12 September 2016
CHURCHILL MINING PLC
("Churchill" or "the Company")
ICSID ARBITRATION UPDATE
The Directors of Churchill Mining plc (AIM:CHL) refer to the announcement of 21 June 2016 in which the Company reported that the ICSID Tribunal ("Tribunal") had advised that it expected to issue its decision on Document Authenticity during the course of September 2016.
The Directors advise that on 10 September 2016 the Company received a letter from the Tribunal inviting Churchill and Indonesia to provide their views on three points of international law arising out of a particular legal authority.
Whilst the Tribunal advised that it regretted the delay that these additional submissions will cause to the planned issuance of its decision, the Tribunal deemed it appropriate to give the Parties an opportunity to comment on these specific points of law.
The Tribunal has further advised that once it has deliberated on the Parties' additional submissions it expects to be in a position to issue its decision.
The Tribunal has set the deadline for lodgement of the Parties' additional submission as Friday 23 September 2016, with any submissions in reply to be filed by Friday 7 October 2016.
Churchill Chairman David Quinlivan said "the Company will file the requested submission and reply in accordance with the advised timetable and we look forward to the Tribunal handing down its decision."
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
Churchill Mining plc Northland Capital Partners Limited
David Quinlivan Nominated adviser
Nicholas Smith Edward Hutton/William Vandyk
Russell Hardwick Gerry Beaney
+ 61 8 6380 9670 Broking
John Howes / Abigail Wayne
+44 (0)20 3861 6625
This information is provided by RNS