furious with management, page-32

"Bumi Resources, the Indonesian coal miner part-owned by London-listed Bumi Plc, lost $632m in the nine months to September on the back of substantial derivatives losses, as the battle over the business’s future rages.

Bumi Resources reported $422m in losses on unspecified transactions, prompting the $632m loss that compared with a $176m profit for the same period in the previous year. Operating income fell 60 per cent to $312m."

From the London Financial Times today.

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