News

November 13, 2008

Churchill Mining Explores The River Route For East Kutai’s Initial 3 Million Tonnes Of Thermal Coal Per Year

By Alastair Ford

Everyone wants a piece of Barack Obama these days. In Kenya they have a physical focus in Obama’s grandmother. In Indonesia, by contrast, they have a piece of his past, as Obama lived there for several years during his youth, a period in his life during which he went by the less glamorous name of “Barry”. We know these small but interesting facts about Barack - formerly Barry – Obama here on Minesite thanks to the good efforts of Paul Mazak and his team at Churchill Mining. Global US election hype notwithstanding, it’s to Paul and his team that we turn to for information about what’s big news in Indonesia. Churchill does a good line in keeping the wider investment world informed about developments in the commodity in which it specialises – coal – and also in the country of its operations – Indonesia. Thus in Churchill’s latest informative newsletter we learn of a party atmosphere in Jakarta as old friends recall the days “Barry” shared their classrooms, and exult in his elevation to the office of most powerful man on earth.

But it’s not only useful for us in London to tune in to Indonesia via Churchill’s round robins. It’s also useful for us to know how tuned in Churchill itself is. Thus round about the time the Indonesians were exulting about “Barry’s” elevation, in London analysts, and to a certain extent investors, were exulting in Churchill’s latest plans for its East Kutai thermal coal property in the Indonesian regency of Kalimantan. It’s not so long ago that Churchill delivered its latest JORC numbers on...