Churchill Mining Plc: Filing of appeal to the Indonesian Supreme Court
Monday, September 26 2011 - 07:55 PM WIB
(September 26, 2011)--Further to the announcement of 15 September 2011 Churchill Mining Plc wishes to advise that the Company has today filed its Memoranda of Appeal to the Supreme Court of Indonesia following the negative decision received from its appeal to the Administrative High Court of Jakarta.
The original appeal to the Administrative High Court in Jakarta was launched to seek to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan in relation to the revocation of the four mining licenses that comprise the East Kutai Coal Project (in which Churchill has a 75% interest).
The Company remains well funded with US$19.7 million cash on hand at 19 September 2011 to continue to protect its rights in the East Kutai Coal Project.
The Company will provide further updates when available.(end of release)