Churchill appoints advisors

Churchill Mining PLC, the Indonesian-focused UK coal mining Company has appointed Pala Investments AG as a strategic advisor.

Pala will assess Churchill?s current structure with a view towards increasing Churchill's operational and capital-raising flexibility.

In addition to appointing Pala, Churchill, through its wholly owned Indonesian subsidiary, PT Indonesia Coal Development, has engaged PricewaterhouseCoopers Indonesia (PwC) to assist with assessing certain aspects of the Company's current structure from a tax and financial perspective, including the impact of the implementation of the new Mining Law in Indonesia.

"We are pleased to have selected Pala as an advisor to Churchill as the Company enters the next phase of its life cycle. To date, Pala has been a tremendous supporter of the Company's development efforts including the recently announced milestone of the initial reserve statement, at just under a billion tonnes, at the world-class East Kutai Coal Project (EKCP),?Churchill Mining's CEO Paul Mazak commented.

?With the addition of Pala & PwC as advisors, the Company has assembled an expert team to continue its growth and the further development of the EKCP as it moves from a defined reserve to a producing asset."(alex)