Update on Indonesia's Default in ICSID Proceedings
06 May 2016
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International tribunal throws out Churchill Mining's damages claim against Republic of Indonesia
Churchill Mining was seeking a ruling from the ICSID tribunal
for US$1bn-plus damages after the expropriation of the firm's
rights over the huge East Kutai coal mine in Indonesia.
Churchill Mining shares suspended with crucial tribunal decision imminent
Churchill Mining said its lawyers, Clifford Chance were
provided with notice of the ICSID tribunal’s intention to issue its
decision on the Forgery Dismissal Application today.
Churchill Mining has support and could kick on to 42p
Our chart guru gives his assessment of Churchill, one of the
most talked about stocks on the bulletin boards.
Churchill Mining has the technical momentum to add 50%, says Zak Mir
Churchill Mining PLC (
LON:CHL ), the
Indonesian-focused coal miner, has technical support to add another
50% onto its current share price, according to chartist Zak
Mir.
The King of Charts, in a TIP TV segment for Proactive, reckons
the stoc...
Churchill Mining climbs as Indonesia drops fraud claim
Indonesia no longer alleges that the company participated in
a scheme to defraud it.