Things heat up as Bumi's 21 February EGM approaches

Troubled coal mining company Bumi plc is to hold an Extraordinary General Meeting this Thursday, 21 February, to decide on Nat Rothschild’s proposal to throw out nearly all of the company’s current directors and replace them with new ones. Investors have...

The Bumi scandal reaches break-up point

A year ago, London Mining Network identified Bumi plc as a glaring example of abject failure in corporate oversight by Britain’s Financial Services Authority (FSA). By that point, the FSA had failed to prevent some of the world’s most offensive mining...

More Bumi plc directors resign on shake up

London-listed Bumi plc said on Monday that directors Philip Yeo and Sony Harsono would resign in a likely effort to simplify its board after a recent showdown. The company said that the directors tendered their resignations, which take effect on March 15, due to...