Bumi CEO Nick von Schirnding

Bumi CEO Nick von Schirnding

Simon Dawson/Bloomberg

“While coal prices have moved off their lows, the near-term outlook remains challenging,” Nick von Schirnding, chief executive officer of Bumi Plc, said in the statement. “We remain very focused on operational improvements and efficiencies, which is our priority in the current weak coal-price environment.”