CHURCHILL MINING PLC
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British Churchill Mining threatens Indonesian government with arbitration
London-listed Churchill Mining Plc is threatening Indonesia to seek international arbitration, saying that the company was unlawfully deprived of a US$1.8 billion coal discovery in the jungles of Borneo Island.
The East Kutai project is a huge resource with a JORC compliant estimate of 2.7 billion tonnes of coal, acquired by Churchill in 2007 through an acquisition of a 75% stake in Indonesian group Ridlatama.
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30 Million Tonnes per Annum East Kutai Coal Project Feasibility Study Returns Pre-Tax NPV of US$1.8 Billion
Andrew Topf | September 27, 2010Churchill Mining PLC and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73 billion tonne (“bt”) East Kutai Coal Project in Indonesia. Read more
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ANNOUNCEMENT
Orezone Completes the Sale of Sega to Cluff Gold for $26.5M
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.
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