Troubled coal miner Bumi holds crucial meeting

The directors of troubled Bumi, one of the world’s largest thermal coal exporters, gathered for a board meeting on Thursday amid an uncertain future for the company created by British-born financier Nat Rothschild and Indonesia’s Bakrie family.

Allegations of financial irregularities, against a background of weak coal prices and tumbling shares, have strained already frayed relations between major investors in the London venture and fuelled speculation of a potential split.

via Business feed http://www.scmp.com/business/companies/article/1058546/troubled-coal-miner-bumi-holds-crucial-meeting