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.
The realization of overburden removal of PT Samindo Resources Tbk (MYOH) coal throughout 2017 has exceeded the set target. This is shown an increase in volume of 7.4% to 51.6 million bcm over the past year.
Samindo Resources is a holding company that has core business of providing coal mining services, such as overburden removal and coal getting, coal hauling, geological mapping and drilling. The coal mining contract business is run through its subsidiary PT SIMS Jaya Kaltim (SIMS).
Investor Relations of Samindo Ahmad Zaki Natsir, said that the overburden removal activity which is the main revenue source of the company recorded a growth of 7.4% in 2017, compared to the same period of the previous year. The increase in overburden removal volume has exceeded the target set at the beginning of the year.
"The achievement is remarkable in the midst of various obstacles faced by the company in 2017. The main obstacle faced last year was the cessation of operations due to high rainfall. Rainfall also causes an increase in the pile of mud in the pit, so some heavy equipment must be used to move the mud, "Samindo investor Ahmad Zaki Natsir said in a press release received by Investor Daily in Jakarta on Tuesday (23/1).
The increase of overburden removal was obtained from several coal mining services projects of the company, such as increasing the production of overburden from the PT Kideco Jaya Aung mine by 2.5%. Coal mining projects at PT Bayan Resources Tbk (BYAN) have also started to contribute 2.3 million bcm last year. "The donation of the Bayan project is still small due to the construction of a new project starting in mid-2017," he said.
Zaki previously said that Samindo will increase its capital expenditure (capex) target by 343 percent to US $ 13.8 million in 2018. The fund will be used to purchase heavy equipment. The increase in capital expenditure is part of the company's strategy to increase overburden removal and coal production in accordance with the company's agreement with the client.