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.
In accordance with the prevailing regulations, dividend payment must be approved by the shareholders at the Annual GMS, based on the recommendation from the Board of Directors. The Company’s Articles of Association stipulates that dividends can only be paid in line with the Company’s financial capability based on the decision taken at the GMS. The Board of Directors may alter the dividend policy of the Company at any time as long as such a action is approved by the GMS.
The amount of cash dividends is linked to the Company’s net profit for the year, by taking into consideration the soundness of the Company’s financial condition and without prejudice to the right of the GMS to determine otherwise, as well as in accordance to the Company’s Articles of Association, starting from the 2011 fiscal year onwards, the Company will pay dividends with the basis as follows:
