Asia Resource Minerals shows CEO von Schirnding the door
The Board of Indonesia-focus coal miner Asia Minerals Resources, until recently known as Bumi, has decided to replace its chief executive, Nick von Schirnding, as the firm abandons its growth…
Mining receives unusual attention in Indonesia
The dispute between the government and London-listed Churchill Mining provides a short-term impetus for the end of investment treaties. Rio Tinto, BHP Billiton and Asia Resource Minerals (formerly Bumi) are…
A Call to ARMS: the dumb and the dumber at Bumi
…Bumi Resources as a “worthless pile of turd”. The sorry story is that now we are left with Bumi Resources moving ahead with a US$1.3 billion ‘debt swop’, where the…
The Tragic Roundabout
…(like when Bumi’s financial misdeeds became so blindingly obvious that the FCA could not avoid an investigation) and saying “Crazy, man!” before falling asleep again. So let’s hope the MPs…
LMN tells Parliamentary Committee to tighten regulation on mining companies
…can be associated with UK-based extractive companies. Recent scandals at companies such as Bumi Resources and ENRC should be enough to prove that light-touch regulation isn’t working in the City…