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.
PT Samindo Resources Tbk Investor Relations, Zaki said that PT Samindo Resources Tbk successfully reached an agreement with PT KIDECO Jaya Agung to continue the mining service contract with four subsidiaries of PT SIMS Jaya Kaltim, PT Samindo Utama Kaltim, PT Trasindo Murni Perkasa and PT Mintec Abadi. He said that until now the Company's subsidiary has more than 15 years serving PT KIDECO Jaya Agung.
"During managing PT KIDECO Jaya Agung mine, four of our subsidiaries have done a lot of innovations that have an excellent performance impact, as evidenced by the many awards in terms of safety and environmental management of mines received by our subsidiaries." He said in an official statement received by Warta Ekonomi in Jakarta, Tuesday (21/11/2017).
In addition, according to the agreement between the subsidiary of the Company and PT KIDECO Jaya Agung, starting in 2018 the Company's annual production target will continue to increase from year to year.
"Referring to the agreement with PT KIDECO Jaya Agung, we believe that by 2018 the Company's production target will increase every year, as the target for the next six years should be higher than the 2017 target," he said.
The Company has also secured a medium-term contract with Bayan Group for overburden removal and coal production activities.
He also expects the Bayan project to run well in 2018 and can contribute positively to the operational performance of the Company.