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.
PT Samindo Resources Tbk (MYOH) raised its overburden removal volume target by 54.5 million bank cubic meters (BCM) with a coal getting growth rate of 10.7 million tons of coal.
Increase Target MYOH overburden removal This year rose about 13.5% when compared to the previous year of 48 million BCM. Meanwhile, MYOH's coal production of 10.7 million tons in 2018 rose slightly from the target and the realization of 2017 at 10 million tons.
"In the third quarter of 2017, MYOH successfully booked net profit of US $ 8.63 million or decreased 44.92% over the same period last year of US $ 15.67 million," said Ahmad Zaki, Investor Relation of PT Samindo Resources Tbk
As for the 2018 capex, MYOH raised its capital expenditure by 300% to US $ 13.8 million.
In this capacity increase in 2018, MYOH will continue to utilize several subsidiaries of MYOH, namely PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Abadi (exploration drilling).