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 footsteps of PT Samindo Resources Tbk in the coal industry nationwide had been pioneered long before the establishment of the holding company of coal mining services. Before the amalgamation into PT Samindo Resources Tbk, all subsidiaries had been in the domestic coal industry business. It has been more than sixteen years the subsidiaries were entrusted to administered the coal mine owned by PT KIDECO Jaya Agung located in East Kalimantan.
By the end of 2011 ST International Corporation as one of the respected companies from South Korea acquired the majority shareholders of PT MYOH Technology Tbk. Subsequent to such acquisition, PT MYOH Technology Tbk undertook corporate action by Right Issue I. The proceeds from the right issue is utilized by PT MYOH Technology Tbk to acquire the majority shareholders of PT SIMS Jaya Kaltim. In 2012, PT MYOH Technology Tbk changed its corporate name into PT Samindo Resources Tbk followed by the changed in its business direction becoming coal mining services. In the same year, PT Samindo Resources Tbk conducted another corporate action by having Right Issue II. The proceeds of such corporate action is utilized to acquire PT Trasindo Murni Perkasa, PT Samindo Utama Kaltim and PT Mintec Abadi.