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.
KONTAN.CO.ID - JAKARTA. PT Samindo Resources Tbk will increase production capacity for this year by buying 10 dump trucks. Until now, the issuer coded as MYOH has received five new dump trucks.
Samindo Resources Investor Relations, Ahmad Zaki, said that overburden removal was installed before the addition of 65 million bank cubic meters (BCM) of heavy equipment to 70 million BCM.
After receiving a total of 10 dump trucks they have the potential to add workmanship of up to 12 million BCM.
This year MYOH is targeting the overburden stripping volume of up to 58.1 million BCM or greater than the target in 2018 of 54.5 million BCM. MYOH has 133 dump trucks, 18 excavators, 33 dozer units and 108 hauling trucks.
In order to add heavy equipment, they allocated capital expenditure of US $ 17.7 million, up 27.33% from last year's capital expenditure of US $ 13.98 million. From the capital expenditure, US $ 14.6 million will be spent on the purchase of 10 dump trucks, and US $ 30 million will be used to support coal transportation activities.
"Until the first quarter of 2019, capital expenditure absorption has reached 50 percent of US $ 14.6 million for the addition of dump trucks," he said, Thursday (25/4).