Bringing Bumi Plc to London will get the Indonesian miner the financing it needs to almost double output by 2013 and make it the world’s biggest exporter of power station coal, said Indra Bakrie , who will chair the company.
Occupy New Haven protesters fighting eviction from the town green next to Yale University are challenging a private, colonial-era group with ties to the Ivy League school that, with the city, controls the park.
When Ivan Glasenberg walked into a members-only club in London’s Mayfair district on Sept. 7 at about 2 a.m. to see a customer, he’d just played what’s seen as the winning hand in negotiations to seal a $30 billion takeover.
Vallar Plc, Nathaniel Rothschild’s investment vehicle, raised 707.2 million pounds ($1.07 billion) in an initial public offering in London to fund a mining acquisition, beating a target announced last month.
Bumi Plc, the coal producer listed in London by Nathaniel Rothschild, said shareholder Borneo Bumi Energi & Metal Ltd. called a meeting as it seeks to remove Rothschild and Chief Executive Officer Ari Hudaya.
Nathaniel Rothschild, the billionaire founder of Bumi Plc, may be deposed as co-chairman of the company while retaining a seat on the board, according to the joint largest shareholder of the Indonesian coal producer.