Churchill Mining plc ICSID Arbitration Update (5848J)
12 September 2016 - 12:37PM
UK Regulatory
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
+44 (0)20 3861 6625
This information is provided by RNS
The company news service from the London Stock Exchange
END
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September 12, 2016 07:37 ET (11:37 GMT)