The meeting began at 11 am. Chairman Samin Tan said that it was the Board’s duty to set the strategy for the company. Its vision is to become the main UK-listed coal producer and exporter. It wants to reduce debt in the Bumi group and to simplify the group’s...
Conflict has erupted in Bolivia between miners who work for Glencore, and other workers who approve the government’s recently-announced intention to nationalise the London-listed company’s zinc and tin operations. See...
Let’s cut straight to the chase. Or – as the illustrious Sir Julian Horn-Smith would have it when rudely interrupting four protesting shareholders last week – avoid the “ranting” and get to the “substance” of the arguments. In...
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. See...
I have been to many mining company AGMs but never to one as ineptly run as Bumi’s first London AGM, held this morning at the Institute of Directors in Pall Mall. It even made Vedanta’s notorious AGMs look good. AGMs are supposed to be occasions where a company’s...
Angry residents of Indonesia’s resource-rich Papua island burned cars and shops on Thursday after an independence activist was shot and killed, police and human rights activists said. Among British-based companies taking advantage of Indonesia’s...
