Freeport Indonesia to process 400,000t of copper concentrate at new smelter
Earlier this month, Freeport obtained an export permit for the rest of the year from the government.
British coal miner, Churchill Mining (LON:CHL), and its case against the Indonesia government got a leg up when its two-year legal battle was profiled in the New York Times.
The company says the regional government in East Kalimantan unfairly seized its coal project in Borneo.
On May 22 Churchill Mining filed a claim with the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC, against the Republic of Indonesia for breaches of its obligations under the Bilateral Investment Treaty (BIT) with the UK.
“The board of Churchill is concerned that it has had to resort to international arbitration with an emerging economy such as the Republic of Indonesia,” said Churchill chairman, David Quinlivan in the company’s news release.
The New York Times is a leading news site and receives more than 30 million unique visitors per month. A link to the article features prominently on Churchill’s homepage.
