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.
KONTAN.CO.ID - JAKARTA. PT Samindo Resources Tbk began operating five new dump trucks last month. Samindo Resources Investor Relations, Ahmad Zaki, said that all of the issuers coded MYOH shares bought ten dump trucks this year.
The ten dump trucks have a carrying capacity of 100 tons for the operation of coal overburden removal activities. For information, Samindo currently has 133 dump trucks and 18 excavators.
He said, an additional five dump trucks will come in the second quarter of 2019. "Five more units will come and start operations as possible in the second quarter, around April or May," he told Kontan.co.id, Monday (4/3).
This year they allocated capital expenditure of US $ 17.7 million, up 27.33% from last year's capital expenditure of US $ 13.98 million. From the capital expenditure, US $ 14.5 million will be spent on the purchase of the 10 dump trucks.
Meanwhile, a total of US $ 3.2 million from capital expenditure will be used to transport coal (hauling). In terms of operations, this year MYOH has set a target for stripping this overburden to 58 million bcm or greater than the target in 2018 of 54.5 million bcm.
Even though they have a production capacity for overburden removal reaching 65 million bcm per year, so they can still get workmanship of 7 million bcm again. While for coal production, they aim at coal production as well as last year's target of 10.7 million tons.
He revealed the weather factor was still an obstacle to their operational performance in the first quarter of this year. "Usually our production will increase in the second quarter," he added.
Well, in the condition of coal prices which are in a downward trend for low-calorie coal, they predict that it will affect mining companies in increasing their production targets, so that this can also have an impact on coal contractors.
In addition to coal price factors, Zaki said, mining companies that have not been able to meet the 25% DMO provisions will also maintain their production or not increase production, while mining service operations depend on the coal mining company itself.
Even so, they are optimistic that they can hold new customers, now they are approaching several clients.