Churchill Mining's US$2 billion lawsuit against Indonesia gets lift from NY Times
British coal miner, Churchill Mining (LON:CHL), and its case against the Indonesia government got a leg up when its two-year legal battle was profiled in the New York Times.
The company says the regional government in East Kalimantan unfairly seized its coal project in Borneo.
On May 22 Churchill Mining filed a claim with the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC, against the Republic of Indonesia for breaches of its obligations under the Bilateral Investment Treaty (BIT) with the UK.
"The board of Churchill is concerned that it has had to resort to international arbitration with an emerging economy such as the Republic of Indonesia," said Churchill chairman, David Quinlivan in the company's news release.