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Churchill Mining has lodged an unlawful act claim against a member of the Ridlatama group after its notice of dispute was ignored. Churchill is seeking an order for damages to compensate for alleged losses suffered as a consequence of allegedly unlawful acts by Ridlatama group member, Andreas Rina
Read moreMining group Churchill has agreed a £7.7m share placing to develop its East Kutai Coal Project in Indonesia. The shares are being placed to the businessman and businesswoman Rachmat Gobel and Fara Luwia. A total of 19,345,000 shares are being issued at 40p a share, which is a 40p ahead of the avera
Read moreLondon staged a last hour rally but didn't rise by enough to eliminate losses sparked by a weak start on Wall Street. News that Brazilian oil company Petrobas will launch a world record $78bn rights issue helped other oil companies. BP, Shell and Cairn all picked up near the close. Expectation t
Read moreExpectations of a weak start on Wall Street, after poor US jobless data, sent London lower still over the lunch time session, with banks and miners continuing to feature prominently among the blue-chip fallers. Lloyds and Standard Chartered are the worst performing banking stocks as worries resur
Read moreLondon's blue-chips are beating a rapid retreat but second liners are having a slightly better time of it, though most are still in arrears. Banks and miners are prominent among the blue-chip fallers. Lloyds and Standard Chartered are the worst performing banking stocks while HSBC is also lower a
Read moreShares in Churchill Mining roared ahead after the coal miner said a study at its East Kutai project in Indonesia 'confirms the technical and economic feasibility of the project and demonstrates that it is a world-class thermal coal deposit .' An investment evaluation of the project indicates that i
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps ABB LTD. (ABB), a Swiss engineer, Thursday threw in the towel in a bidding war over U.K. industrial company CHLORIDE GROUP PLC (CHLD.LN), increasing the
Read moreLONDON (Dow Jones)--Indonesia-focused coal miner Churchill Mining PLC (CHL.LN) Thursday said it believes it will be able to produce an extra 10 million metric tons of coal a year from its East Kutai project. The company said feasibility studies show mine facilities planned for the northern part
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps GW PHARMACEUTICALS PLC (GWP.LN), a drug developer, Friday said it received a license for its cannabis-derived multiple sclerosis medicine Sativex from th
Read moreMusic copyright group Conexion Media narrowed losses in the year to December 31 despite lower revenues. Pre-tax losses fell to £630,000 from £1.6m on revenues that were down to £3.4m from £4m. Conexion, which specialises in the administration of film and TV related music rights, won deals newspape
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps Small-cap investors Friday welcomed changes set to make fundraisings and rights issues by small and mid-cap companies simpler and cheaper after the Europ
Read moreDow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps STAFFLINE GROUP PLC (STAF.LN), a U.K. recruitment company, Friday said it expects both first-half and full-year earnings to be "significantly ahead" of c
Read moreLONDON (Dow Jones)--U.K.-based coal miner Churchill Mining PLC (CHL.LN) Friday said it has taken direct ownership in the Ridlatama Tambang license area of the East Kutai Coal Project, in accordance with a new Indonesian mining law. Managing Director Paul Mazak said direct ownership gives Churchi
Read moreShares in Churchill Mining ticked up after the Indonesian-focused coal miner said it had signed a memorandum of understanding for the supply of coal to a subsidiary of the Indonesian state electricity firm Perusahaan Listrik Negara (PLN). It will supply up to 5m tonnes a year, 'significantly incre
Read moreIndonesian-focused coal miner Churchill Mining narrowed pre-tax losses to $3m or 3.91c per share in the half-year ended 31 December from $13.8m or 20.61c per share. CCTV developer and supplier COE Group reported a 37% drop in first-half revenues, but said it expects revenues to grow over the seco
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