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 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.