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 overburden removal activity conducted by PT Samindo Resources Tbk by the end of 2017 has exceeded the target. Of the predetermined target of 48 million bank cubic meters (bcm) to be 51.6 million bcm.
The company's integrated coal mining service provider in Indonesia also noted that overburden production grew 7.4% last year on an annual basis or year on year (yoy).
Samindo Resources Investor Relation, Zaki said the rise in overburden volume in 2017 also means that the number of overburden Samindo's exceeds the pre-set targets.
The 2017 target could be exceeded because of the addition of a new project with Bayan Group which contributed 2.3 million bcm of overburden. The amount is not too significant because the Bayan project only begins in mid-year.
"In addition, the production of overburden from KIDECO mine also increased by 2.5%," he explained.
According to Zaki, this achievement is encouraging because of various obstacles to inhibit the removal of overburden. As an example, the rainfall is very high during 2017. The puddle of mud in the pit is also automatically increased.