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CHL Cloudified Holdings Limited

37.75
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cloudified Holdings Limited LSE:CHL London Ordinary Share VGG3338A1158 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 37.75 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 4.57M 1.49M 0.2821 1.34 1.99M

Letter to Republic of Indonesia (2259T)

02/12/2011 7:00am

UK Regulatory


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RNS Number : 2259T

Churchill Mining plc

02 December 2011

2 December 2011 AIM: CHL

CHURCHILL MINING PLC

Letter to the Republic of Indonesia

Churchill Mining plc (AIM: CHL) ("Churchill" or the "Company") advises that it has filed a formal letter to the Republic of Indonesia seeking cooperation from senior government officials to achieve an amicable and commercial resolution to the investment dispute the Company is currently facing.

The letter highlights that following a significant investment in coal exploration in Indonesia, Churchill identified a world class thermal coal deposit at East Kutai, only to be subjected to a sustained campaign designed to expropriate Churchill's legitimate rights to develop this deposit.

The Company believes that the actions of various Indonesian parties, both government and private, seeking to expropriate the Company's 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.

A full copy of the letter will be made available on the company's website at www.churchillmining.com

END

For further information, please contact:

 
 Churchill Mining plc   Northland Capital       Tavistock Communications 
  David Quinlivan        Partners Limited        Paul Youens / Jos Simson 
  + 61 8 6382 3737       Shane Gallwey / Luke    +44(0)20 7920 3150 
                         Cairns                  pyouens@tavistock.co.uk 
                         +44(0)20 7796 8800 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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