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), a coal mining services company, successfully closed its operations in 2017 with excellent operational performance.
Real Deal Investor MYOH Ahmad Zaki Natsir revealed that the overburden removal activity which is the main source of revenue of the Company grew by 7.4% compared to last year. Rising volume of overburden of the Company in 2017 also means that the number of overburden successfully transported by the Company exceeds the pre-set targets.
Total overburden that successfully transported the Company during 2017 reached 51.6 million bank cubic meters (bcm). In addition to the addition of new projects, the Company with Bayan group, the production of overburden from the KIDECO mine also increased by 2.5%.
Meanwhile, Bayan own project this year contributed 2.3 million bcm of overburden. The amount is not too significant because the Bayan project is only started in the middle of the year.
"This achievement is very remarkable because during 2017, various obstacles have the potential to inhibit the closure of rock covering activities, and high rainfall during 2017 is the greatest challenge to face, besides the cessation of operations during the rain, piles of mud in the pit, automatically increased, so often some heavy equipment must be allocated to move the mud, "he said in an official statement in Jakarta, Wednesday (24/1/2018).
Furthermore, Ahmad Zaki mentioned PT SIMS Jaya Kaltim (SIMS), a subsidiary of the Company in charge of the closing overburden activities that manage the equipment very well during 2017.
As is well known, the Company currently has two active contracts. The new SIMS contract with Bayan group has been started since the middle of last year. This means that some heavy equipment must be allocated to the Bayan project. While during the year 2017 practically no addition of tools.
"This is one proof of the reliability of our subsidiaries in the provision of coal mining services We are facing a difficult situation throughout the year 2017 with weather issues and equipment limitations, but with long experience and hard work, SIMS successfully closed the year 2017 with great good, "he concluded.