The most explosive boardroom battle of recent times has resulted in defeat for Nat Rothschild as shareholders voted against 19 of his 22 resolutions, leading the way for the Bakrie family to buy back Bumi’s 29 per cent stake in Bumi Resources and cancel their 23.8 per cent Bumi shareholding

A Bumi coal mine

UK’s Takeover Panel needs some bite

Public censure is no punishment for violating takeover rules

A Bumi coal mine

Panel would test an elephant’s memory

Sting from M&A’s rebuke over Bumi deals is drawn by the time taken to thrash out a ruling


The Bumi affair will continue to be a blight on the City
Stake sale by the Bakries camp reduces Rothschild’s chances of ousting the board
Bumi makes London look like the kind of second-rate bourse that specialises in speculative mining plays

Credit Suisse and Freshfields censured

Bank and two law firms criticised over Bumi deal

Asia Resources Minerals

Asia Resource Minerals sale progresses

Coal miner approves condition of £135m offer

Watchdog shares blame for Bumi’s saga

Listing breaches occurred between summer 2011 and 2013

WPP needs to line up an heir and a spare

Pay issue suggests a board in thrall to its chief executive

©Charlie Bibby

Nat Rothschild gives up battle for Asia Resource

Financier to sell out of mining company after torrid five years

Asia Resource edges toward Indonesia deal

Coal miner slides away from Nat Rothschild’s proposal

Ousted CEO digs in in lockout at Asia Resource Minerals

Miner’s shares suspended after failure to regain control

£99m bid made for Asia Resource Minerals

Consortium behind move includes Indonesia’s wealthy Widjaja family

Asia Resource Minerals

Asia Resource stock rises on possible bid

Miner’s investors to first vote on Rothschild-backed refinancing

Rival bid to Rothschild emerges for Arms

Sinarmas group linked to refinancing offer for former Bumi plc

Asia Resource Minerals chair steps down

Kamandanu resignation comes as shareholder seeks control of miner

Asia Resource Minerals

Tan in move to control Asia Resource

Former chairman tries to appoint new directors

Asia Resource’s Tan suffers stake cut

Samin Tan loses control over half of his holding

Nat Rothschild, the financier who created Asia Mineral Resources predecessor Bumi

Asia Resource Minerals drops directors

Walton and Salmon jettisoned

Asia Resource Minerals chief executive quits

Von Schirnding leaves miner after completing Bakrie separation

Asia Resource ditches UK delisting plan

Lack of consensus among investors prompts miner to shelve idea

Tan seeks Asia Resource delisting

Prospect of another retreat by an EM resources group

Rothschild’s lesson in how not to tweet

The stakes are usually too high to make it worth indulging in rancour, writes Jonathan Ford

Nat Rothschild
©Charlie Bibby

Bumi divorce sealed in Twitter acrimony

Nat Rothschild and Bakrie family member feud in public

Lombard: Twitter slapfest over Bumi

When it all goes wrong, you can retreat with minimal comeback

Nat Rothschild
©Charlie Bibby

ARMS to unwind Bakrie venture

End to months of efforts towards split

Deal to separate Bumi unit faces failure

Proposed separation will be dropped if funds are not forthcoming

Rebranded Bumi appoints chairman

Walton’s appointment follows approval of restructuring deal

Bumi to be erased from LSE

Shareholders approve split with Indonesia’s Bakrie family

Rothschild to back Bumi separation plan

Founder’s support could help end strife at miner with the Bakries

Bumi closer to cutting ties with Bakries

London-listed coal miner confirms funding for split

Bumi coal stock pile PICN

Bumi dealings probed by UK watchdog

London-listed miner to seek approval for name change

Judgment matters more than reform

FCA publishes proposals to tighten UK listing rules

Bumi coal production rises

Mining group brings forward figures to include them in circular

Indonesia tycoons buy Inter Milan stake

Trio led by Thohir take 70% stake through capital increase

Bumi Resources agrees $1.3bn loan revamp

Jakarta-listed coal miner to swap portion of debt into equity

FCA suspected Hannam of criminal offence

Dealmaker was interviewed under caution, tribunal told

Hard stop would limit costs of bank rules

2018 a suitable deadline to stop regulatory merry-go-round

Soft demand puts thermal coal at 2009 low

Price has fallen 17% since January

Bumi steps up oversight at Indonesia arm

London-listed miner’s earnings fall despite rise in output

Ferrexpo holds off Brazilian rivals

Falling transport costs help iron ore producer boost sales

Esure hit after dividend disappoints

Maiden interim dividend disappoints investors

Randgold rises as investors seek bargains

Gold miners still vulnerable but sector gloom overdone