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.
In 2018, PT Samindo Resources Tbk (MYOH) is targeting overburden removal of 54.5 million bank cubic meters (BCM) and production of 10.7 million tons of coal.
The target of overburden removal increased approximately 13.5% compared to the previous year ie 48 million BCM. In 2017, the company coded MYOH issuer realized overburden removal above the predetermined target of 51.5 million BCM.
Meanwhile, MYOH targets coal production of 10.7 million tons in 2018. This figure is slightly higher than the target and the realization of 2017 at 10 million tons.
Ahmad Zaki, Investor Relations of PT Samindo Resources Tbk, said that he can not mention the realization of revenues and net profit obtained in 2017. "Unfinished audited number," he said when contacted Kontan.co.id, Wednesday (21/2/2018).
In the third quarter of 2017, PT Samindo Resources Tbk recorded a net profit of US $ 8.63 million. Achieving it down by 44.92% compared to the same period last year that is US $ 15.67 million.
This year, MYOH will increase its capital expenditure (capex) to 300% to US $ 13.8 million. This is to increase the production capacity of already signed contracts.
During its business, MYOH relies on several subsidiaries such as PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Abadi (exploration drilling).