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.
Bisnis.com, JAKARTA – Although commodity price of coal goes skyrocket, PT Samindo Resources Tbk (MYOH) retained production with achievement by 5.9 million tons during the 1st half of this year.
Corporate Secretary PT Samindo Resources Tbk (MYOH) Hananto Wibowo said that despite of the increased in the coal price reference (HBA), the Company remains focused in its expansion.
“We remain focused in trying to expand. Coal production this January – June 2016 reached 5.9 million’ he said to Bisnis.com, Wednesday (5/10/2016,).
The enlisted Company with ticker code MYOH is budgeting the capital budget by US$7.5million. The Company also budgeted its business expansion by US$1million.
From the commodity market, the contracted coal price in December 2016 in Rotterdam had reached 70.99% throughout the year to the level US$73.10 per metric ton. Such a level has become the highest level since the end of 2014.
On Wednesday (5/10/2016) trading, the contracted December 2016 coal price in Rotterdam market has strengthen by 0.14% by 0.1 point. Throughout September, the coal price increased by 11.08% at 6.80 point to the level US$68.15 per metric ton.