London Calling asks why early warnings weren’t heeded
It’s too soon to claim that Bumi – the world’s largest single miner of dirty coal – is about to go bust.
However, recent revelations of a huge accounting scandal at the heart of the UK-Indonesian company, serve to underscore an important reality.
A relatively sparse number of individuals and groups – mostly untutored in financial matters – had struggled to expose the rot at the heart of this enterprise, long before it was listed on the London Stock Exchange last year. Their warnings were almost totally disregarded.
See http://www.minesandcommunities.org/article.php?a=11939.