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<title>Battle for Bumi: In depth news, commentary and analysis from the Financial Times</title>
<link>http://www.ft.com/topics/organisations/Bumi_PLC</link>
<description>Battle for Bumi: Get in depth coverage of the boardroom strife between Nat Rothschild and the Bakrie family over the Indonesia-focused coal miner</description>
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<pubDate>Fri, 17 May 2013 23:00:37 GMT</pubDate>
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<title>Backlash to hit scandal-tainted City</title>
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<description>The listings gatekeeper will tighten entry rules as executives of two scandal-tainted emerging market mining companies are set to face grilling</description>
<pubDate>Fri, 17 May 2013 23:00:37 GMT</pubDate>
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<title>Nearly half of directors aware of irregularities</title>
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<description>Some 42% of directors and senior management have seen irregular financial reporting, while one in five employees has witnessed financial manipulation</description>
<pubDate>Mon, 06 May 2013 23:12:46 GMT</pubDate>
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<title>ENRC chairman quits besmirched miner</title>
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<description>Mehmet Dalman’s resignation follows a series of employee departures and investor worries over corporate governance at FTSE 100 miner</description>
<pubDate>Wed, 24 Apr 2013 08:14:30 GMT</pubDate>
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<title>Mining accidents</title>
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<description>Scandals at ENRC and Bumi offer lessons for London. The attempt to graft UK governance standards on to businesses has been a failure</description>
<pubDate>Tue, 23 Apr 2013 17:34:42 GMT</pubDate>
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<title>Travails of miners give PwC grounds to feel anxious</title>
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<description>Accountant signed off Bumi’s June 2011 prospectus for the creation of a business subsequently blighted by investor infighting and allegations of fraud</description>
<pubDate>Mon, 22 Apr 2013 19:51:36 GMT</pubDate>
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<title>Bumi shares halted amid payments concern</title>
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<description>The Indonesian coal miner expects to lift share suspension when it releases its delayed annual results, which are now expected in May</description>
<pubDate>Mon, 22 Apr 2013 18:39:51 GMT</pubDate>
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<title>Bumi finance director to step down</title>
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<description>Indonesia-focused coal miner said it would delay the publication of annual results because it was reviewing $38m unaccounted payments made at Berau</description>
<pubDate>Wed, 17 Apr 2013 00:49:31 GMT</pubDate>
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<title>Bumi delays annual results</title>
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<description>FTSE 250 miner reviews $38m in land compensation payments made at its Berau thermal coal unit, which owns three thermal coal mines in Indonesia</description>
<pubDate>Fri, 12 Apr 2013 22:32:19 GMT</pubDate>
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<title>Dalman resignation would derail ENRC cleanup</title>
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<description>If Dalman steps down as chairman it would mean his attempt to instil western corporate governance standards at the miner would have ended in failure</description>
<pubDate>Wed, 10 Apr 2013 22:43:31 GMT</pubDate>
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<title>Ten executives leave Bumi Resources</title>
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<description>Resignation of Samin Tan and nine others from the Indonesian coal miner improves chances of a Bakrie-family exit from the London-listed parent Bumi</description>
<pubDate>Thu, 07 Mar 2013 17:18:08 GMT</pubDate>
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<title>Public interest merits inquiry into Bumi</title>
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<description>The credibility of the authorities in enforcing relationship agreements, not to mention UK market rules, is now at stake, says Jonathan Ford</description>
<pubDate>Sun, 24 Feb 2013 19:03:22 GMT</pubDate>
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<title>Bumi director survives showdown</title>
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<description>Sir Julian Horn-Smith, senior independent director, emerges from the denouement of the miner’s power struggle with a firm belief that ‘London works’</description>
<pubDate>Fri, 22 Feb 2013 23:11:16 GMT</pubDate>
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<title>G4S hit by security arm concerns</title>
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<description>Company misses out on London rally as HSBC turns focus away from Olympics contract to pressure on profit margins in developed markets</description>
<pubDate>Fri, 22 Feb 2013 20:31:16 GMT</pubDate>
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<title>A plague on the houses of Nat and Bakrie</title>
<link>http://www.ft.com/cms/s/0/750380d4-7c3b-11e2-99f0-00144feabdc0.html?ftcamp=published_links%2Frss%2Findepth_bumi%2Ffeed%2F%2Fproduct</link>
<description>The Bumi affair will continue blotting the escutcheon of the City long after Rothschild’s failed attempt to replace the board is forgotten</description>
<pubDate>Thu, 21 Feb 2013 20:56:23 GMT</pubDate>
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<title>Rothschild defiant and investors divided</title>
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<description>Corporate battle amid muskets and armoured breastplates at the headquarters of London’s Honourable Artillery Company</description>
<pubDate>Thu, 21 Feb 2013 19:57:46 GMT</pubDate>
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<title>Vote leaves Bumi dragons still at large</title>
<link>http://www.ft.com/cms/s/0/efcb7dec-7c38-11e2-bf52-00144feabdc0.html?ftcamp=published_links%2Frss%2Findepth_bumi%2Ffeed%2F%2Fproduct</link>
<description>Nineteen of Rothschild’s 22 resolutions were rejected, leading the London market to consider what it can do to prevent such an incident happening again</description>
<pubDate>Thu, 21 Feb 2013 19:44:12 GMT</pubDate>
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<title>Bumi’s list of lessons</title>
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<description>The mining group controversy illustrates that plans to impose corporate governance conditions on companies seeking a London quote are essential</description>
<pubDate>Thu, 21 Feb 2013 18:36:24 GMT</pubDate>
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<title>Rothschild loses Bumi power struggle</title>
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<description>Some 61 per cent of shareholders’ votes were cast against proposal to remove Nick von Schirnding, chief executive, and Julian Horne-Smith, deputy chairman</description>
<pubDate>Thu, 21 Feb 2013 17:44:44 GMT</pubDate>
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<title>Bumi rivals prepare for presidential battle</title>
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<description>Behind the corporate tussle for control of troubled coal miner Bumi plc lies an even more keenly watched fight – for the presidency of Indonesia itself</description>
<pubDate>Wed, 20 Feb 2013 15:26:19 GMT</pubDate>
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<title>The Bumi controversy</title>
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<description>Jonathan Guthrie sets the scene on a fiendishly complex boardroom battle that has damaged the reputation of the UK market</description>
<pubDate>Tue, 19 Feb 2013 20:06:12 GMT</pubDate>
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<title>Standard Life to support Bumi board</title>
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<description>Shareholder plans to vote against Nat Rothschild’s plan to oust 12 of the company’s 14 directors at an extraordinary general meeting on Thursday</description>
<pubDate>Tue, 19 Feb 2013 15:13:57 GMT</pubDate>
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<title>Rothschild ally relishes Bumi spat</title>
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<description>Indonesian tycoon Hashim Djojohadikusumo will become a non-executive director of Bumi and Berau Coal chairman if Nat Rothschild succeeds at EGM</description>
<pubDate>Tue, 19 Feb 2013 04:07:46 GMT</pubDate>
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<title>An RBS divi is best delivered in votes</title>
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<description>For David Cameron, the biggest dividend would be political rather than financial, delivered through a populist share offering before the 2015 election</description>
<pubDate>Tue, 19 Feb 2013 02:59:35 GMT</pubDate>
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<title>Stake sale marks latest twist in Bumi saga</title>
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<description>Nat Rothschild thought he had the London-listed miner in the bag until the announcement that Rosan Roeslani had sold his 10% shares in the group</description>
<pubDate>Mon, 18 Feb 2013 21:40:02 GMT</pubDate>
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<title>Bumi stake sale adds to vote drama</title>
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<description>Roeslani 10% stake sale to three new investors potentially raises board’s likely support from 30% to 40% in key decision</description>
<pubDate>Mon, 18 Feb 2013 19:21:48 GMT</pubDate>
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<title>Bumi – an activist pre-empted</title>
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<description>Stake sale by the Bakries camp empowers the Indonesians’ votes and reduces Nat Rothschild’s chances of ousting the coal miner’s board</description>
<pubDate>Mon, 18 Feb 2013 11:55:06 GMT</pubDate>
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<title>Gold miners lose shine on FTSE 100</title>
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<description>Fresnillo, Randgold Resources and Polymetal lead fallers as metal hits lowest since August while the London index finishes the week up 1%</description>
<pubDate>Fri, 15 Feb 2013 21:11:03 GMT</pubDate>
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<title>Falling coal price bears on Bumi subsidiary</title>
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<description>Average price per tonne of coal sold at Berau, which is majority owned by Bumi, has fallen 31% year on year, as production increased 15%</description>
<pubDate>Tue, 12 Feb 2013 11:48:54 GMT</pubDate>
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<title>Bumi co-founder admits float is ‘failure’</title>
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<description>Sir Julian Horn-Smith says that miner’s fiasco has ‘not done any good’ to London’s reputation and financier Rothschild is contrite about ‘the mess’</description>
<pubDate>Fri, 08 Feb 2013 21:02:55 GMT</pubDate>
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<title>Personal standings at stake in Bumi fight</title>
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<description>Financier Nat Rothschild’s campaign to shake up the board of the London-listed coal miner and eventually oust the Bakries is coming to a head</description>
<pubDate>Fri, 08 Feb 2013 16:48:53 GMT</pubDate>
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<title>ISS deals blow to Rothschild over Bumi</title>
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<description>Adviser on corporate governance matters recommends investors vote against financier’s proposals to replace the miner’s independent directors</description>
<pubDate>Thu, 07 Feb 2013 00:23:46 GMT</pubDate>
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<title>City caretakers must make amends for Bumi</title>
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<description>February 21 should represent a hard stop. Investors will vote then on whether to replace the board with Mr Rothschild and his associates</description>
<pubDate>Tue, 29 Jan 2013 11:40:09 GMT</pubDate>
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<title>Bumi heads for boardroom showdown</title>
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<description>Indonesia-focused miner’s board urges shareholders to vote down a proposal from financier Nat Rothschild seeking to replace almost all of the group’s directors</description>
<pubDate>Tue, 29 Jan 2013 10:58:39 GMT</pubDate>
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<title>Bumi directors reject Rothschild plan</title>
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<description>Board members Shapiro and Hearne said they will resign should the financier secure enough support to oust the other directors</description>
<pubDate>Sun, 27 Jan 2013 19:25:24 GMT</pubDate>
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<title>UK investors back call for IPO reforms</title>
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<description>Legal &amp; General Investment Management, which owns about 4 per cent of UK stock market, seeking to improve ailing investor confidence</description>
<pubDate>Thu, 24 Jan 2013 21:40:58 GMT</pubDate>
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<title>No safety in numbers for IPO specialists</title>
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<description>When it comes to flotations it is never long before a whole lot bankers turn up, brandishing ring binders and wanting to know where the party is</description>
<pubDate>Thu, 24 Jan 2013 21:20:02 GMT</pubDate>
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<title>Bumi moves closer to taking legal action</title>
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<description>Mining group says investigation by law firm Macfarlanes has found ‘circumstantial evidence’ to support a number of allegations of wrongdoing</description>
<pubDate>Tue, 22 Jan 2013 11:39:00 GMT</pubDate>
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<title>Ocado makes for a tough Rose comeback</title>
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<description>Former M&amp;S boss makes a return to high-visibility retailing, as online grocer faces capacity constraints, a hostile press and weak consumer demand</description>
<pubDate>Tue, 22 Jan 2013 10:58:15 GMT</pubDate>
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<title>Tan highlights consequences of Bumi affair</title>
<link>http://www.ft.com/cms/s/0/766416ee-62e3-11e2-8497-00144feab49a.html?ftcamp=published_links%2Frss%2Findepth_bumi%2Ffeed%2F%2Fproduct</link>
<description>The ongoing saga of the coal miner has damaged reputations and heightened investors’ unease about emerging market resource companies seeking London listings</description>
<pubDate>Sun, 20 Jan 2013 15:46:59 GMT</pubDate>
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