he Republic of Indonesia is pleased to announce that the Arbitral Tribunal of the International Centre for Settlement of Investment Disputes has issued an award in Washington, D.C. unanimously dismissing the claims alleged by Churchill Mining PLC and its subsidiary Planet Mining Pty Ltd.

The Tribunal rejected all of the claims of Churchill and Planet on the grounds that their mining undertaking licenses and other permits were not authentic and had not been authorized by the officials in the Regency of East Kutai and the Province of Kalimantan.   The Tribunal ordered the Claimants to pay the Republic US$8,646,528 of its fees and expenses and up to an additional US$800,000 in funds advanced to ICSID for the costs of the arbitration.

Churchill had sought damages of US$1.31 billion.

Churchill and Planet filed their Requests for Arbitration in 2012.  The Tribunal’s decision came after a seven-day hearing conducted in Singapore in August 2015 during which the Republic submitted evidence of forgery of the mining permits on which Churchill and Plant based their claims.

The Republic was represented in the Arbitration by the Minister of Law and Human Rights as coordinator of Indonesian Team that consist relevant ministries and agencies.

Add quote: “This decision reflects a complete vindication of the Republic’s long-standing position that Churchill’s mining permits were forged and that the Regency of East Kutai acted properly in terminating those permits in 2010, as was decided by the Courts of Indonesia.”