Paper Edition | Page: 13 Troubled coal mining company PT Berau Coal Energy is planning to improve its finances, following a dire situation involving a dispute with its shareholders. “We have seen the worst episode in terms of financial affairs,” president director Eko Santoso Budianto said after the company’s meeting of shareholders on the weekend. “Our efforts to improve the situation include changes and more roles for commissioners so that we won’t see a repeat of what happened.” Berau is 84.7 percent owned by London-listed Bumi plc, which is currently 23.8 percent indirectly owned by Bakrie Group. The politically...
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