Activists asked Bumi plc awkward questions at the company’s first London AGM yesterday. Bumi was listed on the London Stock Exchange earlier this year amid criticism over governance, environment, and human rights.
Mining firm Bumi accused of human rights abuses
Indonesian mining company Bumi, founded by financier Nat Rothschild, was on Thursday accused of human rights abuses at a heated annual general meeting. Campaigning shareholders raised concerns over the alleged dumping of coal and chemicals into coral reefs, the mistreatment of workers and the company’s lack of transparency.
Rothschild firm accused of rights abuse
Human rights and green campaigners took a mining firm Bumi plc to task at its London-AGM today over its alleged involvement in rights abuses, corruption and environmental destruction. The firm was challenged at its annual get-together by War on Want, London Mining Network and Down to Earth to take responsibility for “a legacy of abuse.”
Bumi bid to repair image undermined by key no-show at protest-hit AGM
Bumi, the Indonesian coal miner that has been at the centre of a storm over corporate governance, took a significant step towards improving its reputation yesterday when the chairman, Samin Tan, and co-chairman, Indra Bakrie, waived their joint 29.9 per cent voting block at the company’s annual general meeting. But the impact of the move – intended to sidestep criticism that the company’s top executives are wielding too much shareholder influence – was undermined immediately by the fact that the co-chairman did not turn up to the meeting.
Mining company Bumi under fire