Ten Bumi executives desert the ship

Ten executives have quit PT Bumi Resources, Indonesia’s top coal exporter, as the firm gets ready to disconnect itself from the Bakrie Group and London-listed parent Bumi Plc. In a statement the company said its chairman, Sami Tan, has left the board of commissioners...

Chaos, confusion and condemnation at Bumi

UK Takeover Panel censures Bumi In mid-December 2012, the UK Takeover Panel ruled that the notorious Bakrie Group, and an investor called Rusan Roeslani, must reduce their shareholder voting rights in London-listed Indonesian coal giant Bumi plc from 50.3% to less...

Drama at Bumi misses the point

The internecine warfare on the Bumi board makes for gripping entertainment. The articles below report on the ebb and flow of the struggle between ousted Nat Rothschild, whose financial machinations brought Bumi to the London Stock Exchange, and the Bakrie family with...