THOUGH no longer a Senior Country Officer of JP Morgan Chase Indonesia, Gita Wirjawan has never left the world of investment. He is now eyeing the coal industry. This business action started at the end of November, when Ancora Capital Management—the investment firm he set up early last year—took over the debts of PT Bumi Resources Tbk to JP Morgan worth US$72 million.

Since then, Ancora has held 5 percent of the shares of Bumi, the largest c