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Indonesia

Indonesia has great natural wealth but many of its citizens live in extreme poverty. Democratic progress has been made since the resigation of former president Suharto in 1998, but many civil society organisations feel that far too little progress has been made towards sustainable management of the country's resources, and ensuring that Indonesia's diverse communities have a real say in decisions which affect their future.

LMN reaction to announcement of new FCA measures on London listed companies

Wednesday 6th November – For Immediate Release

On Tuesday the FCA announced new measures to better protect minority shareholders, of London-listed companies after high-profile scandals at mining companies ENRC and Bumi.

Richard Solly from the London Mining Network said: 

Questions and answers about Central Kalimantan at BHP Billiton AGM

October 24th, 2013

Extract from 'Initial reflections on the 2013 BHP Billiton AGM', by Andy Whitmore, on behalf of the London Mining Network

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BHP Billiton to be slammed for Borneo coal mining at AGM

Press Release by Down to Earth and London Mining Network

London, Tuesday 22nd October 2013

The board of controversial mining giant BHP Billiton is set to be slammed at its AGM by an Indonesian activist over seven coal concessions collectively covering an area of more than 350,000 hectares in the relatively unspoilt rainforest centre of the island of Borneo. Part of this project overlaps the transnational Heart of Borneo conservation area, described by the Asian Development Bank as “the lungs of Southeast Asia".

Bumi plc meets today in London to sort out ownership feud
 
DTE Press Release
London, February 21, 2013

Whoever is in charge needs to be accountable for impacts on communities in Kalimantan, say CSOs.

World’s biggest mining company, BHP Billiton, holds its annual meeting

Press Release by London Mining Network and War on Want, 25th October 2012

Poor ‘hit by mines giant’ press £2,000-a-day peer

Plea to former UK international development minister

In the shadow of the scandals surrounding Bumi plc, proposed ethics and human rights amendment to Financial Services Bill ‘blocked’

Press release by War on Want, London Mining Network and Down to Earth, October 16, 2012

Bumi’s lesson: FSA light-touch approach does not work

Press release:  Down to Earth, London Mining Network and War on Want
2 October 2012.

The announcement[1] of new Financial Services Authority (FSA) rules on reverse takeovers[2] and other regulatory 'blind spots' is yet another case of too little too late.