Samindo Resources appoints new directors

The Annual General Meeting of Shareholders (AGMS) of PT Samindo Resources which was held on Friday (4/5) agreed to appoint Kim Hung Sung as the new directors.

In addition, AGMS of PT Samindo Resources also decided to distribute dividends totaling US $ 18 million to shareholders.

The company's financial performance in 2017 is influenced by very high rainfall and rising cost of revenue as a result of the deeper access to the pit. "At the beginning of 2018 itself rainfall is not so high, so it does not affect revenue," said Ahmad Zaki, investor relations Samindo Resources Friday (4/5).

Every year, PT Samindo continues to expand its business. Starting 2016, PT Samindo began expanding its coal mining services market and participating in the tender of East Kalimantan 6.

Meanwhile, in 2017, PT Samindo signed a contract with Bayan group, and participated in the IPP tender for solar power in Sumatra with a total capacity of 100 MW.

Meanwhile, this year, the company is intensifying the acquisition process of coal mines. The plan in 2019, PT Samindo also aspires to be a leading company in resources and energy.