Market rumours today "that it was found that the International Arbitration Panel does have jurisdiction to hear Churchill Mining's case.' Albeit the caveat is the same chap that told me this, said Rurelec "wouldn't be nationalised.' However, common-sense states if Churchill Mining's rights have not been protected in the Republic of Indonesia, then the only port of call is International Arbitration.
Time will tell, albeit if Indonesia do similar to Oxus Plc, then Churchill Employees will be wanting/needing to leave the Country. The Jakarta Tribune Jakarta Tribune is already quoting an Indonesian Minister for the 'criminal investigations against Churchill Mining Employees relating to forged documents.' So it's more than likely other tactics of intimidation are utilised of the court of proceedings.
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