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[rettah] 09/2/2016 12:37

From 2012:

JAKARTA – Indonesian Government will face the accusation of England mining company, Churchill Mining Plc, accusing Indonesian Government for US$ 2 billion or Rp 18 trillion because of mining permit revocation of its subsidiary in East Kutai.

“If they accused us, we would face them. We’ll prepare any documents we have because the mission is protecting our country,” said Jero Wacik in Jakarta, Thursday (5/7/2012).

According to him, the law works facing the case. “It is a process. Our duty is protecting our country,” said Jero Wacik.

Jero Wacik stated that the problem initiated from the mining permit revocation of a mining company in East Kutai (Ridlatama) by the Regent of East Kutai. Then, the Regent was accused in State Administrative Court and he won.

Ridlatama then appealed but still failed. “It turns out that Churchill Mining Plc from England is behind the company and accused us. There is no record of that fact both in Regent and MEMR, though foreign companies taking part in investing are obligated to report to the Regent and MEMR.”

“We have to protect the country. We’ll see that the truth will win,” said Jero Wacik. (AK)


We’ll see that the truth will win..........LOL!!

[debbiegee] 09/2/2016 12:22

Cant wait for Noors turn !

[pembury] 09/2/2016 11:45

Yeah don't hurry yourselves icsid!

[debbiegee] 08/2/2016 15:47

Another black Monday Im hiding under the duvet trying not to hear the wind on the south coast !
Looks to me like somebody has been able to buy at 17.77?
That would be the tightest spread ever LOL

[trjones2] 05/2/2016 12:40

you would not want to be out of these at the weekend,lol

[winston25] 04/2/2016 13:27

debbiegee, I had a look to the presentation I just wanted to know feelings of people who are following the story since the begging.
In an arbitration case dont base your investment on what is in the Prez so far...

[weegeordie] 04/2/2016 13:12

Logic would say so but these are Indonesians you are talking about!

[debbiegee] 04/2/2016 13:10

They dont do things the easy way ,they do things their way !
As I said see the presentation and read the history of chl in the header .
You will find most of your answers there.

[winston25] 04/2/2016 13:09

I mean even for the Indonesian State it would be easier to just give back the coal mine to CHL.

[winston25] 04/2/2016 13:06

Also I m wondering why Indonesia State take risk of loosing an expansive court case instead of trying an out-of-court amicable settlement?? It would be easier..

[debbiegee] 04/2/2016 13:02

Winston, NO
See the recent presentation in the header

I see its your 1st post on advfn

[winston25] 04/2/2016 12:59

Hi guys, I have been following CHL recently...I am wondering one thing. If CHL wins the arbitration case and get the money, will CHL management want to keep running the coal project ?

[debbiegee] 04/2/2016 10:30

We come so far now I dont think we want a discounted quick payout anyway.
Would have been nice last June before the hearing though.

[theorb] 04/2/2016 10:27

Possibly the worst thing that the OXUS situation has done to CHL is to have give ROI more hope that they may win the arbitration? Any hope of an out of court settlement must have diminished a bit.

[debbiegee] 04/2/2016 10:24

Churchill's post-hearing submissions focused on (i) the large and diverse body of evidence (which includes final signed drafts of the disputed general survey licences) to show that the allegedly forged mining licences were in fact authorised by the Regency, (ii) the legal and factual consequences of Indonesia's refusals and failures to produce documents ordered by the Tribunal (for which Churchill has asked the Tribunal to draw adverse inferences against Indonesia), and (iii) the consequences of Indonesia's failure to call as witnesses a number of key Regency officials who were directly involved in the events in question.

Responding to a specific question posed by the Tribunal to the parties, Churchill also made submissions as to the consequences of the refusal of the former Regent of East Kutai, Isran Noor, to attend the hearing. At the beginning of the August hearing, as a result of Mr Noor's refusal to attend, the Tribunal made an order excluding his evidence. This was a significant development because Mr Noor was the person who signed the exploitation licences for the EKCP. Indonesia does not dispute Mr Noor's signatures on these key instruments, but rather alleges that he was tricked or deceived into signing them. Churchill has argued that, without Mr Noor's testimony, there is no convincing evidence to support Indonesia's case that the exploitation licences were the product of deceit (let alone deceit by Ridlatama or Churchill).

In its RNS market release on 4 June 2015, Churchill had noted the fact that Indonesia no longer alleges that Churchill participated in the alleged scheme to defraud Indonesia. In its first-round post-hearing brief, Indonesia changed its case again such that it does now make allegations of forgery and fraud against Churchill (rather than against Ridlatama alone). Indonesia has changed its case in this way despite the fact that, on two separate occasions before the August hearing, Indonesia represented that it was not accusing Churchill or its officers of fraud or forgery (written representations on which Churchill relied in the preparation of its case). Indonesia's fresh allegations were also not part of the case it presented at the August hearing.

Essentially, Indonesia's fresh allegations focus on a single former Churchill executive (who was not present at the August hearing, and who Indonesia has never requested for cross-examination). In its reply post-hearing brief, Churchill responded to these fresh allegations noting (amongst other things) that despite years of police investigations (the records of which the State was ordered to produce, but failed to do so) not one Churchill (or Ridlatama) employee or officer has ever been charged in connection with this affair. Churchill has also asked that, in any event, the Tribunal declare that Indonesia is barred (by its prior representations referred to above) from changing its case in this respect. The point Churchill has made is that Indonesia's late change of case threatens Churchill's right to procedural fairness

[pb01] 04/2/2016 09:50

The position on Rid is slightly unclear. When this all kicked off CHL tried to take Rid to court (or one of their staff) for a 'breach of investor trust' but I believe this was settled out of court. So the relationship with Rid and CHL must be a bit strained to say the least.

Personally I believe Rid were on the side of ROI initially (possibly bribed as mentioned above) but have since come over to CHL side. But why have Rid not taken RoI to court for their 25% stake - always puzzled me? May be because they are an Indo company not backed up with a BIT so they have zero chance of winning this in the Indo courts. So they sit on the sidelines and wait for CHL/Planet to win their case first.

After RoI cleared CHL for any blame in forgery (RNS June last year) the RoI have subsequently blamed Rid for the forgery. PO.20 asks the about relevance of Rid in the CHL/Planet case which is a very valid question. The question should not be about the partners it should be simply are the licences either genuine or forged. From the information we are told there appears to be overwhelming evidence about the licences being genuine and registered in the correct places and furthermore CHL/RID/Planet paying their licences fees to various ministries for many years so I believe our case is very strong indead.

[debbiegee] 04/2/2016 09:13

The 1 little fear I always had was what if ROI bribed Ridlatama to say they had forged.
It seems that RID atttended hearing and claimed to have sold us legitimate licenses and ROI collected their dues.
Not sure where this was documented ?

[debbiegee] 04/2/2016 08:30

Going by the trades yesterday 18p looks to be a buy

[debbiegee] 03/2/2016 18:41

Rid came to the last hearing with us and I believe their statement is mentioned in the update.