Bumi Plc

Bumi plc is a London-listed natural resources group owned by the widely diversified business group PT Bakrie and Brothers (BNBR). Its main activity includes exploring, mining, processing coal and other minerals. The company holds 85% stake in Berau Coal and 29.2% in Bumi Resources.

Bumi plc (“Bumi” or the “Company”) "was formed on June 28 2011. Prior to this Vallar plc was formed in March 2010 to acquire a single major company, business or asset with significant operations in the global metals, mining and resources sector.

"Vallar raised gross proceeds of £707 million through an initial public offering and listed on the standard listing segment of the Official List and admitted to trading on the London Stock Exchange in July 2010.

"Vallar announced its intention to acquire 75% of the share capital of Berau Coal and 25% of the share capital of Bumi Resources Group for an aggregate consideration of c.$3.0 billion (made up of a combination of cash and new Bumi shares) on 16 November 2010. These acquisitions were completed on 8 April 2011 and 4 March 2011 respectively.

"On 7 April 2011 Vallar’s shareholders approved a scheme of arrangement to put in place a new parent company for the Bumi group, Bumi plc."

Debt issues
Nathaniel Rothschild has criticized Bumi Resources's debt management in the past, but it has been reported that his partnership with Indra Bakrie back on track. The dispute started when Bumi Resources, managed by Indra Bakrie had a loan with entities related to Rosan Roeslani, a non-executive director of Bumi Plc and president of Berau Coal Energy. This resulted in the Bakrie & Brothers selling half its stake in Bumi Plc for $1 billion in cash to help pay back a loan to Credit Suisse Group.

The Board
Accessed April 2012:


 * Indra Bakrie, Chairman
 * Nathaniel Rothschild, Co-Chairman
 * Ari Hudaya, Chief Executive Officer & Executive Director
 * Andrew Beckham, Chief Financial Officer & Executive Director
 * Sir Julian Horn-Smith, Deputy Chairman & Senior Independent Director
 * Badung Tariono, Non-Executive Director
 * James Andrew Hartley Campbell, Non-Executive Director
 * Rosan Roeslani, Non-Executive Director
 * Lord Renwick, Independent Non-Executive Director
 * Steven J. Shapiro, Independent Non-Executive Director
 * Sir Graham Hearne, CBE, Independent Non-Executive Director
 * Amir Sambodo, Independent Non-Executive Director
 * Philip Yeo, Independent Non-Executive Director
 * Sony B. Harsono, Independent Non-Executive Director
 * Paul Vickers, Group General Counsel and Company Secretary

Contact details
Bumi plc 4 Grosvenor Place London, SW1X 7HJ Tel: +44 207 201 7500 Fax: +44 207 201 7501 Email: info@bumi-plc.com enquiries@bumi-plc.com Website: http://www.bumi-plc.com

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