Indonesian coal miner Bumi Resources, part owned by London-listed Bumi Plc, swung into a $632 million loss for the first nine months of 2012 after taking a $422 million hit…
…miner Bumi has decided to toss its lot in with the Bakries following a protracted shareholder dispute between the prominent Sumatran business dynasty and European financier Nat Rothschild. See http://www.mining.com/bumi-spurns-rothschilds-for-barkies-64141/?utm_source=digest-en-mining-121213&utm_medium=email&utm_campaign=digest….
…the matter say mining entrepreneur Robert Friedland is lending his support to Nat Rothschild’s move to keep alive the Bumi Plc coal-mining venture. See http://www.mineweb.com/mineweb/content/en/mineweb-fast-news?oid=163403&sn=Detail. See also http://www.mining.com/nat-rothschild-ropes-in-robert-friedland-to-take-back-bumi-81744/?utm_source=digest-en-mining-121122&utm_medium=email&utm_campaign=digest. …
…from Survival, Tapol, Down to Earth, Amnesty International and Free West Papua. Among London-listed mining companies active in Indonesia and West Papua are BHP Billiton, Bumi, Churchill and Rio Tinto….
…tycoon Samin Tan for his soured $1 billion investment in their joint Bumi Plc stake, meaning the partnership was heading for “divorce”, executives at Tan’s firm said recently. See http://uk.reuters.com/article/2012/10/25/borneo-bumi-idUKL3E8LP1QT20121025….
