Nat Rothschild, scion of the famous banking family, could scarcely have been more bullish when he invested in the Indonesian coal sector in 2010.
“You have to make hay whilst the sun shines,” the British financier breezily declared of a $3bn deal with Indonesia’s Bakrie family to create a miner called Bumi. He believed it would become a world-leading listed coal producer.
But now the sun has set on Mr Rothschild’s five-year Indonesian foray, eclipsed by wrangles with some of the country’s most powerful business interests and furious boardroom infighting.
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