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. Since 2017, PT Samindo Resources Tbk intends to expand into the power generation business. Samindo Resources Operations and Development Director Ahmad Saleh said, the parties are now starting to participate in a number of tenders for solar power projects.
One of the tenders that they are aiming for is the PLTS project with a capacity of 2x25 megawatts (MW). Previously, the issuer coded MYOH shares had also participated in several power plant project tenders.
MYOH Investor Relations, Ahmad Zaki said, currently his party is still awaiting the announcement of the winner of the PLTS tender. The plan will be delivered in August.
In order to cultivate this solar power plant business, Zaki said, companies need funds of US $ 1 million per 1 MW, so they need funds of US $ 50 million for the 2x50 mw PLTS.
He explained, later the majority of funding would be obtained from internal cash. So far, MYOH has been trying to diversify its business.
Although it will try out several new businesses, it projects that the majority of revenue will still be obtained from the coal mining business.
"In the future we want to have a renewable energy project, but the composition of revenue from the coal mining service sector still donates around 50%," he said on Wednesday (26/6).