Churchill Mining Takes Direct Ownership In Area Of East Kutai
18th Jun 2010 08:15
LONDON (Dow Jones)--U.K.-based coal miner Churchill Mining PLC (CHL.LN) Friday said it has taken direct ownership in the Ridlatama Tambang license area of the East Kutai Coal Project, in accordance with a new Indonesian mining law. Managing Director Paul Mazak said direct ownership gives Churchi
Read moreSmall caps round up: Churchill Mining, Synergy Health, Nautical Petroleum
26th Apr 2010 12:31
Shares in Churchill Mining ticked up after the Indonesian-focused coal miner said it had signed a memorandum of understanding for the supply of coal to a subsidiary of the Indonesian state electricity firm Perusahaan Listrik Negara (PLN). It will supply up to 5m tonnes a year, 'significantly incre
Read moreSmall caps round-up: Churchill, COE, Stratex...
29th Mar 2010 13:12
Indonesian-focused coal miner Churchill Mining narrowed pre-tax losses to $3m or 3.91c per share in the half-year ended 31 December from $13.8m or 20.61c per share. CCTV developer and supplier COE Group reported a 37% drop in first-half revenues, but said it expects revenues to grow over the seco
Read moreChurchill hails 'world class' project
26th Oct 2009 07:55
Indonesian-focused coal miner Churchill Mining said the initial reserve statement for its East Kutai Coal Project demonstrates it is a ‘world class’ sized project. Using the calculation methods stipulated by the Joint Ore Reserves Committee (JORC), the initial probable in-situ reserve figure for t
Read moreLondon close: Tough day for Footsie
22nd Oct 2009 16:41
Blue chips rallied late in the day, but it was a tough session generally with miners and insurance companies under pressure. Telcos led the rally with Vodafone, British Telecom and satellite group Inmarsat all making gains near the close. Lloyds was also a late riser as on reports that it is close
Read moreLondon afternoon: Stocks stuck at lower levels
22nd Oct 2009 14:10
The Footsie finished the lunch-time session little changed from where it started it, despite mining stocks trimming losses sustained in the morning. Mining giant Anglo American is actually higher on the day after it announced plans to divest assets, including its zinc and tarmac operations, as it
Read moreSmall caps round-up: Solo Oil, Plant Impact, ROC Oil...
22nd Oct 2009 13:12
Solo Oil has reacted to a sharp rise in the oil and gas firm's share price by saying that it is 'in negotiations to make an investment in accordance with its investing policy.' Crop productivity technology group Plant Impact has been awarded a €1m grant by the European Union to develop technology f
Read moreLondon close: Buoyant US lifts FTSE 100
28th Sep 2009 16:37
Footsie put a sluggish start to the day behind it to post strong gains, helped by buoyant showing on Wall Street. There were contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research fi
Read moreLondon afternoon: Market cements morning's gains
28th Sep 2009 14:15
London made further headway over the lunchtime session, boosted by expectations of a firm opening on Wall Street. There are contrasting fortunes for two stocks dependent on the health of the housing market, with Wolseley on the rise and Home Retail on the slide. Earlier today property research firm
Read moreLondon midday: Market edges higher despite weak banks
28th Sep 2009 11:59
Leading shares remain mixed, but the Footsie is still in the blue despite weakness from banks and miners. Cash call rumours continue to swirl around the two part-nationalised banks Lloyds Banking and Royal Bank of Scotland while miners are easier despite some upbeat comments from Anglo American bos
Read moreLondon open: Early gains fizzle out
28th Sep 2009 08:47
London's blue-chip have started the week hesitantly desite a rally by Wolseley on hopes its fortunes may have bottomed. Builders' supplies specialist Wolseley racked up losses of more than £1bn last year after a raft of one-off charges. Ongoing pre-tax losses came in at £766m in the year to July, a
Read moreChurchill Mining gets three approaches
28th Sep 2009 07:38
Indonesian-focused coal miner Churchill Mining has confirmed it has received three approaches over deals, including one full takeover suggestion, but has denied any of these involve mining giant BHP Billiton. Churchill, which put out the statement after a surge in its share price recently, said it
Read moreSmall caps round-up: Sirius Petroleum, Gem Diamonds, Churchill Mining...
26th Aug 2009 10:55
Sirius Petroleum has been guaranteed at least $80m of debt funding by London-based Capital Investment Office for its first marginal oil field project. 'We now have a substantial funding line which will enable us to execute our first asset deal in line with our strategy to create shareholder value
Read moreSmall caps round-up: Mount Engineering, Oxeco, Renew...
23rd Jul 2009 09:27
Mount Engineering said it is satisfied with its progress in the first six months of the year and expects results to be in line with the prior year first half. "Whilst current market visibility remains unpredictable, effective margin management and overhead cost control is maintaining profitabilit
Read moreChurchill raises estimates of resource at Indonesian mine
18th May 2009 15:27
Churchill Mining has upped its resource estimate for its 75% owned East Kutai Coal Project in Indonesia by more than 100% after extending its drilling area. The company said the global resource at the project is now 3.18bn tonnes of thermal coal, of which 1.4bn tonnes is compliant with the definiti
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