INDON: Hostile takeover to buy back the 'farm'

Updated December 12, 2007 21:16:02

In a reversal of fortunes, an Australian mining company finds itself the subject of a takeover bid by an Indonesian rival. Bumi Resources, Indonesia's largest coal producer has set its sights on Perth-based Herald Resources.

Presenter: Karon Snowdon
Speakers: Peter Arden, Commodities Analyst from Ord Minett; Michael Wright, Executive Director, Herald Resources