Coal shares tumble as investors see no sign of turnaround
June 28 (Reuters) - Dave Steinberg often feels like one of the last remaining bulls in the tumbling U.S. coal market, and even he struggles to put a happy face on the industry. Coal stocks "have been...
View ArticleFrom the sweet life to a squalid jail cell
In transit: Patrick Alexander with his wife Ara. Like many wealthy expats, Australian diplomat turned businessman Patrick Alexander enjoyed a privileged lifestyle in Indonesia. A regular on the...
View ArticleSir Mervyn King's great Bank of England myth
•Outgoing governor still insists Bank was a lone voice of sanity before the crash •City authorities' naivety over the Eurasian Natural Resources Corporation Sir Mervyn King: showed admirable contempt...
View ArticleExpat's glam life crashes down
Patrick Alexander in hospital in Jakarta. Like many wealthy expats, Australian diplomat turned businessman Patrick Alexander enjoyed a privileged lifestyle in Indonesia. He was a regular on the...
View ArticleEnd in sight for Borneo, Bakrie partnership
Paper Edition | Page: 13 Hard coking coal miner PT Borneo Lumbung Energi & Metal is clinging to the hope that it could recover its investment in London-listed Bumi plc from its partner Bakrie...
View ArticleBumi in £113m deal with the former boss of its 'black hole' subsidiary
Bumi, the scandal-scarred coal miner, has struck an agreement to restore its reputation and ultimately lift the suspension in trading of its shares. Its chief executive, Nicholas von Schirnding, has...
View ArticleRothschild asks watchdog to look into Bumi: source
LONDON (Reuters) - Financier Nat Rothschild has asked Britain's financial market watchdog to look into whether Indonesia-focused coal miner Bumi made misleading statements to the market, a source...
View ArticleSeparation Transaction Update (Bumi plc)
(Source: Bumi plc) 10 July 2013 For Immediate Release Bumi plc ("Bumi" or the "Company") Separation Transaction Update Bumi notes recent press speculation regarding the separation of the Company...
View ArticleBumi chairman Samin Tan agrees to buy Bakries’ stake
The news comes just 24 hours after it was confirmed that Samin Tan, who will soon step down as chairman, was looking to buy the...
View ArticleEx-Thai PM in talks to buy Bakrie's stake in Bumi Plc: report
LONDON (Reuters) - Former Thai prime minister Thaksin Shinawatra is in talks to buy the Bakrie family's 23.8 percent stake in Indonesia-focused coal miner Bumi Plc , a report on Sunday said. The price...
View ArticleSorry about the mess, boss of Bumi tells shareholders
Nick von Schirnding faced shareholders angered that the Indonesia-focused group, which was co-founded by billionaire financier Nat Rothschild in 2010, has been badly tainted by scandal and boardroom...
View ArticleThai PM in talks to buy Bakrie's stake in Bumi Plc -report
LONDON (Reuters) - Former Thai prime minister Thaksin Shinawatra is in talks to buy the Bakrie family's 23.8 percent stake in Indonesia-focused coal miner Bumi Plc , a report on Sunday said. The price...
View ArticleBERAU SEES ‘END’ OF STORM, MAY REFINANCE BONDS AT CHEAPER PRICE
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...
View ArticleBumi chairman Samin Tan nears deal to take 50% stake
Bumi announced today that Samin Tan is in talks with Indonesia’s Bakrie family to buy out their 23.8% stake in the coal-focused group, taking his own holding to 47%. The deal would require a waiver...
View ArticleNat Rothschild set for showdown with Samin Tan as Bumi chairman raises stake...
A "furious" Nat Rothschild is set for a showdown with Samin Tan after the chairman of miner Bumi agreed to raise his stake in the beleaguered business to nearly 50 per cent. Just 24 hours after it was...
View ArticleBERAU’S FORMER CHIEF DEFENDS SETTLEMENT DEAL
Paper Edition | Page: 13 Former president director of coal miner PT Berau Coal Energy, Rosan Roeslani, has defended his decision over a deal with Bumi plc, in order to extricate himself from the...
View ArticleBumi considers selling Bakries' stake in market for cash -report
LONDON (Reuters) - Indonesia-focused coal miner Bumi Plc is considering selling the 23.8 percent stake held by Indonesia's Bakrie family in the market for cash, instead of a previous plan to cancel...
View ArticleBumi Chairman Agrees to Buy Out Bakrie Family
> LONDON – In the latest twist in a long-running dispute about control of the coal producer Bumi, its chairman, Samin Tan, agreed on Thursday to buy the stake owned by the Bakrie family of...
View ArticleNat Rothschild attacks 'inferior' Bumi deal
The billionaire financier Nat Rothschild has accused the board of the miner Bumi of subjecting long-suffering shareholders to an "inferior" deal, as the scandal-scarred group desperately tries to...
View ArticleBumi says Bakries offer stake to major shareholder Samin Tan
LONDON (Reuters) - The Indonesian Bakrie family, the major shareholder in Bumi Plc , is in talks to sell its stake in the coal mining group to its chairman Samin Tan, Bumi Plc said on Wednesday. The...
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