▁share ▁price . ▁and ▁the ▁much - delay ed ▁financial ▁results ▁for ▁ 2 0 1 2 ▁showed ▁a ▁$ 2 0 0 m ▁black ▁hole . ▁It ▁was ▁also ▁reported ▁in ▁ 2 0 1 3 ▁that ▁Ros an ▁Ro es l ani , ▁a ▁former ▁director ▁of ▁the ▁company , ▁had ▁st olen ▁$ 1 7 3 ▁million ▁from ▁it . ▁ ▁In ▁December ▁ 2 0 1 3 ▁the ▁company ▁changed ▁its ▁name ▁to ▁Asia ▁Resource ▁Min er als . ▁In ▁June ▁ 2 0 1 5 , ▁following ▁a ▁series ▁of ▁disput es ▁with ▁his ▁co - in vest ors , ▁Roth sch ild ▁abandoned ▁his ▁invest ment ▁in ▁the ▁company , ▁s elling ▁his ▁ 1 7 . 2 ▁percent ▁st ake ▁to ▁Co al ▁Energy ▁Vent ures . ▁ ▁In ▁June ▁ 2 0 1 1 , ▁Roth sch ild ▁and ▁Tony ▁Hay ward , ▁the ▁former ▁chief ▁executive ▁of ▁B P ▁pl c , ▁listed ▁a ▁successor ▁vehicle ▁to ▁Vall ar ▁called ▁Vall ares ▁( L SE : V L RS ) ▁on ▁the ▁London ▁Stock ▁Exchange , ▁raising ▁$ 2 . 2   b ill ion . ▁Ess entially , ▁this ▁was ▁identical ▁in ▁every ▁respect ▁to ▁the ▁first ▁vehicle , ▁which ▁was ▁met als ▁and ▁min ing ▁focused , ▁except ▁that ▁the ▁new ▁entity ▁would ▁ac quire ▁oil ▁& ▁gas ▁assets . ▁In ▁September ▁ 2 0 1 1 , ▁Vall ares ▁announced ▁a ▁ 5 0 / 5 0 ▁all ▁stock ▁mer ger