Churchill Mining (LON:CHL) told investors that it has appealed against the decision made by the Administrative Tribunal in Samarinda, relating to the revocation of the four mining licences that comprise the East Kutai Coal Project (EKCP).
Last week the Samarinda tribunal ruled against Churchill.
Previously the East Kutai Regent (Bupati) - an authority that governs the East Kutai administrative region of Indonesia's East Kalimantan Province - had purported to have cancelled the four mining licenses. Churchill had referred the matter to the tribunal in Samarinda.
It was an attempt to have the original cancellations officially expunged from the record because they considered that the Bupati had violated a number of administrative protocols.
On 3 March 2011 Churchill said it strongly disagreed with the decision and it was evaluating options to remedy the situation.
This morning it confirmed that it has now filed an appeal to the Administrative Tribunal in Samarinda, and the appeal will be heard in Jakarta by the Administrative High Court.
Churchill said it may take several months before the Administrative High Court issues its notification to the parties, which will mark the beginning of the formal appeal process.
In the mean time it expects to receive the full written ruling from the Samarinda tribunal – Thursday’s ruling was given verbally – in about two weeks.
It will then be reviewed, for the purpose of preparing and filing the memorandum of appeal – which will contain the arguments that Churchill will put forward to the high court.
Churchill also confirmed that it currently has US$12.2 million in cash.
Earlier this week the company also reminded investors that it is continuing to talk with prospective partners for the development project (Read More).