Description:
• Churchill Mining PLC (AIM:CHL) is an Indonesia focused mining company with diversified
natural resource interests.
• Churchill is currently developing a major thermal coal resource in Indonesia at the East Kutai project
which has over 1.5 billion tonnes of proved resources (JORC compliant).
Investment Overview:
• Pala has built its stake in Churchill, since participation in its IPO, through open market
and private purchases to a current equity ownership of just under 32%.
• Pala is the largest shareholder of Churchill’s and was invited to join the board.
• Pala was the cornerstone investor in Churchill’s £5 million equity offering in May 2009.
http://www.churchillmining.com
