Churchill buys Indonesian coal

LONDON-listed, Perth-based Churchill Mining has acquired an 80% stake in the Sendawar thermal coal exploration project in Kalimantan, Indonesia, in a mainly scrip deal valued at £2.75 million, with a £5.25 million placement also undertaken to support the acquisition and ensuing work programs.

Churchill buys Indonesian coal Churchill buys Indonesian coal Churchill buys Indonesian coal Churchill buys Indonesian coal Churchill buys Indonesian coal

Sendawar covers more than 1000 sq.km near Thai miner Banpu’s newly-commissioned Trubaindo operation – currently producing at around 6 million tonnes per annum – and the privately-owned 3.

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