Churchill Mining Raises Production Forecast For East Kutai

1st Jul 2010 08:35

LONDON (Dow Jones)--Indonesia-focused coal miner Churchill Mining PLC (CHL.LN) Thursday said it believes it will be able to produce an extra 10 million metric tons of coal a year from its East Kutai project. The company said feasibility studies show mine facilities planned for the northern part of the project could handle more coal. It increased its forecast production rate to 35 million tons a year. Credit Suisse, its adviser, is helping Churchill evaluate various development options for East Kutai, Churchill said. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; [email protected] (END) Dow Jones Newswires July 01, 2010 03:35 ET (07:35 GMT)