Asia Resource Minerals gives Bakries one more week for split
Indonesia-focused Asia Resource Minerals – the scandal-ridden company formerly known as Bumi – has granted the Bakrie family an extra week to pave the way for their split from the…
Bumi 003 (2)
Asia Resource Minerals (the company formerly known as Bumi) gives Bakries more time for split
…step which could pave the way for the company’s turnaround. Indonesia-focused ARM, previously known as Bumi Plc, has been hit by shareholder battles, allegations of wrongdoing and falling coal prices….
Coal rush ravages Indonesian Borneo
…Samarinda, which risks being swallowed up by mining if the exploitation of its deposits expands any further. Among London-listed companies active in Borneo are BHP Billiton and Bumi. See http://www.google.com/hostednews/afp/article/ALeqM5jjRev_2vQ5U-b1UClHv2FLHVIL1Q….
Bumi still in big trouble as vote on split delayed and FCA investigation starts
…Bumi founders The Financial Conduct Authority has begun an investigation into more than $400m (£250m) of related-party transactions involving the founder shareholders of Bumi, the scandal-ridden coal miner. See http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10436976/Financial-Conduct-Authority-investigates-Bumi-founders.html….