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. Coal mining service company PT Samindo Resources Tbk continues its plan to diversify its business into the power generation sector. Samindo Resources Investor Relations, Ahmad Zaki said the company plans to expand to the electricity business since 2017.
The MYOH coded stock is eyeing several power plant projects, including the new and renewable energy power plants. MYOH is currently participating in two tenders for solar power plants (PLTS). "We are participating in two tenders for solar power plants in Bali," he said when met by Kontan.co.id in Jakarta, Wednesday (21/8).
In Kontan's notes, PT Perusahaan Listrik Negara has begun the re-auction process of the West Bali PLTS and East Bali PLTS from March 11, 2019. These two projects each have a capacity of 25 MegaWatt (MW) and are planned to be operational in 2021.
Zaki further said MYOH was not yet interested in working on other new renewable energy power plants such as geothermal or hydroelectric power plants. "If the geothermal and water are difficult to access," he added.
In addition, they are still eyeing the steam power plant project. Previously MYOH participated in several tenders for steam power plants, unfortunately it did not reach the tender.
Regarding funding, Zaki claimed the company had prepared an internal source of funds. He mentioned that to expand to the MYOH electricity business, funds need more than US $ 1 million for 1 MW.
Even so the company claimed revenue from the coal mining business line would still contribute the largest portion to MYOH's total revenue. He said MYOH was serious in developing business in the power generation sector.