June 23, 2014 Churchill Mining plc provided a company/property update.
September 23, 2010 Churchill Mining PLC, and the Company's Indonesian partners the Ridlatama Group, announced the completion of the Feasibility Study on the $2.73 Bn t East Kutai Coal Project in Indonesia. Highlights include a pre-tax net present value of US$1.8 Bn, internal rate of return of 21% and payback period of 7 years of investment evaluation, modeled over an initial 25-year period.
July 1, 2010 Churchill Mining and Its Indonesian partners the Ridlatama Group, who jointly own the East Kutai coal project in Indonesia, 75% and 25% respectively,
announced their intention to increase the project coal production rate by up to 10 mtpa to 35 mtpa. Coal production from the Northern Pit would increase from 20 mtpa to 25-30 mtpa and production from the Southern Pit would remain at 5 mtpa.