After a very public and bitter 18-month boardroom feud between company founders, coal miner Asia Resource Minerals Plc, formerly London-listed Bumi Plc, has named businessman Chris Walton as chair after splitting from its Indonesian partner at Q1 2013. Shareholders approved a $501 million deal to separate from Indonesia’s Bakrie family and change its name. Both sides had sought a split since 2012 after relations between co-founder Nathaniel Rothschild and the Bakrie clan soured amid financial probes in Asia and the U.K.; the company plans to return more than $400 million in proceeds to shareholders.
CA Sidebar 02 (aka BoomBox_02)
Top 10 Coal Producing States & Regions
Week Ending (6/1/19)
(in Thousand Short Tons)
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