Churchill Mining plc ICSID Arbitration Update (5848J)

TIDMCHL

RNS Number : 5848J

Churchill Mining plc

12 September 2016

12 September 2016

AIM: CHL

CHURCHILL MINING PLC

("Churchill" or "the Company")

ICSID ARBITRATION UPDATE

The Directors of Churchill Mining plc (AIM:CHL) refer to the announcement of 21 June 2016 in which the Company reported that the ICSID Tribunal ("Tribunal") had advised that it expected to issue its decision on Document Authenticity during the course of September 2016.

The Directors advise that on 10 September 2016 the Company received a letter from the Tribunal inviting Churchill and Indonesia to provide their views on three points of international law arising out of a particular legal authority.

Whilst the Tribunal advised that it regretted the delay that these additional submissions will cause to the planned issuance of its decision, the Tribunal deemed it appropriate to give the Parties an opportunity to comment on these specific points of law.

The Tribunal has further advised that once it has deliberated on the Parties' additional submissions it expects to be in a position to issue its decision.

The Tribunal has set the deadline for lodgement of the Parties' additional submission as Friday 23 September 2016, with any submissions in reply to be filed by Friday 7 October 2016.

Churchill Chairman David Quinlivan said "the Company will file the requested submission and reply in accordance with the advised timetable and we look forward to the Tribunal handing down its decision."

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

ENDS

For further information, please contact:

   Churchill Mining plc                                       Northland Capital Partners Limited 
   David Quinlivan                                                 Nominated adviser 
   Nicholas Smith                                                  Edward Hutton/William Vandyk 
   Russell Hardwick                                              Gerry Beaney 
   + 61 8 6380 9670                                            Broking 

John Howes / Abigail Wayne

[phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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September 12, 2016 07:37 ET (11:37 GMT)