Samindo Resources is a prominent investment holding corporation and also a public listed company in Indonesia, engaged in integrated coal mining services industry. As an integrated coal mining service company, we deliver the service that can provide solutions in every stage of coal mining operation.
The scope of Samindo Resources business includes four main activities in an integrated coal mining process. The company owns the majority of shares in four subsidiaries and operates two mining concessions in the province of East Kalimantan.
Samindo Resources shares are owned by various leading entities. Our goal is to create shareholder value in the long run by ensuring that we always stride for better performance.
Good Corporate Governance (GCG) is a reference for companies in running their daily operations to ensure that their operations are well manage. In line with the increased activity undertaken by PT Samindo Resources Tbk, the application of GCG principles is also increasing.
The practice of Corporate Social Responsibility (CSR) has the primary purpose of ensuring that the social interests of various stakeholder groups of Samindo Resources can be fulfilled appropriately and proportionately, especially for people living around the Company’s working environments.
Coal prices in 2018 are expected to be stable following commodity price stability in 2017. It encourages clients of PT Samindo Resources Tbk (MYOH), a coal mining contractor, to increase production.
The condition has a positive impact on MYOH next year. Therefore, MYOH management plans to buy heavy equipment and equipment for overburden removal and coal getting activities.
Both activities are mainly carried out at the Kideco mine after the renewal of mining services contracts.
"For the purchase of equipment and equipment, we allocate capital expenditure (capex) of about US $ 13.8 million for next year," said Ahmad Zaki, Investor Relations MYOH, in Jakarta, Tuesday (12/12/2017) ).
Ahmad argued, when compared with the capex MYOH in 2017 of US $ 3.12 million, then the amount of company capex budgeted for next year increased more than threefold.
"The surge in the allocated capex is one of our measures to anticipate the increase of target charged by the company's clients in 2018," said Ahmad.
Ahmad said, heavy equipment to be purchased by the company is dump trucks, excavators, cranes and various types of pumps. The Company has now ordered heavy equipment so it is expected to be operational in the first quarter of 2018.
"Most of the 2018 capex of the company comes from the company's internal cash. The reason is, the company currently has internal cash that is sufficient to finance the capital expenditure, "said Ahmad.