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.
JAKARTA — Issuer of coal mining contractor PT Samindo Resources Tbk. (MYOH) carried out overburden of a total of 34.7 million bank cubic meters (BCM) in January-August 2018. That volume covered 63.78% of the full-year target of 54.4 million BCM.
Investor Relations of PT Samindo Resources Tbk. (MYOH) Ahmad Zaki Natsir said, in the first 8 months of 2018, the company made coal production of 5.9 million tons, down 11.8% yoy. However, the overburden volume reached 34.7 million bcm, an increase of 14.3%.
Details, at PT Kideco Jaya Agung, a subsidiary of PT Indika Energy Tbk. (INDY), contributing 87% and Bayan Group 13% for OB volume. Meanwhile, in the production of Kideco's contribution reached 82%, and Bayan 18%.
"The increase in OB volume is supported by low rainy frequency level, as well as the addition of heavy equipment and infrastructure," he told Bisnis.com recently.
In June 2018, the company added 10 dump trucks and 1 excavator. MYOH also carries out intensive road maintenance.
In semester II / 2018, the company believes that operational performance will be better as the weather improves and the addition of a number of new heavy equipment. Until the end of 2018, MYOH has targeted 54.4 million bcm of overburden stripping volume and 10.7 million tons of production.
Zaki also said, MYOH is still approaching a number of operators to win a new contract. Meanwhile, contract volumes from two export clients, Kideco and Bayan, also increased.