trending Market Intelligence /marketintelligence/en/news-insights/trending/avLlt-aJ9WEfC8MR-kQSRA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Churchill Mining loses tribunal appeal in Indonesian case

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Churchill Mining loses tribunal appeal in Indonesian case

An international arbitration tribunal rejected Churchill Mining PLC's request to annul an earlier decision dismissing the company's claims against the Indonesian government over the East Kutai coal project.

In 2014, Churchill lodged a US$1.32 billion claim against the Southeast Asian country with the International Centre for Settlement of Investment Disputes following the revocation of its licenses at the project.

However, Churchill lost the case in 2016 and was ordered to pay a US$9.4 million award. The company filed an appeal a year after.

After the latest ruling, Churchill will now be required to pay the award apart from the cost of proceedings totaling US$397,536, which the company already advanced.

In a March 19 release, Churchill called out the tribunal for not being fair and questioned its credibility. It also described the award as "defective" and "partisan."

The company's shares on the NEX Exchange will remain suspended, it said.