Nat Rothschild has abruptly quit the board of a mining company he created, accusing his chairman of being “complicit” in the “oppression” of some shareholders.
See http://www.independent.co.uk/news/business/news/rothschild-quits-bumi-as-he-loses-confidence-in-board-8212664.html.
Samin to Stay With Bumi Plc Despite Bakrie Exit
Samin Tan, chairman of London-listed joint venture Bumi Plc, has decided to keep his ownership in the company despite a Bakrie Group proposal to pull out of the venture last week.
See http://www.thejakartaglobe.com/business/samin-to-stay-despite-bakrie-exit/550201
Bumi deal may be shareholders’ best option
The partnership has been a disaster and most investors would be happy if there is a realistic prospect of getting 483p a share.
See http://www.guardian.co.uk/business/nils-pratley-on-finance.
Bakries file for divorce from Nat Rothschild over Bumi
Indonesian family seeks to buy back coal mining assets from London-listed giant.
See http://www.independent.co.uk/news/business/news/bakries-file-for-divorce-from-nat-rothschild-over-bumi-8207938.html.
For London Mining Network’s recent comments on Bumi, see https://londonminingnetwork.org/2012/10/in-the-shadow-of-the-scandals-surrounding-bumi-plc-proposed-ethics-and-human-rights-amendment-to-financial-services-bill-blocked/ and https://londonminingnetwork.org/2012/10/bumis-lesson-fsa-light-touch-approach-does-not-work/.