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Last 36.75 GBp
Change Today 0.00 / 0.00%
Volume 0.0
As of 12:00 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

asia resource minerals plc (ARMS) Snapshot

Previous Close
36.75 GBp
Day High
Day Low
52 Week High
08/18/14 - 72.00 GBp
52 Week Low
12/19/14 - 3.61 GBp
Market Cap
Average Volume 10 Days
-0.37 GBp
Shares Outstanding
Dividend Yield

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asia resource minerals plc (ARMS) Details

Asia Resource Minerals plc, through its subsidiaries, engages in the exploration, mining, and production of thermal coal. It has three principal open cut coal mining operations, including Lati, Binungan, and Sambarata that are located in an 118,400 hectare concession area in East Kalimantan. The company supplies coal to utility companies, coal trading companies, and coal fired power plants in Indonesia, China, Hong Kong, India, Japan, South Korea, Taiwan, the Philippines, and Thailand. The company was formerly known as Bumi plc and changed its name to Asia Resource Minerals plc in December 2013. Asia Resource Minerals plc was incorporated in 2010 and is based in London, the United Kingdom.

1,315 Employees
Last Reported Date: 04/29/15
Founded in 2010

asia resource minerals plc (ARMS) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

asia resource minerals plc (ARMS) Key Developments

Asia Resource Minerals plc(LSE:ARMS) dropped from FTSE All-Small Index (GBP)

Asia Resource Minerals plc(LSE:ARMS) dropped from FTSE All-Small Index (GBP)

Asia Resource Minerals plc Announces Management Changes

Asia Coal Energy Ventures Limited announced all of the conditions to the cash offer to acquire the entire issued and to be issued ordinary share capital of Asia Resource Minerals plc not already owned by ACE and funds managed by Argyle Street Management Limited have been satisfied and the Offer has been declared wholly unconditional. Upon settlement, ACE will control over 50% of the outstanding ordinary shares of Asia Resource Minerals plc and accordingly, each of the ARMS Directors, Wal King (Chairman), Sir Richard Gozney (Senior Independent Director) and Hamish Tyrwhitt (Executive Director and Chief Executive Officer), have tendered their resignations with immediate effect and the ACE nominees Kin Chan, Dwi Suseno and Fuganto Widjaja have been appointed as directors of the Company. Mr. Chan is the founding shareholder of Argyle Street Management Limited, and has been the Chief Investment Officer since 2002. He serves on the management boards of other ASM funds. He is also the Chairman of TIH Limited and a Director of OUE Limited, both listed on the Singapore Exchange Mr. Fuganto Widjaja is currently the President Director of PT Golden Energy Mines Tbk and Director of PT Sinar Mas Multiartha Tbk. He was previously an investment analyst at UBS Bank Singapore. Dwi is currently the Managing Director of Sinarmas Mining and Energy, and has over 19 years international experience in Mining, Commodities and Oil & Gas related industries with exposure spanning different countries within Asia and Australasia, primarily Indonesia, Australia and Singapore, as well as some exposure to New Zealand, Timor Leste and PNG business operations.

Sinar Mas and Nathaniel Rothschild Seeking To Acquire Asia Resource Minerals

PT Sinar Mas Group and Nathaniel Rothschild, Founder of Asia Resource Minerals plc (LSE:ARMS) are seeking to acquire the company.


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