Churchill Makes Plea To Indonesian Prez In $2B Coal Row

Law360, New York (May 4, 2012, 6:03 PM EDT) -- U.K.-based energy firm Churchill Mining PLC made a last-ditch appeal on Friday to Indonesian president Susilo Bambang Yudhoyono to avoid going to international arbitration over the country's revocation of its licenses in a $2 billion coal mining joint venture, asking Yudhoyono for support and legal protection.

Churchill Mining said in a second letter to the Indonesian president that the government's cancelation of four licenses held by the East Kutai Coal Project in 2010 illegally expropriated the company's legitimate rights to develop the project.

The letter comes barely...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.