have been exhausted. We therefore believe the licenses remain valid at the present time.

      In the event of the Appeal failing and the Appeal decision being final, then what would be the status of the licences and would reapplication for new licences be possible?

      If the Administrative High Court appeal is unsuccessful, a further appeal can be lodged with the Indonesian Supreme Court. If the Supreme Court appeal is unsuccessful the Company can request a Civil Review of the Supreme Court decision. Further legal recourse may be sought under the jurisdiction of the International Centre for Settlement of Investment Disputes ("ICSID").

      It is impossible to speculate about reapplication for new licences at the present time.

      Does Churchill own the land for both the mine and the port?

      Churchill owns the land at the port. The land related to the protect itself is owned by the local community as is normal for this part of the world.

      Why weren't Shareholders told of this action by the Regent ahead of fundraising in May 2010?

      At that stage we did not believe that there was any credible threat to the licences. No cancellation or revocation decree had been lodged at that time or since with the Ministry of Energy and Mineral Resources, Central Jakarta. We were told specifically in May 2010 by the Bupati that no revocation had been made.

      Why was there no mention of the tribunal action at the shareholder, analyst meetings late 2010 and at the AGM?

      As stated before, at not stage has the company believe there was any credible threat to the licenses. The tribunal proceedings were commenced on a narrow basis and were focused on certain procedural matters in order to have any previous cancellations officially expunged from the record to the extent they existed: they were believed by the company not to exist or to be valid. The Administrative Court should focus purely on procedural matters and not on substantive matters. Questions about the validity of the licences should therefore not have arisen in the way they now appear in the judgment. Our legal advice is that this outcome could not have been predicted at the outset of the case.

      Why were important details regarding the Licences held 'in camera' and withheld from investors?

      Ridlatama and Churchill's lawyers requested that the Administrative Tribunal proceedings be held in camera until the results were made public. We received legal advice that this would be in the best interests of the Company, to avoid potential inaccurate press speculation which could have been detrimental to the process.

      Why was further information not released to the market in the RNS of 21 February 2011?

      As explained, the Administrative Tribunal decision was not expected by either us or our legal counsel. Our legal advice is that it was unpredictable. The judgment is irregular and goes beyond the Courts administrative jurisdiction to rule on substantive matters which it should not have done. This was entirely unexpected.

      Why were 1.2million shares issued on or around 25 February 2011 and who were they issued to?

      An application for 1.2million new ordinary shares of 1 penny each to be admitted to trading on AIM, was made on 25 February 2011, following exercise of options. The options were held and exercised by a fund and as far as we are aware the fund has retained this shareholding.

      Any shareholding which exceeds 3% must be disclosed to the market in accordance with UK securities regulations. Also, any share-dealing by Company directors must be disclosed to the market in accordance with UK securities regulations. It can therefore be inferred from the lack of such disclosure that this matter is unconnected with the directors.

      Is the strategic development process still underway?

      The Company continues to examine various proposals despite the current situation, and discussions are ongoing. We can say nothing further on this at this stage but will keep you informed.

      What is Churchill's current cash at bank?

      Churchill's current cash at bank is US$12.2million (as at 10 March 2011)

      Can you explain the tribunal process please and the reasons for it?

      Ridlatama and Churchill initiated the Administrative Tribunal in September 2010 in order to have the purported cancellations officially expunged from the record, as they considered that the Bupati had violated a number of administrative protocols. The company wished to ensure the full valuation of the East Kutai Coal Project is derived from the strategic process. The review was intended to address certain ongoing irregular actions and misrepresentations by third parties in Indonesia in respect to the mining licences for the East Kutai Coal Project.

      Will Churchill be appealing the outcome, if not what will happen to the licences?

      The Company has appealed against the decision of the Administrative Tribunal, as was announced to the market on 10 March 2011. This appeal notice was lodged on 9 March 2011 with the Administrative Tribunal in Samarinda, East Kalimantan.

      What is the appeal process?

      The appeal will be heard by the Administrative High Court in Jakarta. It may take several months after lodgement of the appeal before the High Court issues its notification to the parties. This notification marks the beginning of the formal appeal process.

      What will happen if an appeal is unsuccessful?

      If the Administrative High Court appeal is unsuccessful, a further appeal can be lodged with the Indonesian Supreme Court. If the Supreme Court appeal is unsuccessful the Company can request a Civil Review of the Supreme Court decision.

      Further legal recourse may be sought under the jurisdiction of the International Centre for Settlement of Investment Disputes ("ICSID").

      Will the Tribunal documentation be available to all Shareholders and translated in English in an accurate word for word tran, to avoid any ambiguity in translation?

      A full summary of the Administrative Tribunal decision and a notarized English translation of the decisions will be made available to investors through the appropriate channels.

      What are the precise stages of the appeal process?

      The appeal, lodged by the Company on 9 March 2011, will be heard by the Administrative High Court in Jakarta.

      If the Administrative High Court appeal is unsuccessful, a further appeal can be lodged with the Indonesian Supreme Court.

      If the Supreme Court appeal is unsuccessful the Company can request a Civil Review of the Supreme Court decision.

      Further legal recourse may be sought under the jurisdiction of the International Centre for Settlement of Investment Disputes ("ICSID").

      Political decision

      Why did the Regent cancel (or attempt to cancel) the licenses?

      We can not speculate as to the motives of reasons of the Bupati.

      Status of other licences held/sought by Churchill

      Has Churchill committed any breaches of the mining or forestry laws in Indonesia?

      No, and we would refute any such allegations. It is our position that we meet our compliance and regulatory obligations.

      The Company continues to emphasizes that the Company and its partners have never done any mining at the EKCP site.

      The communities around the EKCP site have never made such a complaint, a claim which was substantiated by a sworn Ministry of Forestry affidavit from the chief of the local Dayak cultural council (the traditional community's foremost authority on land issues) that affirmed that local land owners have found the EKCP partners to have never performed any illegal activities and to have acted responsibly at all times. This evidence was presented during the Administrative Tribunal proceedings.



      Are the claims about forestry irregularities why the forestry permit has not been granted?

      We have applied for a forestry licence, and the Forestry Ministry is currently reviewing whether or not in fact the company needs such a licence (our mining licences make clear on their face that the land is not in a forestry area). This consideration is on-going, and we have no new information about this matter.
      1 Antwort
      Avatar
      schrieb am 14.03.11 07:23:46
      Beitrag Nr. 126 ()
      ANSICHTEN/MEINUNGEN EINES TEILNEHMERS IN EINEM ENGLISCHEN FORUM:

      Well the report from the MD is interesting. Although this is a problem they sound confident but they must have been confident going into the hearing and look what that got them. For the company and their Lawyers it seemed to be a no brainer as they have so much evidence that says the allegations were unfounded. But the hearing was not about this it was to look at the irregularities of the regent. Not weather the allegation was correct but weather the regent acted correctly to the process when receiving a letter of complaint from the community and the forestry board. The hearing result should have said that “The regent had followed the correct procedure when receiving a letter of complaint” Because that is what the whole event was about. It sounds like the lawyers have sent the company down the wrong path to cancel the Regents decision. Find an irregularity and the ruling will be expunged. So they now have this situation and market confidence is in tatters. They now need an appeal against the original ruling by the regent not his process but the detail behind the ruling. This is where the evidence they presented would be of some good.
      The company clearly feels the allegations were totally unfounded for the cancelation in the first place and now need to get all the evidence on the table to someone who actually has the authority to overturn the original ruling on the evidence presented. Maybe an appeal with the regent should have been made instead of a tribunal against him for the process he followed. It seems pretty clear they could not have committed a mining offence as they had not even started any mining. It has totally been a curve ball for them. They also seem to have plenty of supportive detail to have this cleared up. I think the lawyers have a lot to answer for why they have done this. Ask the wrong question and you get the wrong answer. It is like having a hearing for a driving offence that says you were in Scotland doing 140mph in May 2010 and somebody sent the Police a letter saying you did this so DVLA cancelled your license. But you have never driven and think challenging the Police office saying he didn’t follow the correct process when issuing the fine will cancel it out. So you make a legal action against the Policeman and they hold a tribunal. At the tribunal you say hey I have never been to Scotland and have never driven a car and also when the offence took place I was out of the country and here is my passport. Then ruling comes back that the Policeman didn’t do anything wrong and followed the correct process so the original judgment stands. They only make a judgment on the allegation not the offence. You lose your license. Then somebody whispers in your ear saying you should have presented all this to DVLA to have this cancelled you are barking up the wrong tree. The verdict appears to be a ruling on you speeding but it is only a ruling saying the process was correct. Hopefully the company and its lawyers know what they are doing this time and will get this sorted out quickly.
      There is a history of this happening before with local regent cancels’ licenses’ and by the look of things it is all noise in the background. As they say it is not recognized by any of the agencies and by the sound of it they must go through the process of appeal to get it off their records. No JV or offer of funding will be forthcoming if this big black mark hangs in the closet. It seems to be a strategy by the local regent to draw the company’s attention and get some commitment for local community funding or possible to get them to spend cash on community green projects as well as the possibility of the brown envelope.
      Avatar
      schrieb am 14.03.11 07:53:14
      Beitrag Nr. 127 ()
      Antwort auf Beitrag Nr.: 41.193.940 von Embudu1 am 13.03.11 18:25:26Schön das der Vorstand Stellung genommen hat !
      Avatar
      schrieb am 16.03.11 08:08:12
      Beitrag Nr. 128 ()
      Wieviel bezahlte Churchill eigentlich für die Abbau-Lizenzen ?
      Ohne Abbau-Genehmigung sind diese ja recht wertlos, der Fall erinnert mich zunehmend an ein Ereignis vor vielen Jahrzehnten ,mein Onkel kaufte als einer der ersten Deutschen nach dem Krieg ein Grundstück am Meer in Italien und wollte sich dort ein Ferien-Haus bauen, daraus wurde allerdings nie etwas,er bekam nie die zugesagte Baugenehmigung. Zunächst Einspruch des Militärs, dann anderer Organisationen. Nach über 25 Jahren wurde das Grundstück für einen Apfel und ein Ei wieder verkauft . Hoffentlich droht uns hier nicht dasselbe !
      1 Antwort
      Avatar
      schrieb am 16.03.11 08:58:44
      Beitrag Nr. 129 ()
      Antwort auf Beitrag Nr.: 41.213.377 von ernestokg am 16.03.11 08:08:12Hier geht es nicht drum ob oder wieviel sie bezahlen müssen...

      ...denke das die Chancen ganz stehen das sich hier wieder alles zum guten wendet.

      Wenn der Punkt geklärt wird,das Churchill kein Bergbau ausgeübt hat sollte die Lizenzen zügig wieder erteilt werden.

      Gerade weil ja auch staatliche firmen sich schon zukünftige Produktion Lieferungen gesichert haben.


      Vergesst bitte nicht...Churchill ist weithin Besitzer dieser Unmemgen an Kohle Ressourcen .

      Übernahme - bzw Beteiligungsgespräche werden aktuell sogar weiter geführt!!!:rolleyes:
      Avatar
      schrieb am 21.03.11 15:26:40
      Beitrag Nr. 130 ()
      RNS Number : 3202D
      Churchill Mining plc
      21 March 2011

      

      CHURCHILL MINING PLC



      ("Churchill" or "the Company")





      CHANGES TO BOARD AND MANAGEMENT STRUCTURE





      Churchill Mining Plc (AIM:CHL) ("Churchill") wishes to announce the following changes to its Board of Directors and Management structure.



      Mr. Paul G. Mazak will step down as Managing Director and from the Board to initially focus on assisting Churchill and its Indonesian partners prepare for the upcoming Administrative High Court Appeal.



      Mr. David Quinlivan, currently Non Executive Chairman of Churchill, will take over the day to day running of the Company as Executive Chairman.









      END



      For further information, please contact:





      Churchill Mining Plc

      David Quinlivan



      + 61 8 6382 3737


      Northland Capital Partners Limited

      Shane Gallwey / Luke Cairns



      +44(0)20 7492 4750




      Tavistock PR

      Paul Youens /

      Jos Simson



      +44(0)20 7920 3150

      pyouens@tavistock.co.uk
      Avatar
      schrieb am 29.03.11 15:29:14
      Beitrag Nr. 131 ()
      RNS Number : 8294D
      Churchill Mining plc
      29 March 2011

      

      29 March 2011 AIM: CHL



      CHURCHILL MINING PLC

      ("Churchill" or "the Company")



      REPORT FROM THE ADMINISTRATIVE TRIBUNAL



      Further to the announcement of 25 March 2011 Churchill Mining Plc ("Churchill" or "the Company") wishes to advise that the written judgments (one for each licence) from the State Administrative Tribunal in Samarinda, East Kalimantan ("the Tribunal") have been received and have been translated into English by the Indonesian associated office of the Company's solicitors, Herbert Smith LLP.



      Each judgment is approximately 90 pages long. A summary of each of the judgments will be available on the Company's website shortly at www.churchillmining.com, and full copies of translations of the judgments will be put on the Company's website later this week once checked and completed.



      The key findings of the State Administrative Tribunal are as follows:



      1. Part of the area covered by the EKCP Licences is a forestry area, which required a "borrow and use permit" (izin pinjam pakai) before exploration could be carried out, and that the Company and its Indonesian Partner, Ridlatama, had carried out exploration before obtaining such a permit.



      2. Although the EKCP Licences were issued on 24 May 2007 and upgraded on 9 April 2008, there were suspected irregularities in respect of the licences of 9 April 2008 as mentioned in the report by "Badan Pemeriksa Keuangan" or the "BPK", the State Financial Audit Body, and that the licensed area overlapped with a licence issued to the Nusantara Group on 18 February 2010.



      3. The Forestry Minister had requested the Bupati to stop the activities of Churchill/Ridlatama, investigate allegations of forgery by Churchill/Ridlatama and compel the obtaining of a "borrow and use permit", and that the staff of the Mining and Energy Department of the East Kutai Regency had recommended revocation of the EKCP Licences as a sanction for failing to comply with procedures relating to the use of the forests.



      4. The Tribunal decided therefore that the Bupati was within his rights to cancel the EKCP Licences.



      Initial Company response and appeal lodgement



      Churchill rejects the conclusions of the Tribunal. Churchill/Ridlatama have lodged notice of appeal to the Administrative High Court in Jakarta. The Company's/Ridlatama's solicitors are reviewing the judgments and appeal preparations are well underway.



      The Company/Ridlatama will take any and all steps necessary to defend their rights in relation to the EKCP Licences that make up the EKCP. The decision by the Tribunal is not final and binding as a matter of law until after all appeal avenues have been exhausted.



      While the Company rejects the Tribunal's findings generally, the Company would like to summarise its stance on the key findings of the Tribunal:



      · Churchill does not accept the conclusions regarding breach of forestry requirements: the Company does not believe the EKCP Licences cover a forestry area (although further clarity in relation to this is now being sought from the relevant authorities), or that a "borrow and use" permit was required before the production stage.



      · The Company also rejects any finding of the Tribunal in relation to the allegation of irregularities or forgery by Churchill/Ridlatama, which may have resulted in overlap, mentioned in the BPK report. These allegations were subsequently investigated both by the East Kutai Police and by the independent state agency tasked with the oversight and audit of statement accounts and spatial data (the correct reference to this agency is BAWASDA, not BPK as stated on 3 March) and the BAWASDA confirmed that the EKCP Licences were "legal and accountable". The Company challenges the validity of the 18 February 2010 licence referred to in the judgment as having been issued to Nusantara.



      The Company will advise when the full trans are available to the public and will provide updates on the appeal process as and when it is able to do so.



      If any investors have questions relating to these matters, they should address them by email to Paul Youens at pyouens@tavistock.co.uk. The Company cannot respond to investors individually, but plans to prepare a further webcast in due course and will respond where appropriate to such questions.



      END
      8 Antworten
      Avatar
      schrieb am 29.03.11 21:13:28
      Beitrag Nr. 132 ()
      Antwort auf Beitrag Nr.: 41.283.088 von Embudu1 am 29.03.11 15:29:14Churchill hatte diese Nachricht angekündigt…das in 14Tagen das Urteil nochmals veröffentlich wird….witzig das der Kurs heute bis zu 25% eingebrochen war…schade das ich in Frankfurt nicht zum Zuge kam
      7 Antworten
      Avatar
      schrieb am 31.03.11 12:32:07
      Beitrag Nr. 133 ()
      Churchill Mining plc
      Half Yearly Report
      RNS Number : 0095E
      Churchill Mining plc
      31 March 2011


      http://www.investegate.co.uk/Article.aspx?id=201103311110560…
      Avatar
      schrieb am 31.03.11 12:33:28
      Beitrag Nr. 134 ()
      Chairman's Statement



      Dear Shareholder,



      I present Churchill Mining Plc's ("Churchill" or the "Company") Half Year Report for the six months ended 31 December 2010. The period in review saw us make a number of key steps forward in terms of progressing and developing the East Kutai Coal Project (the "EKCP"). However, post period-end the Company was subject to a surprising negative ruling from the Samarinda Administrative Tribunal (the "Tribunal").



      The Tribunal action was initially undertaken by the Company and its Indonesian partners, Ridlatama, to protect the validity of the licenses that make up the EKCP (the "EKCP Licences"). The Company/Ridlatama immediately moved to lodge an appeal against this negative ruling to the Administrative High Court in Jakarta and will take any steps necessary to vigorously defend their rights in relation to the EKCP Licenses.



      The Board of the Company has been restructured and as a result Paul Mazak has stepped down as Managing Director and from the Board and he will focus on assisting with the preparation for the Administrative High Court appeal. I have now taken on the day to day running of the Company as Executive Chairman.



      The Company remains well funded with cash at bank of US$11.9 Million at the time of writing to pursue the appeal process and continue its strategy to develop value with the EKCP.



      EKCP PROGRESS



      It is relevant to highlight again that the EKCP has a JORC compliant Probable In-Situ reserve of 961 Million tonnes, which forms part of the 2.73 Billion tonnes JORC resource, with potential to expand this further and we believe this will be extremely attractive to end-users of thermal coal, particularly in India and China.



      The East Kutai Coal Project Geological Reserve statement, compiled by SMG Consultants, defines the updated JORC In-Situ Reserve/JORC Resource as follows:




      JORC In-Situ Reserve 961 million tonnes

      JORC Resource
      Measured 693 million tonnes
      Indicated 825 million tonnes
      Inferred 1,212 million tonnes
      Total JORC Resource 2,730 million tonnes





      Key achievements during the reporting period include:



      · Completion of a 30 Million Tonne per Annum Feasibility Study, which confirms the technical and economic feasibility of the Project and demonstrates that it is a world-class thermal coal deposit.



      Ø The Investment evaluation, modeled over an initial 25-year period, indicates a pre-tax net present value of US$1.8 Billion (discount rate of 10%), internal rate of return of 21% and payback period of 7 years.

      Ø The study estimates Pre-tax net cashflow in excess of US$500 Million per annum over the first 20 years of capacity production with a direct capital expenditure estimated at US$1.2 Billion before indirects (Engineering Procurement Construction Management ("EPCM"), insurance costs) and contingency.



      · Purchase of the land to be used as the site of the future port facility for the shipment of coal from the EKCP.



      Ø As announced in September 2010, Churchill received internal sign-off on the port site from the Department of Transportation initiating the land acquisition process in cooperation with the local community and relevant government departments.

      Ø The location of the port facility is a key component for the direct access of exporting thermal coal to the international markets. The port stockyard comprises of an area of just over 340 hectares and will allow for four stockpiles of approximately 500m each in length with a total storage capacity of 852,000 tonnes. The amount invested in the port land during the period was US$1.75 Million.





      BACKGROUND TO THE STATE ADMINISTRATIVE TRIBUNAL



      It was brought to the attention of the Company and its Indonesian partners, Ridlatama, in May 2010 that the East Kutai Regent ("Regent" or "Bupati") had purported to have cancelled the EKCP Licences.



      In September 2010, the Company and Ridlatama, in consultation with the Company's Advisory board and its Indonesian lawyers, initiated an administrative review, to protect the legal standing of the EKCP Licences, so as to underpin the licences during this crucial period of development and valuation of the assets. The Company and Ridlatama initiated the administrative review in order to ensure that the full valuation of the EKCP is derived from the current negotiations with potential strategic partners. The administrative review addressed ongoing irregular actions and misrepresentations by third parties in Indonesia in respect to the mining licences of the EKCP, including the purported cancellation of the EKCP Licences by the Bupati.



      Under the Indonesian legal system an Administrative Tribunal is supposed to rule strictly on matters of process as to whether bureaucrats, elected officials, and government institutions have observed procedural rules and regulations in making decisions. On 3 March 2011, the Administrative Tribunal ruled against the Company and Ridlatama, finding that the Bupati's attempted cancellation of the EKCP Licenses did not defy any administrative regulations.



      The Tribunal's finding was based on suspected irregularities in respect of the EKCP exploration licences, as mentioned in a report by "Badan Pemeriksa Keuangan" or the "BPK", the State Financial Audit Body, an assertion that the licensed area overlapped with a licence issued to the Nusantara Group on 18 February 2010, as well as alleged illegal mining activity in a forestry area.



      The Company / Ridlatama reject the conclusions of the Tribunal. In particular, they do not believe that the EKCP Licences cover a forestry area (although further clarity in relation to this is now being sought from the relevant authorities). Further, they reject the finding in relation to the allegation of irregularities or forgery in relation to the EKCP Licences which may have resulted in the overlap mentioned in the BPK report. The Company challenges the validity of the 18 February 2010 licence referred to in the Tribunal's judgment as having been issued to the Nusantara group.



      APPEAL



      The Company / Ridlatama lodged an appeal to the Administrative High Court in Jakarta on 9 March 2011 and will vigorously defend their rights in relation to the EKCP Licenses. The Company / Ridlatama have engaged experienced International Legal Firm Herbert Smith LLP to lead the appeal action.



      FINANCIAL REVIEW



      In line with our expectations as a Company in the pre-production phase, the loss for the half year was US$3.0 Million or 3.13c per ordinary share (Dec 2009: US$3.1 Million or 3.91c per share). Administrative expenses were US$3.4 Million (Dec 2009: US$1.9 Million) reflecting the increased costs of legal, professional and consulting expenses in addition to the increased activity in the Indonesian office. During the half year the Company committed approximately US$5.8 Million (Dec 2009: US$4.6 Million) to exploration and evaluation, land acquisition & pre development expenditure at the East Kutai Coal Project.



      During the period the Company's interest in Spitfire Resources Limited was reduced from 21.74% to 18.45% resulting in Spitfire Resources Limited no longer being accounted for as an associate. The Company remains the largest shareholder of Spitfire Resources Limited and now holds its investment in Spitfire as an available for sale financial asset. The carrying value of Spitfire at 31 December 2010 is US$2.46 Million.







      The Group's statement of financial position as at 31 December 2010 and comparatives at 31 December 2009 and 30 June 2010 are summarised below:



      31 Dec 2010
      31 Dec 2009
      30 June 2010



      $'000
      $'000
      $'000










      Non-current assets
      32,003
      23,038
      25,846

      Current assets
      18,332
      5,470
      27,501

      Total assets
      50,335
      28,508
      53,347

      Current liabilities
      4,064
      699
      4,408

      Non-current liabilities
      61
      41
      42

      Total liabilities
      4,125
      740
      4,450

      Net assets
      46,210
      27,768
      48,897




      On behalf of the Board I would like thank you, our Shareholders, for your continued support and can assure you the Directors will continue to focus on shareholder value and work diligently in the months ahead to restore value to the Company.



      I look forward to updating you on the Company's developments as we progress during the year.







      David F Quinlivan

      Chairman






      Competent Person's Statements



      The information in this report relating to the JORC Resource of the East Kutai Coal Project and technical matters is based on information compiled by Mark Manners, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Manners is employed as a Principal Geologist by SMG Consultants Pty Ltd and has over 20 years experience in exploration and mining of coal deposits. Mr Manner's consents to the inclusion in the Report of the information as presented. He has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the type of activity described to qualify as a competent person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".



      The information in this report relating to the Probable In-Situ Reserve of the East Kutai Coal Project is based on information compiled by Keith Whitchurch, who is a Member of the Australasian Institute of Mining and Metallurgy, a Chartered Professional Mining Engineer by PT SMG Consultants. Keith Whitchurch has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves". Keith Whitchurch has over 25 years experience in planning and mining of coal deposits.



      Reference is made to Note 1 to the financial statements. An unsuccessful outcome will have a negative impact on the compliance of the Resource and Reserves estimates with the JORC code. As the ultimate outcome remains unknown there has been no adjustment to either statements at this time.








      Introduction

      We have been engaged by the company to review the condensed set of financial statements in the half-yearly financial report for the six months ended 31 December 2010 which comprises the consolidated statement of comprehensive income, the consolidated statement of financial position, the consolidated statement of changes in equity and the consolidated statement of cash flows and related notes.

      We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the condensed set of financial statements.

      Directors' responsibilities

      The interim report, including the financial information contained therein, is the responsibility of and has been approved by the directors. The directors are responsible for preparing the interim report in accordance with the rules of the London Stock Exchange for companies trading securities on AIM which require that the half-yearly report be presented and prepared in a form consistent with that which will be adopted in the company's annual accounts having regard to the accounting standards applicable to such annual accounts.

      Our responsibility

      Our responsibility is to express to the company a conclusion on the condensed set of financial statements in the half-yearly financial report based on our review.

      Our report has been prepared in accordance with the terms of our engagement to assist the company in meeting the requirements of the rules of the London Stock Exchange for companies trading securities on AIM and for no other purpose. No person is entitled to rely on this report unless such a person is a person entitled to rely upon this report by virtue of and for the purpose of our terms of engagement or has been expressly authorised to do so by our prior written consent. Save as above, we do not accept responsibility for this report to any other person or for any other purpose and we hereby expressly disclaim any and all such liability

      Scope of review

      We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410, ''Review of Interim Financial Information Performed by the Independent Auditor of the Entity'', issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

      Conclusion

      Based on our review, nothing has come to our attention that causes us to believe that the condensed set of financial statements in the half-yearly financial report for the six months ended 31 December 2010 is not prepared, in all material respects, in accordance with the rules of the London Stock Exchange for companies trading securities on AIM.

      Emphasis of matter - status of licences

      In forming our review conclusion, which is not qualified, we have considered the adequacy of the disclosures made in note 1 to the condensed consolidated financial statements and in the Chairman's Statement concerning the negative ruling from the Samarinda Administrative Tribunal in relation to the licenses that make up the East Kutai Coal Project ("the EKCP"). Should the Company be unsuccessful in all avenues of appeal then it may lose the right to exploit and commercialise the coal within the EKCP licensed areas.

      While the Company continues to defend its rights in relation to the EKCP licenses with its legal advisers through the appeal process there are currently no assurances that the appeal process will be successful and accordingly the ultimate outcome of the matter cannot presently be determined. On this basis no adjustment to the carrying value of intangible assets has been made in these condensed consolidated financial statements.



      BDO LLP

      Chartered Accountants and Registered Auditors

      London

      31 March 2011



      BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127).




      CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDING 31 DECEMBER 2010





      6 months to
      6 months to
      Year ended



      31 Dec 2010
      31 Dec 2009
      30 June 2010



      Unaudited
      Unaudited
      Audited



      $'000
      $'000
      $'000

      Revenue
      -
      -
      -

      Cost of Sales
      -
      -
      -

      Gross Profit /(Loss)
      -
      -
      -










      Other operating income
      -
      -
      -










      Other administrative expenses
      (3,396)
      (1,897)
      (4,187)

      Impairment of exploration assets
      -
      -
      (1,565)

      Total administrative expenses
      (3,396)
      (1,897)
      (5,752)










      Loss from operations
      (3,396)
      (1,897)
      (5,752)










      Finance income - interest received
      20
      33
      19

      Finance income - foreign exchange gains
      175
      -
      63

      Total finance income
      195
      33
      82










      Finance expenses - interest
      -
      (1)
      (3)

      Finance expenses - foreign exchange losses
      (65)
      (20)
      (130)

      Total finance expenses
      (65)
      (21)
      (133)










      Fair value loss on options held in associate
      -
      (87)
      (101)

      Fair value gain/(loss) of investment in associate
      772
      (916)
      (346)

      Deemed loss on disposal of associate
      (54)
      (25)
      (52)

      Share of operating loss of associate
      (482)
      (146)
      (374)










      Loss before taxation
      (3,030)
      (3,059)
      (6,676)

      Tax expense
      -
      -
      -










      Loss for the period/year attributable to equity shareholders of the parent
      (3,030)
      (3,059)
      (6,676)

      Other comprehensive income:







      Net loss on revaluation of financial assets
      (71)
      -
      -

      Foreign exchange differences on translating foreign operations
      413
      290
      322

      Other comprehensive income for the period/year
      342
      290
      322










      Total comprehensive income for the period/yearattributable to equity shareholders of the parent
      (2,688)
      (2,769)
      (6,354)










      Loss for the period/year attributable to:







      Owners of the parent
      (3,030)
      (3,059)
      (6,676)

      Non-controlling interest
      -
      -
      -



      (3,030)
      (3,059)
      (6,676)

      Total comprehensive loss for the period/year attributable to:









      Owners of the parent
      (2,688)
      (2,769)
      (6,354)

      Non-controlling interest
      -
      -
      -



      (2,688)
      (2,769)
      (6,354)

      Loss per share attributable to owners of the parent:







      Basic and diluted loss per share (cents)
      (3.13c)
      (3.91c)
      (8.25c)





      CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2010















      6 months to
      6 months to
      Year ended

      31 Dec 2010
      31 Dec 2009
      30 June 2010

      Unaudited
      Unaudited
      Audited

      $'000
      $'000
      $'000


















      ASSETS









      Current assets









      Cash and cash equivalents


      13,552
      5,330
      22,879

      Trade and other receivables


      4,780
      140
      4,622

      Total current assets


      18,332
      5,470
      27,501












      Non-current assets









      Property, Plant and Equipment


      241
      236
      238

      Land and Buildings


      1,757
      -
      -

      Other receivables


      1,356
      1,076
      1,230

      Intangible assets
      3
      26,185
      20,030
      22,450

      Other financial assets


      2,464
      22
      -

      Investments in associates


      -
      1,674
      1,928

      Total non-current assets


      32,003
      23,038
      25,846












      TOTAL ASSETS


      50,335
      28,508
      53,347












      LIABILITIES









      Current Liabilities









      Trade and other payables


      759
      698
      1,105

      Loans and Borrowings


      3,305
      1
      3,303

      Total current liabilities


      4,064
      699
      4,408












      Non-current liabilities









      Provisions


      61
      41
      42

      Total non-current liabilities


      61
      41
      42












      TOTAL LIABILITIES


      4,125
      740
      4,450












      NET ASSETS


      46,210
      27,768
      48,897












      CAPITAL & RESERVES ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY




















      Share Capital


      1,797
      1,558
      1,797

      Share premium


      62,982
      39,804
      62,982

      Available for Sale reserve


      (71)
      -
      -

      Merger reserve


      6,828
      6,828
      6,828

      Other reserves


      3,231
      2,593
      2,818

      Retained deficit


      (29,662)
      (23,015)
      (26,632)

      TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT


      45,105
      27,768
      47,793







      CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2010

















      Non-controlling interest


      1,105
      -
      1,104

      TOTAL EQUITY


      46,210
      27,768
      48,897









      CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE 6 MONTHS ENDING 31 DECEMBER 2010





      Share
      Share
      Merger
      Retained
      Other Reserves


      Total
      Non-
      Total



      Capital
      Premium
      Reserve
      Deficit
      Equity
      controlling
      Equity





      Reserve




      Foreign
      Equity
      Available
      attributable
      interest













      exchange
      settled share options
      For sale reserve
      to equity holders of





















      the company







      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
























      Changes in equity for period to 31 December 2009





















      Balance at 1 July 2009
      1,507
      39,147
      6,828
      (19,956)
      (667)
      2,667
      -
      29,526
      -
      29,526

      Loss for the period
      -
      -
      -
      (3,059)
      -
      -
      -
      (3,059)
      -
      (3,059)

      Foreign exchange differences on translating foreign operations
      -
      -
      -
      -
      290
      -
      -
      290
      -
      290

      Recognition of share based payments
      -
      -
      -
      -
      -
      303
      -
      303
      -
      303

      Issue of shares
      51
      657
      -
      -
      -
      -
      -
      708
      -
      708

      Balance at 31 December 2009
      1,558
      39,804
      6,828
      (23,015)
      (377)
      2,970
      -
      27,768
      -
      27,768
























      Changes in equity for period to 31 December 2010





















      Balance at 1 July 2010
      1,797
      62,982
      6,828
      (26,632)
      (345)
      3,163
      -
      47,793
      1,104
      48,897

      Loss for the period
      -
      -
      -
      (3,030)
      -
      -
      -
      (3,030)
      -
      (3,030)

      Foreign exchange differences on translating foreign operations
      -
      -
      -
      -
      413
      -


      413
      -
      413

      Net loss on revaluation of financial asset
      -
      -
      -
      -
      -
      -
      (71)
      (71)
      -
      (71)

      Non-controlling interests' share of reserves
      -
      -
      -
      -
      -
      -


      -
      1
      1

      Balance at 31 December 2010
      1,797
      62,982
      6,828
      (29,662)
      68
      3,163
      (71)
      45,105
      1,105
      46,210




      CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE 6 MONTHS ENDING 31 DECEMBER 2010


































      6 months to
      6 months to
      Year ended













      31 Dec 2010
      31 Dec 2009
      30 June 2010













      Unaudited
      Unaudited
      Audited











      Note
      $'000
      $'000
      $'000































      Cash flows from operating activities
      4
      (3,578)
      (1,559)
      (3,733)

      Interest paid


      -
      (1)
      (2)

      Net cash flows from operating activities


      (3,578)
      (1,560)
      (3,735)












      Cash flows used in investing activities









      Finance Income


      20
      9
      19

      Payments for plant and equipment


      (48)
      (64)
      (91)

      Payments for land and buildings


      (1,757)
      -
      -

      Payments for exploration and evaluation


      (4,083)
      (4,681)
      (8,287)

      Cash flows used in investing activities


      (5,868)
      (4,736)
      (8,359)












      Cash flows from financing activities









      Proceeds from issue of share capital


      -
      708
      24,381

      Share issue expenses paid


      -
      -
      (256)

      Repayments of borrowings


      -
      (7)
      (8)

      Cash flows from financing activities


      -
      701
      24,117












      Net (decrease)/increase in cash and cash equivalents


      (9,446)
      (5,595)
      12,023

      Cash and cash equivalents at start of the period/year


      22,879
      10,903
      10,903

      Effect of foreign exchange rate differences


      119
      22
      (47)












      Cash and cash equivalents at end of period/year


      13,552
      5,330
      22,879
















      1. BASIS OF PREPARATION



      The consolidated interim financial statements of the Group for the six months ended 31 December 2010 which comprise the Company and its subsidiaries (together referred to as the "Group) were approved by the Board on 31 March 2010. The interim results have not been audited, but were the subject of an independent review carried out by the Company's auditors, BDO LLP. The interim financial information has been prepared using policies based on International Financial Reporting Standards (IFRS and IFRIC interpretations) issued by the International Accounting Standards Board ("IASB") as adopted for use in the EU. The financial information for the six months to 31 December 2010 does not constitute statutory accounts of the Company or the Group. These accounts have been prepared in accordance with the accounting policies that are expected to be applied in the Report and Accounts of Churchill Mining PLC for the year ending 30 June 2011. The statutory accounts for the year ended 30 June 2010 have been filed with the Registrar of Companies. The auditor's report on those accounts was unqualified, did not include any references to any matters to which the auditors drew attention by way of emphasis and did not contain a statement under section 498(2)-(3) of the Companies Act 2006.



      The consolidated financial statements incorporate the results of Churchill Mining PLC and its subsidiary undertakings as at 31 December 2010. The corresponding amounts are for the year ended 30 June 2010 and the 6 month period ended 31 December 2009.



      On the 3 March 2011 the Company announced that it had received a negative ruling from the Samarinda Administrative Tribunal in relation to the licenses that make up the East Kutai Coal Project ("the EKCP"). This tribunal action was initially undertaken by the Company and its Indonesian partners to protect the validity of the EKCP licenses. The detailed background to the Tribunal findings and the appeal process which is being undertaken by the Company are referred to in more detail in the Chairman's Statement..



      The Company / Ridlatama lodged an appeal to the Administrative High Court in Jakarta on 9 March 2011 and will vigorously defend their rights in relation to the EKCP Licenses. Should the Company be unsuccessful in all avenues of appeal then it may lose the right to exploit and commercialise the coal within the EKCP licensed areas. While the Company continues to defend its rights in relation to the EKCP licenses with its legal advisers through the appeal process there are currently no assurances that the appeal process will be successful and accordingly the ultimate outcome of the matter cannot presently be determined. On this basis no adjustment to the carrying value of intangible assets has been made in these condensed consolidated financial statements.







      2. LOSS PER SHARE

      Basic loss per share is calculated by dividing the loss attributable to ordinary shareholders by the weighted average number of Ordinary Shares outstanding during the period.






      6 months to
      6 months to
      Year ended



      31 Dec 2010
      31 Dec 2009
      30 June 2010



      Unaudited
      Unaudited
      Audited



      $'000
      $'000
      $'000










      Loss for the period/year attributable to ordinary shareholders
      (3,030)
      (3,059)
      (6,676)












      Number of Shares
      Number of Shares
      Number of Shares

      Weighted average number of shares used in the calculation of basic loss per share
      96,727,354
      78,236,738
      80,918,920










      Weighted average number of shares used in the calculation of diluted loss per share
      104,522,823
      6,461,292
      87,918,819










      Total loss per share
















      Basic loss per share
      (3.13c)
      (3.91c)
      (8.25c)










      Loss per share
















      Basic and diluted loss per share
      (3.13c)
      (3.91c)
      (8.25c)




      The total number of shares in issue at 31 December 2010 amounted to 96,727,354 (31 December 2009 - 80,438,514). The total amount of options held over the shares at 31 December 2010 was 12,040,348 (31 December 2009 - 12,241,486). These options are exercisable at prices that range between 12p (19c) and 80p ($1.27).



      The effect of all potential ordinary shares arising from the exercise of options going forward is considered to be anti-dilutive.





      3. INTANGIBLE ASSETS





      6 months to
      6 months to
      Year ended



      31 Dec 2010
      31 Dec 2009
      30 June 2010



      Unaudited
      Unaudited
      Audited



      $'000
      $'000
      $'000










      Exploration and evaluation assets







      Capitalised exploration expenditure:







      Balance at start of period/ year
      19,578
      12,553
      12,553

      Additions
      3,725
      4,602
      8,590

      Impairment of exploration costs
      -
      -
      (1,565)

      Balance at end of period/year
      23,303
      17,155
      19,578










      Exploration and evaluation assets







      Cost of acquisition:







      Balance at start of period/year
      2,872
      2,869
      2,869

      Effects of movements in exchange rates
      10
      6
      3

      Balance at end of period/year
      2,882
      2,875
      2,872










      Total







      Cost:







      Balance at start of period/year
      22,450
      15,422
      15,422

      Additions
      3,725
      4,602
      8,590

      Impairment of exploration and evaluation assets
      -
      -
      (1,565)

      Effects of movements in exchange rates
      10
      6
      3










      Balance at end of period/year
      26,185
      20,030
      22,450















      Exploration and Evaluation Expenditure Consolidated

      December 2010
      Assets
      Liabilities
      Income
      Expense
      Operating cash flows
      Investing cash flows

      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
















      South Woodie Woodie Project
      251
      -
      -
      -
      -
      -

      Sendawar/CBM Project
      -
      -
      -
      -
      -
      -

      East Kutai Project
      25,934
      262
      -
      -
      -
      (4,083)



      26,185
      262
      -
      -
      -
      (4,083)

























      Exploration and Evaluation Expenditure Consolidated

      June 2010
      Assets
      Liabilities
      Income
      Expense
      Operating cash flows
      Investing cash flows

      $'000
      $'000
      $'000
      $'000
      $'000
      $'000
















      South Woodie Woodie Project
      211
      -
      -
      -
      -
      -

      Sendawar/CBM Project
      -
      -
      -
      (1,565)
      -
      -

      East Kutai Project
      22,239
      649
      -
      -
      -
      (8,287)



      22,450
      649
      -
      (1,565)
      -
      (8,287)



















      As detailed in note 1, should the Company be unsuccessful in all forms of appeal and arbitration, then it may lose the right to exploit and commercialise the coal within the EKCP licensed areas. There are currently no assurances that the appeal process or arbitration will be successful and therefore the ultimate outcome of the matter cannot presently be determined. No adjustment to the carrying value of the intangible assets has been made in these financial statements.







      4. NOTES TO THE STATEMENT OF CASH FLOWS





      6 months to
      6 months to
      Year ended



      31 Dec 2010
      31 Dec 2009
      30 June 2010



      Unaudited
      Unaudited
      Audited



      $'000
      $'000
      $'000

      Reconciliation of loss after tax to cash flows from operating activities
















      Loss after tax
      (3,030)
      (3,059)
      (6,676)










      Share option expense
      -
      303
      496

      Net exchange differences
      (110)
      (5)
      58

      Depreciation
      41
      51
      90

      Impairment expense
      -
      -
      1,565

      Interest revenue in investing activities
      (20)
      (9)
      (19)

      Fair value loss on options held in associate
      -
      87
      110

      Fair value (gain) / impairment on investments in associate
      (772)
      916
      346

      Deemed loss on disposal of associate
      54
      25
      52

      Share of associate loss
      482
      146
      374










      Increase in receivables
      (283)
      (239)
      (440)

      Increase in payables and accruals
      60
      225
      311










      Cash flow from operating activities
      (3,578)
      (1,559)
      (3,733)








      5. TAXATION



      No taxation has been provided due to losses in the period. No deferred tax asset has been recognised for past or current losses as the recoverability of any such assets is not considered probable in the foreseeable future.



      6. EVENTS AFTER THE REPORTING DATE



      On 14 January 2011 the company issued 250,000 fully paid ordinary shares upon the exercise of 50p share options.



      On 25 February 2011 the company issued 1,200,000 fully paid ordinary shares upon the exercise of 12p share options.



      On 21 March 2011 the company announced the resignation of Mr Paul Mazak as Managing Director and as a Director of the Company.



      7. RECOVERABLE VALUE ADDED TAX ("VAT") - INDONESIA



      Included in Non-current other receivables is an Indonesian VAT receivable of $1,355,398 (30 June 2010: $1,230,410). Indonesian VAT on exploration and administration costs is not recoverable until the commencement of commercial mining services and related operations. Taking into consideration the implementation of the new Mining Law in Indonesia in 2009 and the operating structure of the Group, in addition to the application of the new VAT laws in Indonesia applicable from 1 April 2010, the Directors anticipate that the VAT receivable will be recovered in accordance with Indonesian law. However, if the Group's Indonesian projects do not proceed to production, some or all of the VAT may not be recoverable. No provision has been made in the Group accounts for any potential non-recovery of VAT.



      8. FORWARD LOOKING STATEMENTS



      This report contains certain forward looking statements, which include assumptions with respect to future plans, results and capital expenditures. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Please refer to the Company's Annual Report available from the Company's web site for a list of risk factors. The Company's actual results could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this report are made as at the date of this report.



      9. INTERIM REPORT



      Copies of this interim report for the six months ended 31 December 2010 will be available from the offices of Churchill Mining PLC, Suite 1, 346 Barker Road, Subiaco, WA, 6008, and on the company's website www.churchillmining.com

      For further information, please contact:





      Churchill Mining Plc

      David Quinlivan



      + 61 8 6382 3737


      Northland Capital Partners Limited

      Shane Gallwey /

      Luke Cairns



      +44(0)20 7492 4750
      Tavistock Communications

      Paul Youens /

      Jos Simson



      +44(0)20 7920 3150

      pyouens@tavistock.co.uk
      Avatar
      schrieb am 31.03.11 12:56:57
      Beitrag Nr. 135 ()
      Antwort auf Beitrag Nr.: 41.285.284 von donnerpower am 29.03.11 21:13:28Kursrückgang für mich auf der aktuellen Basis nicht nachvollziehbar...habe noch mal 9000stück gerade in Frankfurt geordert...hätte gerne auch welche zu 0,25-0,27 gehabt leider spielt der MM in Deutschland ohne Aufpreis nicht mit:mad:
      6 Antworten
      Avatar
      schrieb am 31.03.11 13:13:38
      Beitrag Nr. 136 ()
      Antwort auf Beitrag Nr.: 41.295.956 von donnerpower am 31.03.11 12:56:57@Donnerpower: Ich habe gerade auch noch einmal ein wenig nachgeordert. Leider war ich etwas zu langsam ... 0,30X. Die starken Kursbewegungen erscheinen mir wenig plausibel. Auf nähere Erläuterungen zu meinen Ansichten möchte ich - wie immer - verzichten. Viel Erfolg noch hier ... und natürlich bei Coalcorp.
      5 Antworten
      Avatar
      schrieb am 31.03.11 19:58:47
      Beitrag Nr. 137 ()
      Antwort auf Beitrag Nr.: 41.296.062 von Embudu1 am 31.03.11 13:13:38Also mir ist die Kursbewegung schon verständlich, die sollen ja ohne Genehmigung nach der Kohle in den Wäldern ( Naturschutzgebiet ? ) gebohrt haben , bzw sich von ihrem Partner vor Ort haben reinlegen lassen.
      1 Antwort
      Avatar
      schrieb am 31.03.11 20:15:54
      Beitrag Nr. 138 ()
      All das hat uns die Gesellschaft nicht mitgeteilt, fühle mich hinters Licht geführt, da ich aber nur Kleinaktionär bin lohnt es sich für mich aber nicht zum RA zu rennen, würde mich evt aber einer Sammelklage anschließen !
      Avatar
      schrieb am 31.03.11 20:32:16
      Beitrag Nr. 139 ()
      Antwort auf Beitrag Nr.: 41.299.364 von ernestokg am 31.03.11 19:58:47Und ? Das wissen wir schon einige Tage...

      Meiner Meinung sind ihr einige große Daytrader Short..clever gemacht wenn man alte nachrichten dazu nutzen kann.

      Am Ende sollte man schon wissen das wir hier von Abbau Lizenzen reden und nicht die Ressourcen im ganzen die weiterhin Churchill gehören.
      Avatar
      schrieb am 31.03.11 21:03:39
      Beitrag Nr. 140 ()
      @Ernesto: Ich meinte natürlich die starken Kursbewegungen zwischen ca. 0,26 €-Cent bis 0,45 €-Cent nach dem Absturz. Und ebenso die Intensität des Kursrückgangs von ca. 1,40 € auf nun unter 0,40 €-Cent. Ich war auch schon bei 1,35 € hier investiert und erachtete dieses Invest als sinnvoll; dies ist nun zu diesen Kursen erst Recht der Fall ... zumindest mit einem vertretbaren "Spielgeld".
      Avatar
      schrieb am 01.04.11 13:14:27
      Beitrag Nr. 141 ()
      RNS Number : 1295E
      Churchill Mining plc
      01 April 2011

      

      1 April 2011 AIM: CHL





      CHURCHILL MINING PLC

      ("Churchill" or "the Company")



      REPORT FROM THE ADMINISTRATIVE TRIBUNAL

      Further to the announcement of 29 March 2011 Churchill Mining Plc ("Churchill" or "the Company") wishes to advise that the full written judgments (one for each licence) from the State Administrative Tribunal in Samarinda, East Kalimantan ("the Tribunal") have been translated and are available on the Company's website at www.churchillmining.com





      END
      Avatar
      schrieb am 03.04.11 19:09:20
      Beitrag Nr. 142 ()
      Aktueller Kursrückgang auf 20-22p weiterhin unberechtigt..weitere Nachkäufe aktuell im Blickfeld

      Zusammenfassung:

      Churchill Mining well funded to appeal tribunal ruling over East Kutai coal project

      Churchill Mining (LON:CHL) said its financial results in the first half were in line with expectations and it was fully funded to appeal judgments from the Samarinda tribunal in Indonesia.

      The company’s key asset is the East Kutai coal development project in Indonesia. Churchill is currently in the middle of a dispute, which centers on an attempt by regional authorities to cancel the licenses that host the project.

      The Samarinda tribunal gave a verbal ruling, against Churchill, on the 3 March 2011. Since then Churchill has appealed the decision to the Administrative High Court in Jakarta.

      During the six months to 31 December 2010, Churchill completed a 30 million tonne (Mt) per annum feasibility study, which confirmed the technical and economical feasibility of the project. The investment evaluation, modelled over an initial 25-year period, indicated a pre-tax net present value of US$1.8 billion and a pre-tax net cashflow in excess of US$500 million per annum over the first 20 years of capacity production with a direct expenditure of US$1.2 billion.

      EKCP has a JORC compliant probable in-situ reserve of 961 million tonnes, which forms part of the 2.73 billion tonnes JORC resource, with potential for further expansion.

      Churchill’s financial results were in line with expectations. The loss for the half year was US$3 million, or 3.13 pence per share as administrative expenses amounted to US$3.4 million. About US$5.8 million was committed to exploration and evaluation, land acquisition & pre development expenditure at East Kutai.

      Churchill currently has US$11.9 million in the bank, which it said makes it well funded to pursue the appeal process and continue its strategy to develop value with the project.


      http://www.proactiveinvestors.co.uk/companies/news/26918/chu…
      Avatar
      schrieb am 04.04.11 21:57:26
      Beitrag Nr. 143 ()
      Antwort auf Beitrag Nr.: 41.296.062 von Embudu1 am 31.03.11 13:13:38und natürlich bei Coalcorp

      Auch da habe ich zu Tiefs preisen meine Posi ausgebaut...die Geduld hat sich ausgezahlt.:rolleyes:
      2 Antworten
      Avatar
      schrieb am 04.04.11 21:59:57
      Beitrag Nr. 144 ()
      Antwort auf Beitrag Nr.: 41.317.013 von donnerpower am 04.04.11 21:57:26Hi,

      da hast du aber echt mal "Geduld bewiesen" Hut ab....
      Mal sehen ob ich da mal wieder vorbei schaue.
      Bin ja gar nicht mehr auf dem laufendem......


      Gruß
      TimLuca
      1 Antwort
      Avatar
      schrieb am 04.04.11 22:04:11
      Beitrag Nr. 145 ()
      Antwort auf Beitrag Nr.: 41.317.024 von TimLuca am 04.04.11 21:59:57Ist eigentlich ganz einfach bei Coalcorp..schau in den bekannten Faktenthread...letztes Posting...ich sage nur drei Zahlen und dann rechne ;)

      Aber zurück zu Churchill...ich sage immer noch das der aktuelle Kurs zu Zeit durch Short`s auf dem unteren Level (20p) liegt. :O
      Avatar
      schrieb am 04.04.11 22:07:15
      Beitrag Nr. 146 ()
      Mal ne Info aus dem Kohle Sektor

      Neuer Rekordkontrakt
      Xstrata, Kohle-Lieferpreis zieht deutlich an
      1. April 2011

      Der Schweizer Rohstoffriese hat einen neuen Liefervertrag für Kohle abgeschlossen - mit deutlich erhöhten Preisen.

      Einem Bericht der Nachrichtenagentur Reuters zufolge haben sich die Schweizer Xstrata (WKN: 552834) sowie der japanische Konzern Chugoku Electric Power (WKN: 864366) auf einen neuen Liefervertrag für Kohle geeinigt. Dieser solle ab dem heutigen Datum gelten. Beide Unternehmen arbeiten bereits zusammen, sodass ein Preisvergleich mit vorherigen Kontrakten lohnt: Unbestätigten Angaben zufolge soll der vereinbarte Preis für die Kohle um 30 Prozent gestiegen sein und nun bei 130 Dollar pro Tonne liegen.

      Beide Unternehmen scheinen daher mit weiter steigenden Kohlepreisen zu rechnen. Die nun vereinbarte Abrechnungsgrundlage liegt rund 10 Dollar über dem Kohlepreis, der im Allgemeinen als Vergleichsbasis für den asiatischen Raum dient. Der Kontrakt stellt einen neuen Rekordpreis dar, der bisher bei 125 Dollar lag. Dabei dürften mehrere Faktoren eine Rolle gespielt haben, unter anderem die wetterbedingten Produktionsprobleme im australischen Kohlesektor.
      Avatar
      schrieb am 05.04.11 15:47:44
      Beitrag Nr. 147 ()
      RNS Number : 3413E
      Churchill Mining plc
      05 April 2011

      

      5 April 2011

      CHURCHILL MINING PLC

      ("Churchill" to "the Company")



      Update on Ridlatama's forestry-use permits





      Churchill Mining announced on 14 March 2011 that clarity was being sought as to whether the EKCP Licences covered forestry areas and whether forestry-use permits were required.



      Background to Ridlatama's applications for forestry-use permits



      Indonesian Ministry of Forestry Decree No 79/Kpts-II/2001 dated 15 March 2001 and the forestry Block Map (Map No 1816) attached to this Decree show that part of the EKCP Licences relate to production forestry areas and would require Ridlatama / Churchill to obtain forestry-use permits. A more recent written statement, however, from the Regional Forestry Office in Sangatta dated 24 August 2009 states that the Regional Forestry Office considered the EKCP Licences to be in non-forestry areas.



      In the absence of clarity surrounding whether or not Churchill / Ridlatama required forestry-use permits for the EKCP Licences, on 9 September 2009 Churchill / Ridlatama applied to the Ministry of Forestry for forestry-use permits covering the EKCP Licences.



      Those applications for forestry-use permits are supported by a recommendation by the Bupati dated 3 September 2009 and subsequently by:



      · a recommendation by Planology at the Forestry Office of the Provincial Governor dated 2 October 2009;

      · a recommendation by the Governor of East Kalimantan dated 22 March 2010; and

      · a recommendation by the Director General of the Ministry of Energy and Mineral Resources dated 2 September 2010.





      Forestry-use permit applications update



      On 3 March 2011 the Administrative Tribunal ruling made reference to the existence of letters dated 31 March and 21 April 2010 from the Ministry of Forestry which rejected Ridlatama's forestry-use permit applications.



      Prior to the Administrative Tribunal's ruling, the Board was not aware of the existence of such letters. Since reference to these letters was made in the Administrative Tribunal ruling, the Board has been seeking to ascertain the position in relation to these letters.



      The Board has now been provided with copies of two letters, dated 31 March and 21 April 2010, which state that the applications for forestry-use permits in respect of two of the four EKCP Licences, PT Investmine Nusa Persada and PT Ridlatama Trade Powerindo respectively, (these being the two southernmost licenses on which there is currently no identified reserve or resource) have been rejected. The Board is investigating whether similar letters in relation to the other two EKCP Licences exist.



      The Company / Ridlatama continue to liaise with the Ministry of Forestry to ascertain whether forestry-use permits are in fact required.



      The Board believed that the applications for forestry-use permits, and the question of whether such permits were in fact necessary, were still being considered by the relevant authorities. It now appears that the applications are no longer under consideration. The letters cite the alleged overlap between the EKCP Licences and licences held by the Nusantara Group as being the reason why the applications cannot be considered and were therefore rejected. The Company rejects any suggestion of overlap and expects this issue to be addressed in the forthcoming appeal of the decision of the Administrative Tribunal.



      Current position



      The Board is liaising with the Ministry of Forestry and Ridlatama to ascertain the exact position in relation to the four applications for forestry-use permits. The Board's position on these new facts is as follows:



      · The Indonesian associated office of the Company's solicitors, Herbert Smith LLP, has advised the Company that the Ministry of Forestry's rejection of the forestry-use permits is unrelated to the separate question of whether the EKCP Licences are valid. A party may retain production licences without a forestry-use permit although it cannot conduct mining activities under the production licence within a designated forestry area.



      · The Company is engaging with the Ministry of Forestry regarding the rejection letters and will take all steps to resolve the issue, including, if necessary, applying for new forestry-use permits.



      · Churchill / Ridlatama have not yet commenced mining activities at the EKCP site, and, therefore, the apparent rejection of two of the permit applications does not affect current activities at the EKCP.



      The Board is concerned that management did not make it aware of the existence of these rejection letters until very recently. The Company's Chairman is currently conducting a thorough audit of the Company's office in Jakarta with the assistance of selected advisers, and is also working with Ridlatama to try to understand fully how this situation has arisen, and to gain assurance that there are no further documents of significance of which the Board is unaware.





      For further information, please contact:





      Churchill Mining Plc

      David Quinlivan



      + 61 8 6382 3737


      Northland Capital Partners Ltd

      Shane Gallwey / Luke Cairns



      +44(0)20 7492 4750
      Tavistock Communications

      Paul Youens /

      Jos Simson



      +44(0)20 7920 3150

      pyouens@tavistock.co.uk







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

      END
      Avatar
      schrieb am 05.04.11 19:17:30
      Beitrag Nr. 148 ()
      http://www.barrington-jones.co.uk/blog/?p=438

      Churchill Mining updates on forestry permitting issues relating to East Kutai licence dispute
      Posted on April 5, 2011 by chat_admin
      5th April 2011 | http://www.proactiveinvestors.co.uk | By Jamie Ashcroft

      The board of Churchill Mining (LON:CHL) has told investors that it has very recently become aware that forestry permit applications, for two of the four licences that comprise the East Kutai coal project, were rejected in 2010.

      It said that last month’s administrative tribunal made reference to the letters, which were dated 31 March 2010 and 21 April 2010. In a statement this afternoon Churchill said that the board was not aware of the existence of such letters prior to the Administrative Tribunal’s ruling.

      It now has copies of the letters, which state that the applications for forestry-use permits in respect of two of the four EKCP Licences, PT Investmine Nusa Persada and PT Ridlatama Trade Powerindo, have been rejected.

      “The board believed that the applications for forestry-use permits, and the question of whether such permits were in fact necessary, were still being considered by the relevant authorities,” Churchill said. “It now appears that the applications are no longer under consideration.”

      The letters cite the alleged overlap between the EKCP Licences and licences held by the Nusantara Group as the reason why the applications cannot be considered and were therefore rejected, Churchill said. It also reiterated that it rejects any suggestion of overlap, and it expects the issue to be addressed in the forthcoming appeal at the Administrative High Court in Jakarta.

      Churchill stressed that these are the two southernmost permits of the EKCP, and don’t host any identified reserves or resources.

      It said that the board is investigating whether similar letters exist, in relation to the other two EKCP licences. Meanwhile it continues to liaise with the Ministry of Forestry to ascertain whether forestry-use permits are in fact required.

      “The board is concerned that management did not make it aware of the existence of these rejection letters until very recently,” Churchill said.

      David Quinlivan, Churchill’s chairman, is currently conducting a thorough audit of the Jakarta office with the assistance of selected advisers.

      Churchill said he is also working with Ridlatama – Churchill’s Indonesian partners – to try to understand fully how this situation has arisen, and to gain assurance that there are no further documents of significance of which the Churchill’s board is not aware of.

      Importantly Churchill set out its current position in light of this latest development.

      The rejection of the forestry-use permits is unrelated to the separate question of whether the EKCP licences are valid, according to Churchill’s Indonesian associated office of the company’s solicitors. It said that a party may retain production licences without a forestry-use permit, although it cannot conduct mining activities under the production licence within a designated forestry area.

      Churchill added that it is engaging with the Ministry of Forestry regarding the rejection letters and it will take all steps to resolve the issue, including, if necessary, applying for new forestry-use permits.

      As far as Churchill is concerned it said that the apparent rejection of two of the permit applications does not affect current activities at the EKCP, because it has not yet commenced mining activities at the site.
      Avatar
      schrieb am 05.04.11 19:21:25
      Beitrag Nr. 149 ()
      IST DIESE ANSICHT EINES ENGLISCHEN FORUMTEILNEHMERS KORREKT ???


      "It seems that the validity of the production licence is a seperate issue to the Forestry Permit and people are getting hung up on the Forestry Permits !!

      It seems that the Forestry Permits were rejected, however, it does not mean they lose their Production Licence which they believe they still have.

      Plus it appears they can re-apply for the Forestry Permits based upon a different argument BUT more to the point that the issue around the Forestry Permits relate to areas of land NOT included within the main licences for which they conducted their feasability study and which are out for tender."
      1 Antwort
      Avatar
      schrieb am 05.04.11 19:27:13
      Beitrag Nr. 150 ()
      WEITERE MEINUNG:

      Spitfire worth £2 million and cash worth about £13 million based on last years spending rate.
      This gives £15 million of value + plant etc that can be sold.
      96 million shares at 26p gives £25 million market cap.
      So - very roughly - the Indonesian assets are at about £10 million valuation currently.
      Prior to news it was valued at about £70 million.
      The gamble is buy and you could lose £10 million worth or 40% from here or you could win £60 million or 240% if appeal takes it back to pre-news price.
      So the ratio is 6 to 1 in % terms if you are prepared to gamble.
      I would definitely hold if I had some and thinking about the gamble - lost 40% before so worth a couple of thousand maybe. Anyone care to challenge my figures - it would help clarify thoughts.


      MEIN FAZIT: Ich habe noch einmal aufgestockt, da die Chancen die Risiken meiner Meinung nach überschreiten. Mein Zeithorizont: Bis Ende des laufenden Jahres.
      Avatar
      schrieb am 05.04.11 20:08:49
      Beitrag Nr. 151 ()
      Antwort auf Beitrag Nr.: 41.323.274 von Embudu1 am 05.04.11 19:21:25Schwer ein_zu_schätzen...jedes Land hat nun mal seine eigenen Gesetzte.
      Das der Kurs mit der heutigen Nachricht, das man alles in die Wege geleitet hat um ein neues Urteil zu erlangen weiter nach gegeben hat ist mir unbegreiflich.

      Werde auch nochmals nach kaufen…warte aber noch da der MM in Deutschland 20% Aufpreis beziehen will :mad:
      Avatar
      schrieb am 06.04.11 13:45:01
      Beitrag Nr. 152 ()
      bin heute auch hier über tradergate zu 0,256 eingestiegen 20000st
      mal schauen was geht
      Avatar
      schrieb am 06.04.11 16:00:19
      Beitrag Nr. 153 ()
      So hab auch noch mal aufgestockt. Hab nen super ek, wenn sich das mal nicht lohnen sollte.
      Aber für mich bleibts trotzdem nur beim spielgeld...
      1 Antwort
      Avatar
      schrieb am 06.04.11 18:05:39
      Beitrag Nr. 154 ()
      Antwort auf Beitrag Nr.: 41.328.544 von Blaubeere85 am 06.04.11 16:00:19...ich habe es ja gesagt hier sind bzw einige kräftig Short

      Das Ergebnis haben wir heute gesehen wo gedeckt wurde...Tageshoch in London mit über 40% !!!

      Bin froh das der Kurs zurück kommt...brauche für mein letzten nachkauf etwa noch 2-3wochen zeit um hier Geld umzuschichten...meine aktuelle posi ist mir noch zu wenig um Long zu gehen
      Avatar
      schrieb am 07.04.11 12:55:10
      Beitrag Nr. 155 ()
      oh ja,,, das ist heute ein guter runnnn!!!:eek:
      Avatar
      schrieb am 14.04.11 09:48:44
      Beitrag Nr. 156 ()
      ein guter runnn ? ----täglich tiefer , was soll da gut sein ?

      Für mich gehört Indonesien auch zur Achse des Bösen !!
      1 Antwort
      Avatar
      schrieb am 14.04.11 10:48:35
      Beitrag Nr. 157 ()
      Antwort auf Beitrag Nr.: 41.365.751 von ernestokg am 14.04.11 09:48:44Du nervst:keks:

      Ne Woche später melden und trotzem das falsche Posten....aktuell +15%

      Ich hoffe aber noch das die shorties ende Mai hin noch mal den wert unter 20p treiben werden!
      Avatar
      schrieb am 21.04.11 19:53:20
      Beitrag Nr. 158 ()
      RNS Number : 3680F
      Churchill Mining plc
      21 April 2011

      

      21 April 2011 AIM: CHL

      CHURCHILL MINING PLC

      ("Churchill" or "the Company")



      Management Webcast



      Further to the announcements dated 29 March 2011 and 5 April 2011, the management of

      Churchill Mining plc (AIM: CHL) has published a webcast which is available on www.proactiveinvestors.co.uk.



      END
      Avatar
      schrieb am 26.04.11 20:17:30
      Beitrag Nr. 159 ()
      ...hmmm für 0,25Euro bekomme ich wohl keine mehr :(



      Jeden Tag etwas teurer..interessant das hier einer seit Tagen zum Handelsende mächtig einsammelt..auch heute wurde wieder in der letzte Sekunde mit 120.000Stück das ganze Ask zu 32GBp leergekauft. :rolleyes:
      Avatar
      schrieb am 28.04.11 22:34:52
      Beitrag Nr. 160 ()
      China Coal-Prices climb again, Indonesian imports boosted:eek:
      Tue Apr 26, 2011 7:31am GMT


      * Qinhuangdao prices rise to top 815 yuan, port stocks drop * Higher prices help clinch import deals, strong Indonesian
      prices * Inflation concerns cloud bullish sentiment
      By Fayen Wong SHANGHAI, April 26 (Reuters) - Power demand from factories
      and increased construction activity pushed up China's thermal
      coal prices for the fourth straight week, with growing warnings
      of a summer fuel shortage boosting daily prices to a five-month
      high of 815 yuan ($124.85). Average weekly prices of coal with a heating value of 5,500
      kcal/kg NAR climbed to 795-800 yuan a tonne on April 25, while
      6,000 kcal/kg coal steadied at 845 yuan, according to industry
      data website SXCOAL (www.sxcoal.com). But in a sign of robust domestic demand, the daily price of
      5,500 kcal/kg coal has already risen to 815 yuan. "Power consumption is rising faster than expected, so
      utilities are burning more coal and replenishing more stocks,"
      said a producer source in Hangzhou. "But output from mines are growing slower than demand. There
      is a lag time for supply to respond to demand because of
      bottlenecks at the railways, so I do believe we will see a fuel
      supply shortage this year."
      The head of the National Energy Administration has warned
      this week that China must be prepared to cope with power
      shortfalls during the high energy-consuming summer month as
      other agencies cautioned about a fuel supply shortage.
      [ID:nL3E7FP2VT] Output growth is also slowed by consolidation efforts in
      other major coal-producing provinces such as Inner Mongolia and
      Shaanxi as the local governments proceed to close off small and
      unsafe mines through mergers. Stocks at top coal port Qinhuangdao fell for the 8th week by
      5.5 percent to 5.63 million tonnes.
      MORE IMPORT DEALS Fast-rising domestic prices have also helped overseas
      traders clinch more deals over the past week. Demand for Indonesian sub-bituminous coal remains strong and
      deals for 5,500 kcal/kg NAR coal were said to have been sold at
      around $112 CFR, industry sources said. Including VAT taxes,
      such Indonesian imports would hover at $131 a tonne on a landed
      basis, cheaper than domestic supplies which is standing at a
      minimum of $133.40. Excluding freight, such rates indicates an FOB price of
      around $102 a tonne, which represents a premium of around $1 a
      tonne to McCloskey's sub-bituminous index on Friday, after
      making changes to heating value. Still, some Chinese buyers remain cautious on the outlook of
      the domestic market, saying that price gains in the coming weeks
      may slow and be rangebound if utilities have secured a sizeable
      amount of summer stocks. "Possible government controls are still weighing high on
      sentiment. Inflation is still a very big issue within China and
      the general sentiment is that Beijing wouldn't tolerate
      excessive increase in coal prices," said a Beijing trader.´


      http://af.reuters.com/article/energyOilNews/idAFL3E7FQ118201…
      Avatar
      schrieb am 03.05.11 08:40:01
      Beitrag Nr. 161 ()
      Neue RNS: Placement to Indonesian Parties
      1 Antwort
      Avatar
      schrieb am 03.05.11 08:52:24
      Beitrag Nr. 162 ()
      Antwort auf Beitrag Nr.: 41.442.428 von Embudu1 am 03.05.11 08:40:017,7mio zu 40p pro Shares

      Nachvollziehbar...
      Avatar
      schrieb am 03.05.11 20:59:01
      Beitrag Nr. 163 ()
      Rachmat Gobel masuk ke Churchill Mining;)






      Oleh Bastanul Siregar E-mail Print PDF Published On: 03 May 2011JAKARTA: Rachmat Gobel, pewaris kerajaan bisnis keluarga Gobel, membeli 19,34 juta lembar saham atau sekitar 16,5% saham Churchill Mining Plc, penguasa proyek batu bara Kutai Timur, Kalimantan Timur, senilai £7,7 juta atau setara dengan US$12,8 juta.


      Gobel, yang praktis merupakan salah seorang pemimpin opini di kalangan pelaku bisnis nasional, membeli saham tersebut melalui salah satu perusahaan patungan yang didirikannya bersama seorang warga negara Indonesia bernama Fara Luwia. Mayoritas saham perusahaan patungan itu dikendalikan Gobel.

      Churchill melepas sahamnya ke Gobel pada harga 40 pence per lembar. Harga tersebut premium 60% dari harga rata-rata saham Churchill di Bursa Efek London selama 20 hari terakhir sampai 28 April 2011, atau sehari sebelum transaksi dilakukan.

      Transaksi tersebut, kutip penjelasan Churchill ke Bursa Efek London hari ini, diyakini akan memperkuat posisinya di Indonesia. Pasalnya, selain membawa investor lokal yang disegani, baik Gobel maupun Luwia juga memiliki kapasitas finansial yang mumpuni.


      http://www.bisnis.com/korporasi/aksi-korporasi/22422-rachmat…
      Avatar
      schrieb am 03.05.11 20:59:41
      Beitrag Nr. 164 ()
      @ll

      Alle die nachgekauft haben dürften nun wieder im Plus sein...
      Avatar
      schrieb am 03.05.11 22:51:11
      Beitrag Nr. 165 ()
      Ohh ja. Also für mich hatts sichs schon gelohnt.
      Gute sache:cool:
      Avatar
      schrieb am 11.05.11 12:31:54
      Beitrag Nr. 166 ()
      Schöön!
      Weis jemand was?
      1 Antwort
      Avatar
      schrieb am 11.05.11 12:59:33
      Beitrag Nr. 167 ()
      Antwort auf Beitrag Nr.: 41.484.550 von Blaubeere85 am 11.05.11 12:31:54nicht wirklich:confused:

      donni???
      Avatar
      schrieb am 11.05.11 19:34:54
      Beitrag Nr. 168 ()
      Es ist nun nach dem Einstieg eines Regierungsmitarbeiter klar...das die Chancen sehr gut stehen das Lizenzen wieder Frei gestellt werden.

      Zur Zeit gibt es große Kohlefirmen Übernahmen auf der ganzen Welt...bekommt Churchill ihre Lizenzen wieder darf nachhaltig mit eine Übernahme über 5Euro gerechnet werden...solange man nicht vielleicht selber die abbauen will !
      Avatar
      schrieb am 11.05.11 19:41:16
      Beitrag Nr. 169 ()
      Hi @donni,

      immer noch am Start??
      Eins muss man dir echt lassen, deine Geduld, deine Eier und dein Wissen was manche Werte betrifft, Hut ab....... :):)

      Du lässt echt nicht locker und gehst sogar durch das tiefste Low........

      Respekt!!!

      Gruß
      TimLuca
      3 Antworten
      Avatar
      schrieb am 11.05.11 19:46:56
      Beitrag Nr. 170 ()
      Antwort auf Beitrag Nr.: 41.487.627 von TimLuca am 11.05.11 19:41:16Man überlegt das ich 10mal so viel Shares unter 0,30Euro gekauft habe nicht übel...leider habe ich die größte Posi zwischen 0,40-0,55Euro abverkauft um in Coalcorp umzuschichten...das es hier so schnell ging hat auch mich schon überrascht..muss jetzt bei Coalcorp 100% holen und dann hoffen das Churchill noch unter 1Euro zubekommen ist :(


      Auch bei Coalcorp...habe ich ein Schnitt von 0,107Euro und das nicht wenig...jetzt wird nochmal gebetet :laugh:
      2 Antworten
      Avatar
      schrieb am 12.05.11 17:00:17
      Beitrag Nr. 171 ()
      Antwort auf Beitrag Nr.: 41.487.669 von donnerpower am 11.05.11 19:46:56Hi donnerpower :),

      sag mal, was unterscheidet denn COALCORP MINING so signifikant von CHURCHILL MINING daß es einen Kursunterschied von z. Z. 64 €-Cent ausmacht......Churchill ist seit meiner Aufnahme in die Watchlist um über 220% (Anfang April) gestiegen, hatte leider kein Cash für eine erste Posi :cry::cry::cry:, während Coalcorp seit Anfang April fas 15% Minus gemacht hat :(.

      Ich würde gerne eine Posi aufbauen, habe aber die Befürchtung, dass Churchill schon davongefahren ist, während bei Coalcorp der Motor ins stottern geraten zu sein scheint.

      Beim Eröffnungspost hier im Thread, hast Du Coalcorp als unentdeckte Perle ausgemacht und die vielen Vorteile aufgezählt.

      Beide Aktien, Coalcorp und Churchill, kommen aus dem €-Bereich und haben eine ziemliche Talfahrt hinter sich, wobei Churchill wieder auf dem aufsteigenden Ast zu sein scheint...wobei Du ja Deine Aktivitäten bei Coalcorp, lese ich zumindest aus Deinem letzten Beitrag hier, ziemlich stark ausgeweitest hast und somit scheinst Du ja dieser Aktie einen gewissen Wachstum zuzutrauen...fundamental begründet oder nur im Sog von Churchill???

      Wäre nett von Dir, wenn Du mir meine offenen "Fragen" beantworten könntest :)...vielen Dank im Voraus ;)!
      1 Antwort
      Avatar
      schrieb am 12.05.11 21:27:35
      Beitrag Nr. 172 ()
      Antwort auf Beitrag Nr.: 41.493.111 von Fire72 am 12.05.11 17:00:17Bitte mal in Ruhe etwas Zeit nehmen und selber recherchieren was es mit coalcorp auf sich hat !

      Ich würde aber vieleicht die Finger von coalcorp lassen da es vielleicht eine Nummer zu gross für dich sein könnte, nicht böse gemeint...ein sehr komplizierter Wert mit einem nicht vergleichen baren Gerüst was ab und nun wieder aufgebaut wird.
      Avatar
      schrieb am 17.05.11 11:25:55
      Beitrag Nr. 173 ()
      Jetzt könnt man fast schon wieder einkaufen.
      1 Antwort
      Avatar
      schrieb am 17.05.11 21:58:28
      Beitrag Nr. 174 ()
      Antwort auf Beitrag Nr.: 41.513.066 von Blaubeere85 am 17.05.11 11:25:55Der Zeitpunkt ist fast wieder da, kommt drauf an ob sich News bis August noch hinausziehen...schön wäre dies da ich aktuell nichts frei habe :D
      Avatar
      schrieb am 25.05.11 16:59:52
      Beitrag Nr. 175 ()
      donni,

      wie sind deine gedankengänge bezüglich optionen, da gab es ja 2 news!???
      1 Antwort
      Avatar
      schrieb am 25.05.11 17:07:15
      Beitrag Nr. 176 ()
      Antwort auf Beitrag Nr.: 41.555.952 von Rioluihui am 25.05.11 16:59:52Director Deals - Churchill Mining PLC (CHL)
      24 May 2011 | 14:55pm
      StockMarketWire.com - David Quinlivan, Chairman, exercised 650,000 shares in the company on the 23rd May 2011 at a price of 0.00p. The Director now holds 1,454,092 shares.

      Story provided by StockMarketWire.com
      Director deals data provided by www.directorsholdings.com


      Meinst du das?....braucht man nicht zu bewerten, ist halt ein normaler Vorgang:)
      Avatar
      schrieb am 07.06.11 21:48:50
      Beitrag Nr. 177 ()
      So Platzierung geglückt...interessant Herr Radke von Pala Investments ist nun auch am Board, den schicken sie eigentlich nur vor wenn wenn Übernahmen bevor stehen ;)

      Churchill Mining completes placing

      6 June 2011 | 08:47am
      StockMarketWire.com - Churchill Mining has completed the private placement of 19,345,000 ordinary shares to Rachmat Gobel and Fara Luwia, raising £7,738,000.

      The 40p per share placing price represented a 60% premium to the 20-day volume weighted average share price as of 28 April - the day prior to the execution of the subscription agreement.

      The shares represent approximately 16.0% of the enlarged issued ordinary share capital of Churchill.

      Gobel, Luwia and . Gregory Radke join the board as non-executive directors.

      Executive chairman David Quinlivan said: ""We remain delighted to gain the reach and experience of Mr. Gobel and Ms. Luwia as they join us, both as investors and Board Members.

      "Although Churchill is already well funded, the constructive injection of capital, and the associated premium paid, demonstrates their support for the project.

      "In addition, we are excited that Mr. Radke is joining the board and bringing to Churchill the depth and breadth of his corporate, legal and market expertise."

      Churchill will use the proceeds of the placement for the further development of the East Kutai Coal Project.
      Avatar
      schrieb am 16.06.11 18:19:49
      Beitrag Nr. 178 ()
      hi leute

      so..ich habe mich heute wieder zu 0,41 GBp eingekauft.
      hoffen wir auf gute news. die zeit müsste bald reif sein.:D

      gruß
      xepher
      Avatar
      schrieb am 18.06.11 09:11:03
      Beitrag Nr. 179 ()
      Zitat von Xepher: hi leute

      so..ich habe mich heute wieder zu 0,41 GBp eingekauft.
      hoffen wir auf gute news. die zeit müsste bald reif sein.:D

      gruß
      xepher



      Da wäre ich mir nicht so sicher, mein Guter.

      Ich erwarte News nicht vor September, bin aber sehr positiv gestimmt, nachdem der geniale Schachzug mit den einflussreichen Leuten geklappt hat.

      Bei der Dame bin ich mir allerdings nicht so sicher, welche Rolle die spielt?!

      Vielleicht mir Donni hier weiterhelfen?

      Greetz

      PIBO
      Avatar
      schrieb am 05.07.11 12:05:16
      Beitrag Nr. 180 ()
      Hi,

      Hat euch der erneute Niedergang dieses Wertes die Sprache verschlagen ?
      Avatar
      schrieb am 16.07.11 07:30:32
      Beitrag Nr. 181 ()
      Zitat von ernestokg: Hi,

      Hat euch der erneute Niedergang dieses Wertes die Sprache verschlagen ?


      Hiho,

      von Niedergang kannst du hier nicht sprechen, denn es wurde CHL nicht mehr oder weniger als die Existenzgrundlage entzogen!

      Das politische System in Indonesien ist durchaus als sehr problematisch zu bezeichnen und mit hiesigen Verhältnissen in keinster Weise vergleichbar.

      Deswegen hat man auch gehandelt und zwei ordentliche Aktienpakete an einflussreiche Einheimische vergeben, damit diese dazu beitragen, dass die verheerende Entscheidung, die Kohleabbaulizenz für ungültig zu erklären, revidiert wird.

      Sollte dieser Schachzug aufgehen, werden wir innerhalb weniger Tage hier + 100 bis 150% sehen und dann heisst es, sich zu entscheiden, wie es mit diesem Invest weitergehen soll.

      Stay long!

      Greetz

      PIBO
      2 Antworten
      Avatar
      schrieb am 17.07.11 15:34:37
      Beitrag Nr. 182 ()
      Antwort auf Beitrag Nr.: 41.798.283 von PIBO am 16.07.11 07:30:32

      Sollte dieser Schachzug aufgehen, werden wir innerhalb weniger Tage hier + 100 bis 150% sehen und dann heisst es, sich zu entscheiden, wie es mit diesem Invest weitergehen soll

      Man beachte bitte desweiteren...Churchill führt neben der Rückgabe der AbbauLizenzen auch weiterhin Gespräche über ein kompletten Verkauf bzw. einem Investor der den Minenausbau finanziert...wird reden hier also nur kurzfristig von 100-150%..nachhaltig somit von einer Verzehnfachung !
      Avatar
      schrieb am 02.08.11 21:08:20
      Beitrag Nr. 183 ()
      Die Woche wird zeigen wie es in der Zukunft weitergeht...:rolleyes:


      Churchill Mining paves way for legal action against Indonesian partner Ridlatama

      Monday, July 04, 2011 by Jamie Ashcroft

      Churchill Mining (LON:CHL) told investors that it has delivered a ‘notice of dispute’ to its minority partner, the Ridlatama group, and several related individuals.

      It said that the dispute relates to alleged breaches of agreements between Churchill's subsidiary, PT Indonesia Coal Development, and members of the Ridlatama Group.

      “Churchill believes that the Ridlatama Group has breached various provisions of the investors agreements. Ridlatama now has the opportunity to resolve the dispute within 30 days,” the company said.

      “If there is no resolution within 30 days, Churchill will pursue legal action in Singapore against the Ridlatama Group, its shareholders and its principals in accordance with the dispute resolution provisions contained in the investors agreements.”

      The AIM-listed firm owns a world class coal mine development, the East Kutai project, but it has stalled in recent months due to a legal dispute with local authorities – who tried to cancel the four licenses that host the project.

      In March a regional tribunal rejected Churchill’s attempt to have the cancellations officially expunged from the record.

      The following month Churchill told investors that Ridlatama received letters of rejection, for applications for two of the four licences, back in 2010 however Churchill had not been made aware of this prior to the tribunal.

      An appeal will be heard by the Administrative High Court in Jakarta.

      This morning Churchill said that the claims against Ridlatama, which relate in part to information that emerged in the Administrative Tribunal hearing earlier this year, do not prejudice the appeal.

      “Churchill and Ridlatama have both rejected the conclusions of the administrative tribunal,” the company reiterated.

      The group recently brought on-board two influential Indonesian businessmen, Rachmat Gobel and Fara Luwiam, through a share subscription. The two new investors have also taken seats on the board.

      The stock purchase was viewed as a significant endorsement of the company and the potentially world-class East Kutai coal project.

      In June chairman David Quinlivan said: “Although Churchill is already well funded, the constructive injection of capital, and the associated premium paid, demonstrates their support for the project. In addition, we are excited that Mr. Radke is joining the board and bringing to Churchill the depth and breadth of his corporate, legal and market expertise."

      http://www.proactiveinvestors.com.au/companies/news/17615/ch…
      2 Antworten
      Avatar
      schrieb am 04.08.11 12:43:35
      Beitrag Nr. 184 ()
      Antwort auf Beitrag Nr.: 41.881.374 von donnerpower am 02.08.11 21:08:20Nun, im Moment sieht es -für mich- nach einem SL-Fishing aus.

      Oder was meint ihr?

      http://de.advfn.com/p.php?pid=staticchart&s=LSE%3ACHL&p=0&t=…
      Avatar
      schrieb am 04.08.11 12:44:04
      Beitrag Nr. 185 ()
      Avatar
      schrieb am 06.08.11 08:55:26
      Beitrag Nr. 186 ()
      Antwort auf Beitrag Nr.: 41.881.374 von donnerpower am 02.08.11 21:08:20 ".... die Woche wird zeigen wie es in der Zukunft weitergeht"

      Heißt das du rechnest also ab jetzt mit wöchentlichen Verlusten von 30 % ?
      Avatar
      schrieb am 06.08.11 11:16:55
      Beitrag Nr. 187 ()
      Zu bedauern leider nicht, denke das tief haben wir schon gesehen aber vielleicht machen uns die Amis noch mal paar Geschenke...ich hoffe nur das der Kurs wenigstens bis Mitte September noch unter 0,40GBp bleibt
      Avatar
      schrieb am 15.08.11 18:23:02
      Beitrag Nr. 188 ()
      Noch kein Ende in sicht...


      Churchill Mining's legal dispute in Indonesia unresolved

      Churchill Mining has said that its legal dispute involving its Indonesian minority partner, the Ridlatama Group, as well as related individuals, announced last month has not been resolved.

      It advises that following the expiry of the thirty day period provided to Ridlatama to resolve the dispute, it has not received any response to the notice of dispute in relation to the East Kutai Coal Project.

      The dispute relates to alleged breaches of the investors agreements entered into between Churchill's subsidiary, PT Indonesia Coal Development ("ICD"), and members of the Ridlatama Group.

      In the absence of any response ICD has now lodged an unlawful act claim against Mr Andreas Rinaldi, a member of the Ridlatama Group, in the Tangerang District Court in Jakarta, Indonesia, seeking, amongst other things, an order for damages to compensate ICD for losses suffered arising from Mr Rinaldi's unlawful acts which gave rise to the alleged breaches of the investors agreements.

      In addition ICD will also commence arbitration proceedings in Singapore against other members of the Ridlatama Group who are parties to the investors agreements, under the rules of the International Chamber of Commerce, for their alleged breaches of the investors agreements. ICD is seeking, amongst other things, a declaration that there have been breaches of the investors agreements and for damages to be assessed.

      The company will provide a further update to the market on these proceedings when it becomes available.
      Avatar
      schrieb am 19.08.11 11:53:54
      Beitrag Nr. 189 ()
      BAD NEWS!!!

      Churchill Mining plc

      19 August 2011

      19 August 2011 CHL: AIM

      CHURCHILL MINING PLC

      ("Churchill" or the "Company")

      Negative Result in the Appeal to the Administrative High Court in Jakarta

      Churchill (AIM: CHL) advises that the appeal heard by the Administrative High Court in Jakarta in relation to PT Investama Resources and PT Investmine Nusa Persada (two of the four licenses) has been dismissed.

      The Company has also been informed that the appeal on the balance of the licenses for PT Ridlatama Tambang Mineral and PT Ridlatama Trade Powerindo - that make up the balance of the EKCP - (in which Churchill has a 75% interest) has also been dismissed but it has not yet received the formal delivery of that ruling. A further announcement will be made as soon as such rulings are received.

      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.

      The Administrative High Court held that it agreed wholly with the legal considerations and findings of the Administrative Tribunal in Samarinda and affirmed the decision of the Administrative Tribunal. As yet no reasons have been provided by the Court.

      Next steps

      Churchill intends to file next week a notice of appeal to the Supreme Court of Indonesia which will be well within the 14 day period the Company has in which to action this and will update the market with further developments.

      Churchill Mining's Chairman, David Quinlivan commented, "We are disappointed in the appeal decision and process. Despite this ruling, we are determined to protect our rights as a foreign investor within Indonesia and remain fully committed to protecting our interest in the East Kutai Coal Project."

      At the date of this announcement, the Company's current cash at bank is US$20.6 million.

      END

      For further information, please contact:


      Churchill Mining Northland Capital Tavistock Communications
      Plc Partners Limited Paul Youens /
      David Quinlivan Shane Gallwey Jos Simson
      + 61 8 6382 3737 / Luke Cairns +44(0)20 7920
      +44(0)20 7796 3150
      8800 pyouens@tavistock.co.uk

      This information is provided by RNS

      The company news service from the London Stock Exchange

      END

      MSCSFUSUUFFSEFA

      (END) Dow Jones Newswires

      Damit dürfte das Ende von Churchill nahe sein :cry: :cry:

      Ein letzter Hoffnungsschimmer bleibt, aber das ist nun wirklich etwas für ganz Nervenstarke!

      Die Konkurrenz freut sich schon auf die Assets und es würde mich nicht wundern, wenn die dann "plötzlich" eine Erlaubnis zum Abbau bekommen würden.

      Viel Glück an alle - ich gebe auf!

      Greetz

      PIBO
      Avatar
      schrieb am 19.08.11 12:57:53
      Beitrag Nr. 190 ()
      Ein letzter Hoffnungsschimmer bleibt, aber das ist nun wirklich etwas für ganz Nervenstarke!


      Das ist leider wohl war...jetzt wird am Obersten Gerichtshof Indonesiens geklagt.:mad:
      Avatar
      schrieb am 19.08.11 13:07:59
      Beitrag Nr. 191 ()
      Antwort auf Beitrag Nr.: 41.798.283 von PIBO am 16.07.11 07:30:32Man muss jetzt alles mal auf dem Tisch packen was wir hier nun vorliegen haben.

      Um die Ressourcen bzw. um die Assets geht es hier nicht...sondern um die Abbau Lizenzen.
      Somit wäre ein Verkauf mit einem riesigen Abschlag auch möglich...wo in erster Linie Churchill der Verlierer sein wird der wahrscheinlich über 90-95% unter Wert verkaufen müsste..

      Man beachte das hier der Fehler beim heimischen Partner Ridlatama liegt, die wohl illegal Abgebaut haben müssen .

      Somit wird in dieser Richtung bald eine zweite Klagen seitens Churchill gegen Ridlatama auf Schadensersatz folgen.

      Aktueller Cash Bestand: 20Mio. Dollar


      nochmal drauf zurück zu kommen ich weiss nicht ob churchill seine Assets im schlimmsten Falle überhaupt ohne Bergbau Lizenzen verkaufen kann...

      ..man man
      Avatar
      schrieb am 19.08.11 13:17:59
      Beitrag Nr. 192 ()
      Aktueller Kurs: 0,14GBp

      bei 0,12-0,13GBp pro Shares liegt der aktuelle Cashbestand
      Avatar
      schrieb am 19.08.11 15:45:07
      Beitrag Nr. 193 ()
      So, habe den ersten Schock verdaut und überlege nun, ob es hier schon für einen Inso-Zock reicht?!

      Wenn man das Volume anschaut fällt auf, dass gar nicht so viele Stücke (ca. 1 Mio bei 120 Mio ausstehenden) geschmissen wurden (bislang).

      Das könnte implizieren, dass die großen Shareholder nach wie vor von einem guten Ausgang ausgehen.

      .......oder eh schon so dick in den Miesen sind, dass es jetzt auch schon egal ist.

      Gehe trotzdem davon aus, dass die Assets einem Partner angedient werden, der ggf. bessere Beziehungen zur Indonesischen Regierung hat und nicht in der von Donni genannten (Verlust-)Range verkauft werden müssen.

      Dies hätte zur Folge, dass wir mehr Geld für die Shares bei einer Liquidation bekommen würden.

      Und in Minen(Gauner)Kreisen lässt man normalerweise keinen hängen, denn man kennt, schätzt und respektiert sich.

      Außerdem sieht man sich immer zweimal im Leben und der heutige (Geschäfts)Gegner/-konkurrent könnte schon morgen dein Kollege/Chef/Untergebener sein, stimmts?

      Braucht euch nur die Viten der Protagonisten anschauen, dann wisst ihr, was ich meine...........

      Greetz

      PIBO
      1 Antwort
      Avatar
      schrieb am 19.08.11 16:46:37
      Beitrag Nr. 194 ()
      Antwort auf Beitrag Nr.: 41.976.659 von PIBO am 19.08.11 15:45:07Das ist mir auch gleich Aufgefallen...das Handelsvolumen ist sehr gering als ob wie sagt man so unschön...alles schon im Kurs eingepreist war oder ist.


      von Donni genannten (Verlust-)Range verkauft werden müssen.


      Hoffen wir auf eine positive Einigung...
      Avatar
      schrieb am 19.08.11 18:09:07
      Beitrag Nr. 195 ()
      Die Meldung mit den Optionen ist total untergegangen......

      Ganz harte haben bei 14 gekauft und bei 18 Pence schon wieder verkauft.

      Bei der allgemeinen Marktlage habe ich mich das aber nicht getraut, zuviel Geld ist in den letzten Wochen in die Binsen gegangen.

      Naja das 'mit den Wölfen heulen' muss wohl verschoben werden.

      Good Luck 2 all

      Greetz

      PIBO
      2 Antworten
      Avatar
      schrieb am 20.08.11 11:59:44
      Beitrag Nr. 196 ()
      StockMarketWire.com - Shares in Churchill Mining (LON:CHL) plunged by over a third after it lost its appeal over the revocation of two of its four licences at the East Kutai coal project in Indonesia.

      The appeal was heard by the Administrative High Court in Jakarta in relation to the PT Investama Resources and PT Investmine Nusa Persada licences.

      The company has also been informed that the appeal on the balance of the licences for PT Ridlatama Tambang Mineral and PT Ridlatama Trade Powerindo has also been dismissed but it has not yet received the formal delivery of that ruling.

      A further announcement will be made as soon as such rulings are received.

      Churchill has a 75% interest in the coal project.

      The appeal was launched to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan.

      But the Administrative High Court said it agreed wholly with the legal considerations and findings of the tribunal and affirmed the decisio.

      As yet no reasons have been provided by the Court.

      Churchill says it intends to file a notice of appeal to the Supreme Court of Indonesia.

      Chairman David Quinlivan said: "We are disappointed in the appeal decision and process.

      "Despite this ruling, we are determined to protect our rights as a foreign investor within Indonesia and remain fully committed to protecting our interest in the East Kutai Coal Project."

      Another big faller was Greatland Gold (LON:GGP) after it announced that drilling at the Lisle project in Tasmania was ineffective as the equipment largely failed to reach target depths.

      A programme of Rotary Air Blast drilling was completed at the Lisle project during July.

      All holes were planned to be drilled to a maximum depth of 50m.

      A total of 22 holes for 479m were completed.

      Four target zones were drilled in an attempt to test for gold mineralisation in the basement rocks.

      The programme was attempted with an open hole rotary air blast drilling rig.

      This proved to be unsatisfactory.

      The rig failed to reach target zones in the majority of holes.

      Holes varied from 12m to 36m deep which was short of desired depths of 50m.

      Drill spoil was presented at surface as one metre intervals, sampled as 4m composites, then prepared for analysis for a suite of elements including gold.

      And there was also a double-digit fall at Caledonia Mining Corporation (LON:CMCL).

      The company is seeking urgent clarification from Zimbabwean ministers after being informed that its indigenisation proposal for its key Blanket gold mine does not meet legal requirements.

      Indigenisation plans are being demanded of foreign and local companies as a result of a new Zimbabwean law that aims to force them to sell a majority stake in their businesses to black Zimbabweans. The law came into effect last year.

      Caledonia said it had received a copy of a letter sent from the minister for indigenisation to the minister of mines in the country requesting that Blanket's operating licence be cancelled because Caledonia's indigenisation plan did not meet legal requirements.

      The company believes the minister for indigenisation “has exceeded his legal powers both in terms of his assessment of Caledonia's proposal and his request to the minister of mines".

      Shares in Gem Diamonds (LON:GEMD) after it revealed that record rough diamond prices were achieved in the half-year to end-June, giving the company record EBITDA of $90.8m, a 489% increase over the $18.5m achieved in H1 2010.

      This exceeded the $82m achieved for the full year 2010.

      The company had record attributable earnings of $28.9m (20.89 US cents per share).

      Revenue was $196.5m; ($103.9m in H1 2010).

      Cash generated from operating activities was $101.2m; ($27.9m in H1 2010).

      Profit before tax from continuing operations was $79m, ($7.8m in H1 2010).

      The company had $165.6m cash on hand at period end ($108.3m in H1 2010).

      Letaeng achieved a record average value of $3 052 per carat in H1 2011 ($1 728 per carat in H1 2010) and produced 105 rough diamonds that were valued at greater than $20 000 per carat.

      Letaeng produced a total of 295 rough diamonds greater than 10.8 carats in size.

      Ellendale achieved a record average price of $4 045 per carat for its fancy yellow diamonds in H1 2011 (US$2 588 per carat in H1 2010).

      The sector's biggest risers were Hambledon Mining (LON:HMB) and Frontier Mining (LON:FML) - both up by over 10%.
      Avatar
      schrieb am 22.08.11 08:46:43
      Beitrag Nr. 197 ()
      Antwort auf Beitrag Nr.: 41.977.631 von PIBO am 19.08.11 18:09:07kennst du das Guttenberg T-Shirt mit der Aufschrift

      copy + paste = Dr. ?

      Dieser Gedanke kam mir, als ich deinen Eintrag las.........

      Fakt ist, dass die Überlebenschancen von CHL drastisch gesunken sind und man sich nun auf Klagen gegen eigene Töchter fokussieren muss.

      Ich persönlich halte es für eher unwahrscheinlich, dass der oberste Court anders entscheidet als die beiden bisherigen Instanzen.

      Aber noch ist Polen nicht verloren, denn ich sehe ein schwach schimmerndes Licht am Ende des Tunnels:

      Shares in Churchill Mining (LON:CHL) plunged by over a third after it lost its appeal over the revocation of two of its four licences at the East Kutai coal project in Indonesia.

      Somit sind 50% der Abbaulizenzen intakt und der Preis für die Assets steigt auf mind. 50% des Gesamtwertes.

      Oder siehst du das anders Donni?

      Greetz

      PIBO
      1 Antwort
      Avatar
      schrieb am 22.08.11 09:32:52
      Beitrag Nr. 198 ()
      Aber noch ist Polen nicht verloren, denn ich sehe ein schwach schimmerndes Licht am Ende des Tunnels

      :laugh:
      1 Antwort
      Avatar
      schrieb am 22.08.11 12:12:10
      Beitrag Nr. 199 ()
      Antwort auf Beitrag Nr.: 41.983.358 von cyberdeath am 22.08.11 09:32:52.......:D:D:D:cool:
      Avatar
      schrieb am 22.08.11 12:13:28
      Beitrag Nr. 200 ()
      Antwort auf Beitrag Nr.: 41.983.111 von PIBO am 22.08.11 08:46:43Somit sind 50% der Abbaulizenzen intakt und der Preis für die Assets steigt auf mind. 50% des Gesamtwertes.


      Nicht ganz...alle 4 Abbau Lizenzen sind in meinen Augen erst mal nicht genehmigt worden.

      Churchill (AIM: CHL) advises that the appeal heard by the Administrative High Court in Jakarta in relation to PT Investama Resources and PT Investmine Nusa Persada (two of the four licenses) has been dismissed.

      The Company has also been informed that the appeal on the balance of the licenses for PT Ridlatama Tambang Mineral and PT Ridlatama Trade Powerindo - that make up the balance of the EKCP - (in which Churchill has a 75% interest) has also been dismissed but it has not yet received the formal delivery of that ruling. A further announcement will be made as soon as such rulings are received.


      Die Assets dagegen sind immer noch zu 100% im Besitz, aber weitere Grundstücke die beantragt bzw. gesichert worden sind (wo vermutet wird das dort weitere Ressourcen schlummern) könnten in meinen Augen wieder verloren gehen.
      Avatar
      schrieb am 22.08.11 12:31:16
      Beitrag Nr. 201 ()
      Hier steht noch mal das die Assets außen vorstehen...! Das ist sehr wichtig außerdem:

      Sollte Churchill beim oberen Gerichthof wieder scheitert gibtes wahrscheinlich 3 weitere Instanzen

      1. eine bürgerliche Überprüfung der Entscheidung des Obersten Gerichtshofs

      2. der Gerichtsbarkeit des Internationalen Zentrums für die Beilegung von Investitionsstreitigkeiten ("ICSID")

      3. Mögliche neue Beantragung der Abbau Lizenzen (wahrscheinlich mit einen neuem Partner dann)


      Ein guter Beitrag bzw. Interview was einges erklärt unter :

      http://www.proactiveinvestors.co.uk/companies/news/26319/chu…
      3 Antworten
      Avatar
      schrieb am 22.08.11 16:37:30
      Beitrag Nr. 202 ()
      Antwort auf Beitrag Nr.: 41.984.292 von donnerpower am 22.08.11 12:31:16mensch!

      überall wo pala mit im spiel ist geht es am ende mit gerichtsverhandlungen, lizenzen und klagen den bach hinunter...bei coalcorp war es genauso!!!

      nie wieder investiere ich dort, wo pala mitspielt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      bei coalcorp und churchill sitze ich das aus und schaue was rauskommt...
      2 Antworten
      Avatar
      schrieb am 22.08.11 16:49:28
      Beitrag Nr. 203 ()
      Antwort auf Beitrag Nr.: 41.985.672 von Rioluihui am 22.08.11 16:37:30
      ...bei churchill liegt es bestimmt nicht an Pala, die agieren da mehr im Hintergrund...der Grund warum es hier zu Zeit nicht gut aussieht liegt ja wohl am Indonesian partner Ridlatama.
      Pala müsste nun bestimmt bei etwa 20 Firmen ein Fuß in der Tür haben....einige davon gehören ihnen zu 100%

      Will Pala nicht im Schutz nehmen...das ist hier halt wirklich Pech...im Minen Sektor ist das aber immer wieder die Regel das solche Szenarien jeden Tag eintreffen können.:(


      (Coalcorp ist ne andere Geschichte...)
      Avatar
      schrieb am 23.08.11 11:29:55
      Beitrag Nr. 204 ()
      Antwort auf Beitrag Nr.: 41.985.672 von Rioluihui am 22.08.11 16:37:30"nie wieder investiere ich dort, wo pala mitspielt"



      @ll

      Hier mal eins von mehreren Unternehmen die Pala gehören...(mal von abgesehen von den Unternehmen wo sie nur Teilhaber sind.)

      Die Beachtung dabei...Alacer Gold mit einer MK von über 3Mrd.CanDollar stammt aus einer kürzlich Fusion zweier Pala Unternehmen !



      Avatar
      schrieb am 23.08.11 13:57:43
      Beitrag Nr. 205 ()
      Churchill Mining

      Aktuell : 19-21GBp

      Hätte schon gedacht das die 13GBp nochmal getestet werden....
      Avatar
      schrieb am 03.10.11 17:24:53
      Beitrag Nr. 206 ()
      Churchill Mining Interview Transcript with David Quinlivan, Executive Chairman
      Fri 9:56 am


      START AUDIO



      Harry Norman: Hallo. This is Harry Norman for Proactive Investors and welcome to another Proactive audio interview.

      Today is the 27th of September 2011 and I'm talking with David Quinlivan, Executive Chairman of Churchill Mining, listed on the AIM market, mining sector; stock ticker CHL; share price 16.25 pence; market cap 19.65 million pounds sterling; web address churchillmining.com.

      David thank you very much for joining us for this interview.

      David Quinlivan: My pleasure Harry.

      Harry Norman: Could you provide a summary of the results of the appeal to the Administrative High Court in Jakarta and was there any new information considered to support Churchill’s case?

      David Quinlivan: Unfortunately the High Court affirmed the decision of the Administrative Tribunal in its entirety without providing any detailed reasons or basis for doing so.

      The High Court didn’t give its reasoning nor did it deal with the new points raised in the appeal that were not previously raised. Churchill was looking for the High Court to give its own grounds of reasoning instead of simply adopting the lower court’s decision.

      Harry Norman: Who does the Administrative High Court believe owns the East Kutai Coal Project David?

      David Quinlivan: Harry it was not the role of the High Court to rule on who owns the East Kutai Coal Project.

      The appeal to the High Court in Jakarta was launched to seek to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan, in relation to the relocation of the four mining licences that comprise the East Kutai Coal Project. This is the project that Churchill has a 75% interest in.

      Both Nusantara and Churchill contend that they have licences over the East Kutai Coal Project area. There is as yet no clear legal process to resolve directly the priority between these licences. Churchill continues to believe that its claim is valid and to pursue all avenues to demonstrate this.

      Harry Norman: Could you provide an update on the current appeal to the Supreme Court of Indonesia?

      David Quinlivan: The company filed its notice of appeal for all four cases on the 15th of September 2011 and yesterday lodged the memorandum of appeal to the Supreme Court of Indonesia.

      The company strongly objects to the original ruling of the Administrative Tribunal in Samarinda and remains committed to protecting its interests in the East Kutai Coal Project and seeking an appropriate remedy for its shareholders.

      Harry Norman: The Indonesian Supreme Court reviews all relevant information available to it and has a series of prior cases where it overruled High Court decisions. Do you feel that there is a case for Churchill in this instance?

      David Quinlivan: There are three grounds for an appeal to the Supreme Court and these are that the judges at the lower courts have 1) not had the authority to hear the case, or the case exceeds their authority, 2) misapplied or violated the prevailing laws, or 3) failed to meet the requirements contained in the prevailing laws which provide for an annulment of such failure.

      The company’s position in the first place is that the Bupati has misapplied the Minerba Law and good corporate governance.

      This is also a ground for the current appeal. The Samarinda Administrative Court and the Jakarta High Administrative Court have misapplied the same law in rendering their decisions.

      While it’s difficult to anticipate the Supreme Court’s decision we believe Churchill has a credible case to submit to the Supreme Court.

      Harry Norman: How confident are you that the company will be successful in the Supreme Court and do you have an idea on the likely timeframe for a decision?

      David Quinlivan: Harry the company strongly disagrees with the original Administrative Tribunal decision and has sought and followed legal advice of international and Indonesian counsel in relation to protecting its interest in the East Kutai Coal Project.

      While it’s difficult to anticipate the Supreme Court’s decision following its assessment of the facts, Churchill maintains its argument that the [Bupati] has misapplied the Minerba Law and good corporate governance in revoking the licences and we’re hopeful that the Supreme Court will agree with Churchill’s position.

      At this point we don’t have any indication on the likely timeframe but will keep shareholders advised as appropriate.

      Harry Norman: For the appeal do you intend to follow the same strategy for the Supreme High Court as you did for the Administrative High Court? And if yes do you think the outcome will be different and if so why?

      David Quinlivan: The strategy is essentially the same. That is we will be rebutting all decisions of the Samarinda Administrative Court and the Jakarta High Court.

      It’s difficult to predict the outcome. However since the judges at the Supreme Court are generally more senior and have more experience than the judges at the lower court we’re hopeful that they will come to a different conclusion than the lower courts.

      Harry Norman: Is there a successful precedent for your case?

      David Quinlivan: Harry we’re not aware of any precedents that are similar to our case from a mining perspective. However there is precedent for plaintiffs who’ve won at the Supreme Court despite the fact that they’ve lost in the lower courts.

      Harry Norman: Who are Nusantara and can they now legally take possession of and develop the East Kutai Coal Project David?

      David Quinlivan: Harry we understand Nusantara is an Indonesian group that held exploration KPs over similar areas to the East Kutai Coal Project and that these Nusantara licences had expired prior to the granting of the licences to Ridlatama. These are the licences that Churchill has a 75% interest in.

      More recently the [Bupati] issued exploration IUPs to Nusantara which are valid for two years with one year granted for exploration phase and one year granted for construction phase.

      There appears however to be a period of over two years during which the Nusantara Group does not appear to have had any valid licences around the East Kutai Coal Project area.

      It appears that Nusantara was granted some type of extension to the original licence in 2008; two years after Nusantara’s original licence had expired.

      Churchill believes that its licences relating to the East Kutai Coal Project take priority over Nusantara and the extension granted to Nusantara in 2008 should not have been issued. Churchill continues to consider appropriate avenues to address this point.

      Irrespective of this the company still has a presence at the East Kutai Coal Project site and regular involvement with the local community.

      Harry Norman: If the appeal to the Supreme Court is unsuccessful, what’s next? Is there any possibility of claims using a bilateral international treaty?

      David Quinlivan: Should the company be unsuccessful the company would look to be seeking a judicial review of the Supreme Court decision.

      The company would also review its options in relation to international arbitration and where necessary instruct international counsel to conduct a thorough and detailed review of the company’s investments in Indonesia to determine if it’s a qualifying investment under the relevant bilateral investment treaty.

      Harry Norman: On the more important note of restoration of licences, is there still some possibility that this would – or could – be settled out of court? If so, is this still the case?

      David Quinlivan: Harry at this point there’s no progress on any out of court settlement but we’ll certainly keep shareholders informed if there is any such development.

      Harry Norman: Are Churchill’s new Indonesian shareholders assisting with the legal processes and with any processes outside the courtroom David?

      David Quinlivan: Harry our new Indonesian shareholders and Churchill board members, Rachmat Gobel and Fara Luwia, have been assisting the legal process and advising various levels of government in relation to the issues that Churchill faces. They continue to be active in supporting the work towards a favourable outcome for Churchill in the East Kutai Coal Project.

      Harry Norman: Could you provide more information in relation to the legal dispute with the Ridlatama Group? What have they allegedly done wrong?

      David Quinlivan: The dispute relates to alleged breaches of the investors’ agreements entered into between Churchill’s subsidiary PT Indonesia Coal Development and members of the Ridlatama Group.

      Churchill believes that the Ridlatama Group has breached various provisions of the investors’ agreements including warranties in relation to the East Kutai Coal Project not being the subject of any third party claims.

      Churchill will pursue legal action in both Indonesia and Singapore against the Ridlatama Group, its shareholders and its principals, in accordance with the dispute resolution provisions contained in the investors’ agreements.

      While Churchill’s claims against Ridlatama relate in part to information that emerged in the Administrative Tribunal hearing earlier this year, the claims do not prejudice the appeal of the Administrative Tribunal decision that’s currently in progress.

      Harry Norman: Have all relationships now broken down with the Ridlatama Group completely?

      David Quinlivan: Harry Churchill and Ridlatama have both rejected the conclusions of the Administrative Tribunal and continue to work together in relation to the current appeal to the Supreme Court of Indonesia.

      Harry Norman: If Churchill Mining is successful in its action with the Ridlatama Group what outcome will actually be achieved and have you any idea how long this may take?

      David Quinlivan: Churchill has sought to recover monetary compensation against the Ridlatama Group. If successful, Churchill would be able to enforce any award or judgment for monetary compensation against the various members of the Ridlatama Group.

      Proceedings before Indonesian courts and arbitral tribunals in Singapore may take up to one year to conclude and for decisions to be obtained.

      Harry Norman: What is the approximate cash burn on the legal cost and what is Churchill Mining’s current cash position?

      David Quinlivan: Harry the company has incurred legal expenses of approximately 1.4 million US Dollars for the period from January to June 2011 in relation to the Administrative Tribunal action and subsequent appeals.

      The company remains well funded with 19.7 million US Dollars cash on hand as at 19th September 2011.

      Harry Norman: Could you advise on what is happening with the project and with securing land between the proposed mine and the port? Are there any current activities at site or is everything on hold David?

      David Quinlivan: Harry we continue to look at the various options in relation to securing land between the proposed mine and the port but there’s been no substantive progress on this.

      The company still has a presence at the East Kutai Coal Project site and regular involvement with the local community but there are currently minimal operational activities at the East Kutai Coal Project site.

      Harry Norman: Can you explain to shareholders why options at 50p were awarded to the directors and management of Churchill?

      David Quinlivan: Harry the issue of incentive options to directors and management has always been and will continue to be part of our normal remuneration policy.

      The directors have included a reasonable premium over the prevailing share price and the level of options issued as a percentage of shares on issue remain well within institutional and investor guidelines.

      Harry Norman: While the legal proceedings continue is Churchill mining evaluated any other projects or assets David?

      David Quinlivan: Harry the company remains open to considering other projects or assets but has not conducted any recent evaluation with management’s time being currently focused on resolving the issues with the East Kutai Coal Project.

      Harry Norman: Remember Proactive Investors is not an investment advice service. Make sure you register at proactiveinvestors.co.uk for our weekly newsletter which will keep you informed about our articles, interviews, and events. Thank you for listening.

      END AUDIO


      http://www.proactiveinvestors.co.uk/companies/news/33809/chu…
      Avatar
      schrieb am 06.10.11 09:12:28
      Beitrag Nr. 207 ()
      Hallo Donner!
      Was denkst du was hier noch die nächste Zeit passiern könnte? Hab das letzte mal anscheinend zu teuer gekauft.
      Avatar
      schrieb am 07.10.11 12:47:23
      Beitrag Nr. 208 ()
      Schwer zu sagen, sieht wohl so aus das die nächsten News wohl erst Anfang 2012 erscheinen werden.

      Wo_möglich kommt vorher noch ne Klage von Curchill gegen Ridlatama Group..aber da sieht man auch erst mal nicht durch.

      Auf jeden fall wird sich die ganze Sache noch ne weile hin_ziehen...Ausgang völlig offen
      Avatar
      schrieb am 13.10.11 21:02:04
      Beitrag Nr. 209 ()
      Schöner Bericht bei Reuters...zeigt uns das der Streitfall wohl bis zu 2 Jahre andauern könnte :(

      Battle over huge coal deposit highlights risks in Indonesia
      UPDATE 4-Indonesia strike hits copper, gold sales-Freeport
      JAKARTA | Mon Oct 10, 2011 2:56am EDT

      JAKARTA (Reuters) - Indonesia contains some of the world's richest mineral deposits, located tantalizingly close to the markets of China and India, but a court battle over a $1.8 billion coal mine highlights the risks foreign miners face in the country.

      London-listed Churchill Mining Plc has been in dispute with Indonesia's Nusantara Group for three years over the right to develop the world's seventh-largest undeveloped coal asset. The case has reached Indonesia's highest court and could take years more to settle.

      The 350-sq-km (135-sq-mile) mine site in East Kutai, a coastal district in East Kalimantan province, is said to contain 2.8 billion tonnes of coal reserves.

      "It's a big medium to low-grade thermal coal deposit," Churchill Executive Chairman David Quinlivan told Reuters in a telephone interview. "That requires a substantial amount of infrastructure to be able to bring it into production.

      "But once in production, it will be very much a long-term project -- 50 years or more."

      Nusantara Group originally held six licenses in the disputed area. According to court documents filed by Churchill, these lapsed between March 2006 and March 2007. The East Kutai government declared the area open to other companies and Indonesian firm PT Ridlatama received four mining licenses, Churchill said.

      Between November 2007 and February 2008, Churchill bought a 75 percent stake in Ridlatama's licenses and spent about $40 million on the project. But after Churchill announced in May 2008 that the project could yield substantial coal, things turned messy.

      A few weeks later, the East Kutai regional government granted extensions to the Nusantara Group mining licenses that Churchill believed had lapsed.

      The undeveloped and potentially highly lucrative coal mine has since become the subject of a series of legal tussles . But after a March 2011 tribunal ruling in Indonesia, Churchill and minority partner Ridlatama no longer own the East Kutai project.

      Churchill filed an appeal on September 26 in Indonesia's Supreme Court. It is unclear how long the court's verdict will take.

      "At least months and it can be years," said Rozik Soetjipto, an Indonesia mining consultant on supreme court judgments. "About one or two years, maybe longer if something is very exceptional, but generally less than two years."

      Officials at Nusantara were unavailable for comment despite repeated telephone calls and e-mails.

      LEGAL TUSSLE

      "I'm disappointed more than anything else -- that it had to get to this to try and maintain title," Quinlivan said, adding that Churchill may seek international arbitration. "The legal process doesn't end in Indonesia."

      According to Churchill, Nusantara Group is controlled by former Indonesian army general Prabowo Subianto.

      Prabowo was a former head of the Kopassus special forces and was once married to one of former strongman President Suharto's daughters. He is the son of a former Indonesian finance minister and data from Indonesia's anti-graft agency shows he had an estimated personal wealth of about $160 million as of 2009.

      The legal tussle between Nusantara and Churchill also highlights the complex bureaucracy of the sprawling country of 17,000 islands.

      "If you are going to be on the wrong side of a land acquisition that is in dispute, if it gets blown up in the press, then you will end up with the perception that regulatory risk is getting worse," said Andreas Bokkenheuser, an analyst at UBS. "But if you look beyond assets in dispute, I actually see the regulatory risk improving in Indonesia."

      The government is drafting a rule that would, by 2014, require miners to carry out minimum processing on minerals before export -- part of a mining and coal law introduced in 2009 aimed at making life easier for investors.

      Despite these changes, one Indonesia-based analyst estimated there are currently about 100 unresolved disputes involving mine ownership or licenses.

      "They are trying to clean up the sector," said Bokkenheuser. "We're seeing enforcement of the law, which is positive... There is still a concerted effort to make the mining environment more attractive for foreigners to come in and invest."

      Indonesia's coal export growth will be fueled in large part by China and India, where power demand is expected to lift coal imports significantly over the next five years. Output will hit 340-354 million tonnes for 2011, industry groups say.

      The government has also tabled a new land bill to speed up land acquisition, but it may be not be effective until 2012 and companies still face risks.

      "Number one, don't underestimate the legal due diligence," said Bokkenheuser, referring to foreign miners looking to invest in Indonesia. "Use a combination of Indonesian and foreign guys to do so because you will need local help on that issue.

      "Point number two ... you need to make it clear what kind of land you have got -- because land is another regulatory issue -- we still don't have a land reform (bill) in Indonesia that empowers the government to buy land."

      For Churchill, the advice may be too late.

      "My advice would be, be wary and make sure you've done extensive -- and I mean extensive -- due diligence," Quinlivan said. "Even though, whilst you may have done all this due diligence, and we certainly believe we had, things can turn around that are very unexpected.

      "If there is a loophole there, somebody will use it."


      http://www.reuters.com/article/2011/10/10/us-indonesia-coal-…
      Avatar
      schrieb am 16.10.11 20:58:36
      Beitrag Nr. 210 ()
      Wusste ich es doch --
      Das hier investierte Geld ist ist aus meiner Sicht Pfutsch !
      Zum Glueck ist es nicht allzuviel, mich aergert dennoch dass die comany anstatt nach anderen Projekten vorrangig Ausschau zu halten das verbliebene Geld noch irgendwelchen Advokaten in einem 3. Welt-Land , in dem Investoren aus westlichen Laendern offensichtlich recht unerwuenscht sind, in den Rachen schmeisst !
      Avatar
      schrieb am 22.11.11 22:12:25
      Beitrag Nr. 211 ()
      Die Null-Linie fest im Blick !

      Was sagt eigentlich der Thread-Gründer zur Entwicklung der letzten Tage ?
      1 Antwort
      Avatar
      schrieb am 24.11.11 22:43:01
      Beitrag Nr. 212 ()
      Antwort auf Beitrag Nr.: 42.386.301 von ernestokg am 22.11.11 22:12:25Er wartet und schlägt zu...;)
      Avatar
      schrieb am 02.12.11 13:59:43
      Beitrag Nr. 213 ()
      7:55 am by Philip Whiterow
      Churchill Mining (LON:CHL) has asked the Indonesian government to intervene in the dispute over the ownership of the East Kutai coal prospect or else it will seek international arbitration.
      In a letter to the government, Churchill claims it has been subject to unjust and unlawful actions by a number of parties including the East Kutai Regency and other Indonesian Government ministries.
      “Various Indonesian parties, both government and private, seeking to expropriate its legitimate rights to develop the East Kutai coal deposit are in direct breach of both Indonesia's investment laws and Indonesia's obligations under a number of international investment treaties,” it said.
      Churchill wants cooperation from senior government officials to help solve the dispute, but if “amicable resolution” cannot be achieved the firm said it will initiate international arbitration against Indonesia.
      The East Kutai project is a huge resource with a JORC compliant estimate of 2.7 billion tonnes of coal and a pre-tax net present value of US$1.8 billion.
      Churchill acquired the licences in 2007 through an acquisition of a 75% stake in Indonesian group Ridlatama after the previous owner Nusantra failed to extend the licences in 2006 and 2007.
      Churchill subsequently discovered the coal reserves in 2008, after which the East Kutai Regency granted an extension to Nusantra’s previous licences.
      In March, a tribunal ruled that Churchill and Ridlatama no longer owned the East Kutai project. 
      Churchill filed an appeal against this judgement in Indonesia’s Supreme Court in September. 
       
      Avatar
      schrieb am 05.12.11 08:26:22
      Beitrag Nr. 214 ()
      Hi @ all!

      In diesem Wert liegt -wie bereits geschrieben- viel Sprengstoff!

      Nachdem es in der jüngeren Vergangenheit hier mehr schlechte als gute Nachrichten gab, war der Kurs auch entsprechend weit unten.

      Bin gespannt, wie weit die Erholung noch geht und habe bei 30 Pence schonmal eine (Trading-)Verkaufsorder eingestellt, denn ich erwarte hier in den nächsten Wochen einen sehr volatilen Handelsverlauf, der Tradern gute Möglichkeiten bieten wird.

      Good Luck 2 all!

      Greetz

      PIBO
      Avatar
      schrieb am 05.12.11 10:39:58
      Beitrag Nr. 215 ()
      Ich hoffe dagegen das Churchill nochmals unter 15GBp fällt...meine Order hatte der MM seit Tagen nicht in Frankfurt ausgeführt obwohl ich 8% als London geboten hatte :mad:
      1 Antwort
      Avatar
      schrieb am 25.01.12 16:00:11
      Beitrag Nr. 216 ()
      Hier liegt ja auch der Hund begraben...
      Avatar
      schrieb am 01.04.12 13:25:41
      Beitrag Nr. 217 ()
      Antwort auf Beitrag Nr.: 42.438.027 von donnerpower am 05.12.11 10:39:58Hi DP,

      Wir sind deutlich unter 15 , gehört dir mittlerweile die ganze Bude ?
      Avatar
      schrieb am 04.04.12 19:43:23
      Beitrag Nr. 218 ()
      Irrer Laden !
      Täglich billiger !
      Ideal, einfach ideal für Nachkaufs-Freaks !!
      1 Antwort
      Avatar
      schrieb am 04.04.12 21:36:43
      Beitrag Nr. 219 ()
      Antwort auf Beitrag Nr.: 43.003.360 von ernestokg am 04.04.12 19:43:23Churchill Mining to accelerate international arbitration as Indonesia’s Supreme Court rejects appeal

      03.04.2012 | Posted in Finance


      Churchill Mining (LON:CHL) said it will now look to accelerate its filing of an international arbitration claim against the Republic of Indonesia.

      This comes as the firm reported that notations on the register of Indonesia’s Supreme Court show the court has rejected the company’s appeal.

      The appeal was an attempt to overturn a decision in a regional tribunal relating to the revocation of mining licences for the US$1.8 billion East Kutai coal project, which prior to the legal problems was on the verge of development.

      “It’s disappointing to see this notation on the case register,” said chairman David Quinlivan.

      “We are determined to continue to seek a legitimate remedy for our shareholders and protect our rights as a foreign investor in Indonesia.”

      Churchill shares fell almost 20 per cent on AIM this morning to trade at 10p each.

      Alongside the appeal, Churchill also sought a possible commercial settlement to end the dispute, and to this end it sent a letter to Indonesia’s president Susilo Bambang Yudhoyono in November.

      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, Churchill said.

      The company has yet to receive a response to the letter.

      Churchill says it 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 – namely the United Kingdom – Indonesia Bilateral Investment Treaty.

      Preparation of the arbitration claim is well advanced and a ‘Request for Arbitration’ will be filed shortly, it explained.

      Churchill also told investors it currently has US$13.84 million in the bank.



      http://www.talk-finance.co.uk/churchill-mining-to-accelerate…
      Avatar
      schrieb am 04.04.12 21:43:00
      Beitrag Nr. 220 ()
      Drei Sachen stehen weithin an :

      1. Der Brief von Churchill an die indonesische Regierung wurde noch nicht beantwortet

      2. Klage gegen ihren Partner Ridlatama Group der sich für die ganze Geschichte verantworten muss

      3. Klage am Internationalen Gerichtshofes
      2 Antworten
      Avatar
      schrieb am 04.04.12 21:45:26
      Beitrag Nr. 221 ()
      Antwort auf Beitrag Nr.: 43.004.025 von donnerpower am 04.04.12 21:43:003. Klage am Internationalen Gerichtshofes

      Am laufen...

      Britain's Churchill eyes arbitration on Indonesia mine



      JAKARTA — Britain's Churchill Mining said Wednesday it would seek international arbitration after an Indonesian court indicated it would dismiss its claim to one of the world's biggest coking coal reserves.

      The court published the rejection as a notation on its website, but is yet to officially enforce the decision.

      Churchill chairman David Quinlivan said: "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."

      In a statement Churchill said "it will now move its attention to preparing and filing a claim" against Indonesia -- with the International Centre for Settlement of Investment Disputes in Washington DC -- for direct breaches of its own investment laws and obligations under global investment treaties.

      It said it would file for arbitration "as soon as a few weeks from now".
      Churchill and a local partner obtained permits on 35,000 hectares (86,500 acres) of land on Borneo, expecting to find 100 million tonnes of the coking coal that is in high demand in India and China to drive their huge economies.

      Instead, they found 2.8 billion tonnes, which Churchill said could bring in up to $1 billion a year for the next 25 years. They made the finding public in 2008.

      However the permits were revoked by the district head in East Kutai and returned to the former concession holder, the Nusantara Group, which has declined to comment on the case.

      Nusantara is owned by one of Indonesia's wealthiest men, Prabowo Subianto, the former head of the notorious Kopassus special forces unit who is accused of human rights abuses during Indonesia's 1975-1999 occupation of East Timor.

      Churchill's shares plunged more than 15 percent to 10.12 pence (15 US cents) in London trade on Tuesday, after the court decision was made public.

      Since 2010, Churchill's shares have plummeted over the row, from above 130 pence.

      The Indonesian court's decision follows a raft of government regulations on mining seen as unfriendly to foreign investors, including a law that obliges foreigners to divest 51 percent of their shares in Indonesian mining assets.


      http://www.google.com/hostednews/afp/article/ALeqM5gpWjonL4R…
      1 Antwort
      Avatar
      schrieb am 05.04.12 06:27:36
      Beitrag Nr. 222 ()
      Antwort auf Beitrag Nr.: 43.004.040 von donnerpower am 04.04.12 21:45:26mein lieber donnerpower, ich hab also keine ahnung, da kann ich nur
      lachen, denn wer in ländern wie indonesien investiert, muss einen
      totalverlust von vornherein einkalkulieren und wer das nicht tut,
      der hat entweder zuviel kohle oder zockt "auf teufel komm raus",
      aber das sollte er bei einer thread-eröffnung auch deutlich machen
      tut er es nicht, ist das schon fast kriminell. was nun churchill
      betrifft, die chanchen stehen mm. 99:1 gegen churchill, gruß CLEO :p:p:p
      Avatar
      schrieb am 19.08.12 09:16:45
      Beitrag Nr. 223 ()
      Am laufen...

      Hat jemand etwas gehört wie die Klage bisher gelaufen ist ?
      Ich persönlich befürchte da kommt nichts raus , außer ein paar neureiche indonesische Advokaten !

      Mittlerweile soll bereits eine andere Firma den Fuß auf "unseren" claims haben !
      Avatar
      schrieb am 21.08.12 20:30:35
      Beitrag Nr. 224 ()
      Neureich, natürlich mit unserem Geld !

      Indonesien wehrt sich mit allen Mitteln gegen unsere berechtigten Forderungen, so die letzte Meldung die ich las !

      Und es gibt in Europa immer noch Menschen die Geld in Firmen stecken die dort aktiv sind -- für mich einfach unfassbar !
      Avatar
      schrieb am 21.08.12 21:35:39
      Beitrag Nr. 225 ()
      ...

      oder ist etwa in YOP Churchill hoch kriminell ?

      würde mich wirklich interessieren wie ihr das seht ?

      einer von beiden gehört jedenfalls zum " Mafia -Lager "

      - but who ?

      I think to know it !
      Avatar
      schrieb am 27.08.12 11:38:12
      Beitrag Nr. 226 ()
      http://m.majalahtambang.com/detail_berita.php?category=15&ne…

      TAMBANG, Jul 25, 2012 | 23.01
      Who�s Afraid Of Churchill
      By: Alfonsus Atu Kota

      Only months after appointed as Vice Energy Minister, Rudi Rubiandini must already face a legal case against his office. Churchill Mining Plc. (hereinafter referred to as Churchill), a British mining company, has filed a lawsuit against among others the central government of Indonesia and the local government of East Kutai.

      The Bandung Institute of Technology graduate was nevertheless calm as he claimed that the case submitted by Churchill and its Indonesian partner, PT Ridlatama, is purely a business problem. �Should there be misinformation or falsification of data, the parties concerned must settle it between themselves in the civil court,� he said in Jakarta, July. If the documents referred to by Churchill are legally proven to be accurate, and if the unfairness as charged could also be proven, then Churchill via its Indonesian partner could take the Regent of East Kutai to court.

      �I think the Regent (of East Kutai) would not deliberately revoke a license without firm reason and accurate data. In principle, there is no legal basis for Churchill to charge a lawsuit against the Regent, let alone against the central Government or the President,� stated the former BP Migas official.

      An unclear relationship between Churchill and PT Ridlatama is suspected to be the main reason behind the case. On the word of Churchill, as shown in a bi-lingual letter attached to an e-mail from the company�s solicitor Hogan Lovells LLP, Atlantic House, Holborn Viaduct, London, which was sent to TAMBANG Magazine last June, the relationship should be incontestable. The letter did not make any references to the legal conditions of the relationship.

      The letter was actually addressed to the President of the Republic of Indonesia Susilo Bambang Yudhoyono, the Regent of East Kutai Irsan Noor, Minister of ESDM Jero Wacik, Minister of Forestry Zulkifli Hasan, Head of Investment Coordinating Board (BKPM) and Minister of Foreign Affairs Marty Natalegawa. The letter which bears intimidating tone towards the Indonesian government and the local government of East Kutai mainly elucidates on a mining contract between Churchill and PT Ridlatama.

      In the letter, Hogan Lovells LLP stated that his client has received unlawful and unjust treatment from the East Kutai government and several ministries here. The treatment is seen as abusing the rights and interests of Churchill under the existing law in Indonesia, which shall also be deemed as a breach of the principles of the international laws, specifically of the Bilateral Investment Treaty (BIT) between Indonesia and the UK.

      The letter further called for the relevant authorities to take necessary steps towards an amicable resolution. Otherwise, the British company would commence an arbitrary process against the Indonesian government, which could taint the country�s reputation as a trustful destination for investment.

      The charge was proven to be serious. Churchill has since begun the process to take the government of the Republic of Indonesia to the International Centre for Settlement of Investment Disputes (ICSID) in Washington D.C. In its claim, Churchill asked the Indonesian government to pay a compensation of US$ 2 billion for the illegal revoking of its mining licenses by the East Kutai regency government.

      The Regent of East Kutai Irsan Noor expressed his opinion on the issue. According to him, Churchill has never invested in his region. He stated that he does not afraid of the lawsuit.

      �The arbitrary process by Churchill does not have a strong legal basis. Churchill has never invested in the mining sector at East Kutai or in Indonesia,� he affirmed during a press conference to respond to the lawsuit in Jakarta, June. He informed that he had just heard of Churchill�s name in 2009, when the company laid a claim that it has invested in the mining sector with the potential second-biggest coal reserve in the East Kutai. He also claimed that the company is not registered at the East Kutai Regional Mining Service. �Give me evidence that Chuchill had really invested in the mining sector,� claimed the Regent.

      The head of legal advisors for the East Kutai government Didi Darmawan questioned the evidence of ownership of Churchill�s share at PT Ridlatama Group, said to possess four mining permits (IUP) in East Kutai. The local government has thus far no knowledge of the ownership of Churchill at Ridlatama, which is alleged to be as big as 75 percent. �Even in its arbitrary claim, they failed to provide any detailed references to the ownership and on the shares at the four IUPs,� said Mr. Darmawan. He maintained that according to his sources, PT Ridlatama Group itself has admitted to a 100 percent ownership of local investors. Its relationship with Churchill is limited at a Master Service Agreement. �We have known this since year 2009, when the East Kutai Regent sent a written letter to PT Ridlatama Group on the subject of Churchill,� continued the lawyer.

      On the revocation of the mining permits of PT Ridlatama Group, he stated that the matter was already accorded to the existing law in Indonesia. He claimed that he was informed of the finding by the State Audit Agency (BPK) which alleged that the permits which belong to PT Ridlatama Group are indicated as forged. �According to BPK�s findings, the numbering on the letter of permit was reversed, hence the allegation of falsification,� stated Mr. Darmawan. Moreover, the East Kutai Regent had also considered a report from the Ministry of Forestry on the mining activities of PT Ridlatama Group, which are said to be done on the so-called production forest without a proper permit from the Ministry. �The East Kutai Regent had therefore revoked the four permits which belong to PT Ridlatama Group,� affirmed Mr. Darmawan.

      Even President Susilo Bambang Yudhoyono had his say on the subject. He utttered his hope that the Indonesian Government could win the case claimed by the British company.

      �I hope we will win because I don�t want multinational corporations to do whatever they want with their international force, pressuring developing countries such as Indonesia,� said President Yudhoyono on the occasion of a plenary cabinet meeting at his office in Jakarta, 28 June 2012.

      President Yudhoyono stated that such a case must serve as a lesson for regional administrations in resource rich areas. At the same time, he also lauded the East Kutai Regent�s decision to revoke the mining permits of Churchill. �Just imagine if we have hundreds of areas which are problematical (like this), and then if we are on the wrong, the implications would be extraordinary. We are thus obliged to defend our honor, truth and justice,� added the President.

      The East Kutai Regent Isran Noor implied that what the British company had done here was just a manifestation of its own resentment for being tricked by its own local partner, PT Ridlatama Group. He pointed to the fact that Churchill earlier had also taken PT Ridlatama Group to court in relation to breach of an investment agreement. The Master Service Agreement between the two was actually consigned for mining transportation service purposes only.

      When purchasing the shares of PT Indonesia Coal Development, a subsidiary of PT Ridlatama Group, Churchill should have thought that it was a mining company, when in fact the company is dealing in the mining transportation services sector. �Now Churchill and PT Ridlatama Group are suing each other. It is basically their own internal problem, what�s the use of us being also dragged along?� said Mr. Noor.

      If Churchill insists to perform mining activities on behalf of its Indonesian partner, then the British company could break the existing regulation on the permit to mine which is given only to companies in possession of mining permit. �Even Churchill�s current permit, which it had obtained from the Investment Coordinating Board (BKPM), is clearly consigned for mining transportation services only, not for mining sector,� stated the Regent. He also pointed to the facts that Churchill has not been registered at the ESDM Ministry for any kinds of contract, be it for Work Contract (KK) or for Coal Mining Exploitation Work Agreement (PKP2B). Therefore, his side would not open any doors for negotiation with Churchill, as he is sure that his government would easily win the case in the court.

      Indeed, should Churchill be permitted to mine, the company would hit it really big there. Production at the area is estimated to reach 30 million tons per year. The coal reserve is predicted at 150 million tons, with resources of 2.73 billion tons, easily places it as second biggest in the country, and seventh in the world. In 2008, upon the announcement of its partnership with PT Ridlatama, the shares of Churchill became the primadonna at the London bourse.

      The lawyer Didi Darmawan laid the claim that the British company could be seen as trying to illegally mine the coal here through its local partner.

      PT Ridlatama, the British company�s partner in Indonesia, is a Mojokerto-based group of companies with headquarters in Bintaro, Tangerang, near Jakarta. One of its commissioners is Mr. Soewadji Prawadina. He is an alumni of the Magelang Military Academy, class of 1970. That makes him a senior to President Yudhoyono, and the same generation with other known names such as Luhut B. Pandjaitan, Tyasno Sudarto, Fachrul Rozi, Subagyo HS, Slamet Kirbiantoro or Mardiyanto.

      At present, there is a huge rock standing on the way of the partnership between Churchill and Ridlatama. The dreams of reaping a great profit there could thus become fading memories only.
      Avatar
      schrieb am 27.09.12 03:21:20
      Beitrag Nr. 227 ()
      Die klage duerfte doch sehr, sehr aussichtlos eion, was meint eigentlich der THREAD GRUENDER DAZU
      Avatar
      schrieb am 27.09.12 03:28:46
      Beitrag Nr. 228 ()
      Fragte vor etlichen Wochen diesbezueglich bei der company nach und wollte vor allem wissen wie es danach weitergeht, bekam leider keine Antwort !
      Avatar
      schrieb am 07.12.12 19:38:32
      Beitrag Nr. 229 ()
      Wo steckt eigentlich der Thread Initiator ?

      Sitzt wohl in einer Villa im schönen Indonesien und lacht über alle Aktionäre ?

      Es gab in den letzten Wochen etliche news !
      1 Antwort
      Avatar
      schrieb am 08.12.12 02:47:00
      Beitrag Nr. 230 ()
      Antwort auf Beitrag Nr.: 43.904.359 von ernestokg am 07.12.12 19:38:32Ja, z.B. diese News, hab mich mal eingelesen, ist gar nicht so uninteressant. b. www.churchill.com

      mpanies on major litigation and arbitration disputes.

      Churchill Mining (LON:CHL) has appointed an international litigation veteran as its new managing director as it battles with the Indonesian government for compensation over its East Kutai coal project.

      Australian Nicholas Smith has extensive experience advising companies on major litigation and arbitration disputes, including disputes involving bilateral investment treaties and international disputes, Churchill said.

      He worked for more than 10 years as group general counsel for Normandy Mining, at one time Australia's largest gold producer and which had interests in a number of international projects enjoying the protection of bilateral investment treaties.

      “On behalf of the board and our shareholders, I look forward to his contribution in leading the ICSID arbitration that Churchill has commenced against the Republic of Indonesia. The ICSID arbitration has in effect become Churchill's principal activity and focus for the company," said Churchill's chairman David Quinlivan.

      Churchill acquired the East Kutai project in 2007 when it bought a 75% stake in Indonesian group Ridlatama after the previous owner Nusantra failed to extend the licences in 2006 and 2007.

      Churchill subsequently discovered vast coal reserves, after which the East Kutai Regency granted an extension to Nusantra’s previous licences.

      In March 2011, a tribunal ruled that Churchill and Ridlatama no longer owned the East Kutai project.

      On 22 May this year, Churchill filed a claim against the Republic of Indonesia for breaches of Indonesia's obligations under the Bilateral Investment Treaty with the UK at the International Centre for Settlement of Investment Disputes ("ICSID") in Washington.

      Churchill said it is seeking the full relief owed to it under the provisions of the UK-Indonesia BIT and under international law.

      David Quinlivan will continue in the role of non-executive chairman working alongside Nicholas Smith.
      Avatar
      schrieb am 21.01.13 09:49:34
      Beitrag Nr. 231 ()
      Zitat von ernestokg: Wo steckt eigentlich der Thread Initiator ?

      Sitzt wohl in einer Villa im schönen Indonesien und lacht über alle Aktionäre ?

      Es gab in den letzten Wochen etliche news !



      Hi @ all!

      Kann nicht so ganz nachvollziehen, was solche Postings bezwecken sollen.

      Einerseits ist jeder für sein Investment selbst verantwortlich (und steckt den Gewinn voll und ganz alleine ein), andererseits ist immer mit Unwägbarkeiten und Rückschlägen zu rechnen.

      Für mich sieht das hier so aus, dass die Machthaber in Indonesien sich den Claim unter den Nagel reissen wollen, nachdem CHL nahezu die komplette Vorarbeit geleistet hat.

      Dieser Bericht hier

      http://www.finanznachrichten.de/nachrichten-2013-01/25696082…

      passt dazu m.E. ganz gut ins Bild, denn man versucht, Churchill Betrug vorzuwerfen, indem man CHL flugs und einfach von einer ausländischen Minenfirma in eine andere Kategorie "umsiedelt", nämlich in eine Investmentfirma ausländischen Ursprungs, die gar keine Minenlizenzen in Indonesien erhalten kann.

      Das ist in meinen Augen glatter Betrug und es bleibt nur zu hoffen, dass von den eingeklagten 2 Milliarden Dollar mindestens 500-600 Mio Dollar CHL zugesprochen werden, damit wir unser Geld wiedersehen. Dies entspräche ca. 1 Dollar je Aktie.

      Anderenfalls gehen hier wohl die Lichter aus.......

      Die Entscheidung steht April/Mai 2013 ins Haus und bis dahin müssen wir uns gedulden.

      Ich persönlich erwarte einen salomonischen Richterspruch, nämlich dass der Staat Indonesien CHL abfindet und selbst Kohleproduzent wird.

      Hoffen wir's!

      Good Luck 2 all.

      Greetz

      PIBO
      1 Antwort
      Avatar
      schrieb am 07.04.13 21:37:59
      Beitrag Nr. 232 ()
      Antwort auf Beitrag Nr.: 44.043.671 von PIBO am 21.01.13 09:49:34oh was ist denn hier passiert, ging ja ganz schön up in den letzten tagen?
      Avatar
      schrieb am 15.04.13 10:41:48
      Beitrag Nr. 233 ()
      pibo!!!

      wie schätzt du die lage nach den letzten news und der optionsausgabe an dirktoren zu 0,28 gpd ein???
      Avatar
      schrieb am 15.04.13 12:01:44
      Beitrag Nr. 234 ()
      Zitat von kl_hase: oh was ist denn hier passiert, ging ja ganz schön up in den letzten tagen?



      Gemach, Gemach, mein junger Padawan!

      So wie jeder hier im Forum wirst sicherlich auch du das I-Net zur Recherche nutzen und dabei kann ich dir die Seite Interactive Investors (http://www.iii.co.uk/investment/detail?code=cotn:CHL.L&displ…) empfehlen, denn dort wird heiß darüber diskutiert, dass der Ausbruch bis auf 37 GBP (oder aber 0,37 Pfund) dadurch begründet sein könnte, dass sich Indonesianer **lächel** für den Fall einer Niederlage im laufenden Verfahren eindecken könnten.

      Denn sollte es so kommen, dass CHL gewinnt, werden Kurse von bis zu 3 Pfund (oder 300 GBP) erwartet, was etwa einer ver-15-Fachung des aktuellen Kurses entspräche!

      Das Risiko ist sehr hoch, der mögliche Gewinn ist aber gewaltig!

      Entscheide also, was du tust, in etwa 5-6 Wochen wissen wir vielleicht mehr.

      Ich bin jedenfalls gut dabei und harre der Dinge, die da kommen werden.

      Bei Kursrückgang auf ca. 12-15 GBP werde ich nochmal einige Shares nachkaufen!

      Good Luck 2 U.

      Greetz

      PIBO
      Avatar
      schrieb am 15.04.13 13:19:31
      Beitrag Nr. 235 ()
      Zitat von Rioluihui: pibo!!!

      wie schätzt du die lage nach den letzten news und der optionsausgabe an dirktoren zu 0,28 gpd ein???


      Natürlich war dieses Zitat gemeint - Sorry!

      Greetz

      PIBO
      Avatar
      schrieb am 16.04.13 12:29:10
      Beitrag Nr. 236 ()
      Hi @ all!

      Dieser Wert ist extrem explosiv - oder wie es (selbsternannte) "Börsengurus" formulieren würden extrem volatil!

      Gestern konnte man noch für 21-22 GBP (entspricht ca. 24,5-25,5 €-Cent) kaufen, heute muss man bereits 30 GBP (Tendenz schnell steigend!!) - ca. 35,2 €-Cent - auf den Tisch legen.

      Und wer weiß, vielleicht kostet ein Anteil Ende nächster Woche, Anfang übernächster Woche wieder 22 GBP.

      Derzeit ist hier alles möglich.

      Dabei ist darauf zu achten, dass man nicht in D kauft sondern einen Broker hat, bei dem man in GB (LSE) direkt ordern kann, denn anderenfalls gibt man viel zu viel für Gebühren aus.

      Warum aber ist dieser Wert so schwankungsanfällig?

      Einerseits haben sehr viele Leute sehr viel Geld hier eingebüßt, als es bekannt wurde, dass die Lizenzen für den Kohleabbau entzogen worden sind, und die wollen ihr Geld teilweise nun wieder zurück, andererseits ist dieser Wert bei Gewinn des Schiedsgerichtsverfahrens etwa 10 Mal höher zu bewerten (also: 10 x mehr wert als heute) als heute!!

      Wenn das keine klassische Triebfeder (Phantasie) für einen Kauf ist, was dann??

      Good Luck 2 all!

      Greetz

      PIBO
      Avatar
      schrieb am 13.05.13 10:45:46
      Beitrag Nr. 237 ()
      schlaft ihr alle???:eek::eek::eek:
      1 Antwort
      Avatar
      schrieb am 13.05.13 11:33:32
      Beitrag Nr. 238 ()
      Antwort auf Beitrag Nr.: 44.619.119 von Rioluihui am 13.05.13 10:45:46pibo!

      sollte das schiedsgericht gegen churchill entscheiden, dann sitzen sie auf kohle die sie nicht abbauen können. das land auf dem die kohle liegt gehört aber churchill, demnach könnten sie es nachher verkaufen! 100 mille wird man schon dafür bekommen...wären fast ein euro pro share.

      was meinst du dazu?
      Avatar
      schrieb am 14.05.13 11:54:46
      Beitrag Nr. 239 ()
      Hey!

      Klare Antwort: JEIN!

      Du musst bedenken, dass nur derjenige Käufer an einem Kauf interessiert sein kann, der auch die Kohle abbauen darf.

      Angesichts der politischen Verhältnisse in Indonesien kann das nur jemand sein, der aus dem gleichen Business kommt und mit den verfilzten Verhältnissen in Indonesien gut zurecht kommt.

      Und so jemand wird wahrscheinlich kaum den Marktpreis für die Liegenschaft zahlen, wenn er sie durch politische Freunde bzw. deren Unterstützung viel günstiger haben kann, oder?

      Im II-Forum gab es dazu einen netten Beitrag zu lesen ("The Freedom of Speech"), der die Verhältnisse dort ganz gut beschreibt.

      CHL hat die bisher aufgelaufenen Verluste aufgrund des Lizenzentzuges auf 1.054 Millionen Pfund (ca. 1.246 T€) beziffert, was einem Wert von ca. 10 €/Share entspricht. Und dabei wurde der Wert der Liegenschaft noch nicht eingerechnet!

      Denke, man erhofft sich eine üppige Entschädigungszahlung, denn nach einem solchen Disput noch dort Kohle fördern zu wollen, halte ich persönlich für äußerst unwahrscheinlich.

      Wer weiss, vielleicht steckt ja auch BUMI hinter der ganzen Geschichte, denn man ist einer der größten (und einflussreichsten!!) Kohleproduzenten in Indonesien und würde sich die Liegenschaft mit Sicherheit gerne einverleiben.

      Und wenn man dann noch ein bisschen tiefer gräbt, wird man Beziehungen zwischen der BUMI-Eigentümerfamilie und höchsten Regierungskreisen entdecken.

      Aber dies ist - wie fast alles hier - reine Spekulation.

      Drücke uns allen die Daumen, dass es gut (für uns und CHL) ausgeht.

      Good Luck!

      Greetz

      PIBO
      Avatar
      schrieb am 16.05.13 17:13:45
      Beitrag Nr. 240 ()
      Hi @ all!

      Im englischen Forum bei II (http://www.iii.co.uk/investment/detail?code=cotn:CHL.L&displ…) habe ich folgende Info aus der indonesischen Presse gelesen:

      TRIBUNNEWS.COM, JAKARTA - The Indonesian government probe linked to any criminal evidence allegedly falsifying documents Churchill Mining Group. This step will be a different legal process to arbitration at the International Center for Settlement of Investment Disputes (ICSID).


      This was said by the Regent of East Kutai, Isran Noor, in Jakarta, after following a series of hearings arbistrase in Singapore on Tuesday (14/05/2013) night. Isran confirmed it is exploring the criminal legal action.


      "They, the plaintiff, consider this case worthy brought to ICSID arbitration. Though it is unreasonable. Tribunal itself much of the opinion that the plaintiff delivered a lot of things that are not in accordance with reality. Includes examples of bilateral relations that have nothing to do with this case . Such Netherlands to Senegal, the Netherlands also with the Philippines, "said Isran.


      Isran explains, from in-depth review of the results by the legal team of the Government of Indonesia, indicated much falsification of documents made by the plaintiff and its subsidiaries (the group members). Include signature permitting mining activities in the district.


      "They then asked in the arbitration forum, why if there is truly a forgery, was not brought into the criminal realm. I reiterate, that revocation Ridlatama Group as an administrative sanction has been very giving lessons and a tremendous pressure," said Isran.


      "But when they're ready, we'll bring this issue to the point of criminal law. We just do not want to move is regarded as criminal intimidation in the arbitration process is running. But if they continue to sell, we will buy. If they sell a fish, we will buy it, "he added.


      Isran given administrative sanctions assert a form of East Kutai regency humanitarian approach in the investment sphere. Because the Ridlatama already suffered huge financial losses upon revocation of the IUP.


      "Ridlatama Group is partnering does not fit the rules. Smuggling laws because they do not report the cooperation with the local government," he said. With the recent developments, the defendant will wait and see the next steps the plaintiff.


      "For now we still wait and see. Optimistic we are in the correct position. Parties Tribunal also heard directly related to the revelation they are not carrying the alleged falsification of documents into the realm of law. We will explore the criminal action, but we do not want this to be assessed as intimidation of the arbitration process, "he said.


      Isran confirmed legal proceedings will be interpreted as a step to keep the government Ri national pride. "We want investment in Indonesia goes well. This is not to discourage investment. However provide legal certainty for investors, both domestic and abroad," he said.

      Sinngemäß sagt man dort, dass gefälschte Dokumente zur Erlangung der Bergbaulizenzen vorgelegt wurden und deswegen ursprünglich eine Lizenz erteilt wurde.

      Das ist an sich natürlich klar, dass man sich so oder so ähnlich äußern würde.

      Nun aber gab CHL geute Morgen bekannt, dass der Geschäftsführer von CHL in Indonesien zurückgetreten ist.......

      Man braucht keine allzu große Leuchte zu sein um hier einen kausalen Zusammenhang zu erkennen.

      Für mich heisst das in jedem Fall, dass ich alles verkaufen werde, bevor die Panik(verkaufs)welle losgeht, denn ich bin der Meinung, dass uns nichts Gutes bevorsteht!

      Ist aber nur meine Meinung - jeder handelt für sich, oki?

      Greetz

      PIBO
      Avatar
      schrieb am 21.05.13 09:20:29
      Beitrag Nr. 241 ()
      also ich verstehe nur bahnhof???

      wann deiner meinung wird die verkaufswelle einsetzen??? auf was wartet man jetzt und wie geht es weiter??

      bitte um hilfe pibo, da ich null durchblicke, obwohl ich mir auch schon das andere forum durchgelesen habe!

      danke!
      Avatar
      schrieb am 23.05.13 16:07:40
      Beitrag Nr. 242 ()
      Zitat von Rioluihui: also ich verstehe nur bahnhof???

      wann deiner meinung wird die verkaufswelle einsetzen??? auf was wartet man jetzt und wie geht es weiter??

      bitte um hilfe pibo, da ich null durchblicke, obwohl ich mir auch schon das andere forum durchgelesen habe!

      danke!


      Hola Lui!

      am 13./14.5.2013 fand in Jakarta eine Anhörung des Schiedsgerichtes für internationale Angelegenheiten mit den Anwälten der beiden Parteien statt, in der jeder seine Argumente für seine Position vorbringen konnte und dies auch tat.

      Im II-Forum stellte ein User den Interview-Wortlaut eines Verantwortlichen der lokalen Regierung ein, in dem dieser sagte, dass man von Seiten der Regierung im guten Glauben auf die Rechtmässigkeit eine Bergbaulizenz ausgestellt habe, diese aber widerrufen musste, da man im Nachhinein festgestellt habe, dass das Dokument zur Erlangung der Lizenz gefälscht sei.

      Dies ist an sich klar, dass man so oder so ähnlich "argumentieren" würde, wenn nicht am Tag nach der Anhörung der vor Ort Verantwortliche Geschäftsführer von CHL gefeuert bzw. degradiert wurde.

      Dies ist für mich Grund zur Annahme, dass die Position von CHL bei der Schiedsgerichtssache erheblich geschwächt wurde, falls sich die Anschuldigungen als wahr herausstellen sollten.

      Dann nämlich könnte das Schiedsgericht nur noch gegen CHL entscheiden und dadurch den Lizenzentzug bestätigen.

      Dies hätte -aus meiner Sicht- verheerende Folgen für den Aktienkurs wenn CHL eine solche Entscheidung des Schiedsgerichtes bekanntgeben müsste und deswegen habe ich schonmal meine Position um den Einsatz verringert.

      Dann tut es nicht weh, wenn ein (Buch-)Gewinn flöten geht und falls es anders kommen sollte, freue ich mich über ein sattes Plus.

      Jeder handelt aber für sich, oki?

      Good Luck!

      Greetz

      PIBO
      Avatar
      schrieb am 29.12.13 12:17:04
      Beitrag Nr. 243 ()
      Major Shareholders
      Shareholder Type Amount % Holding
      Pala Investment AG (dup) - 31,492,388 25.57
      GL Global Investment Ltd (dup A) - 19,345,000 15.71
      Rachmat Gobel (dup A) - 19,345,000 15.71
      Fara Luwia (dup A) - 19,345,000 15.71
      Director Holdings
      Name Type Amount % Holding
      David Quinlivan - 2,790,455 2.27
      Faroek Basrewan - 102,273 0.083
      Gregory Radke - 102,273 0.083
      1 Antwort
      Avatar
      schrieb am 26.06.14 01:05:42
      Beitrag Nr. 244 ()
      Antwort auf Beitrag Nr.: 46.125.371 von donnerpower am 29.12.13 12:17:04Hallo Donni, nach wie vor bin ich der Meinung, dass es keine einzige Rupie gibt, es wird so lange
      hinausgezoegert, bis der Termin abgelaufen ist, in 2028 ?? Sollte es dennoch zu Zahlungen kommen
      werden sich als Erstes die Anwaelte und andere Helfer bedienen sowie das indonesische Finanzamt

      http://www.factfish.com/de/statistik-land/indonesien/gesamte…

      ...was das englische Finanzamt angeht, auch hier wird abgezockt, siehe Doppelbesteuerung,
      Fazit, es kommt wie es soll, fuer den Kleinaktionaer bleiben vom grossen Kuchen evtl. noch 10-20%
      uebrig, das jedenfalls ist mir so erklaert worden, da ich auch an CHL interessiert bin/war. LG
      Avatar
      schrieb am 26.06.14 10:49:34
      Beitrag Nr. 245 ()
      Tut mir leid verstehe echt nicht was du da schreibst...

      ...wenn du sagen willst das bei einem möglich Schadensanspruch Zusage von 500-800Mio alles für die Anwälte und dem Finanzamt aufgeteilt wird , das sage ich dir bitte nochmal richtig überlegen was du da postest ;)


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