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 (MYOH) is aiming for overburden removal of 58.1 million bank cubic meters (BCM) in 2019.
Samindo Resources Investor Relations Ahmad Zaki said the total volume of overburden removal as of May 2019 had reached 20.2 million BCM, down 5% compared to the same period last year, 21.4 million BCM.
Even so, the realization of coal getting until May 2019 was recorded at 4.8 million tons or around 40% of the total target this year of 10.7 million tons of coal. "Coal production in May 2019 rose 30% from last year, 3.7 million tons," he said on Wednesday (6/26).
He explained that the realization of coal getting until May 2019 is greater than overburden removal because MYOH has done a lot of overburden removal activities in 2018.
Meanwhile, the decline in overburden removal performance until May this year was affected by high rainfall which disrupted operational performance. Therefore, Zaki said, in anticipation that MYOH will increase production capacity by buying 10 dump trucks.
In Kontan's record, in order to add heavy equipment MYOH 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.
For information, MYOH has a total of 133 dump trucks, 18 excavators, 33 dozer units and 108 hauling trucks.