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) this year will still diversify its business. The business diversification agenda has been planned since long ago to be able to work on electricity and palm oil segment.
President Director Samindo Kim Jung Gyun said the diversification agenda as one of the company's efforts this year. Even to diversify into the power generation business, the company has prepared the land acquisition fund and its construction.
"The power plant business this year will start, but there is still discussion because it is not that simple," he said in Jakarta, Monday (26/2).
The company is currently targeting the mine mouth power plant project. Therefore, the company is preparing US $ 100 million for the acquisition of 20% -30% of coal mine shares. As for power plants, the company allocates US $ 25 million.
However, the company so far has not been able to realize the plan, because in the last year a number of electricity projects that followed, the tender has failed. This year, the company expects that there will be a tender for the power plant. "For how many megawatts it does not matter," Kim continued.
As for diversification into the palm sector, Kim has not elaborated on the plan. What is clear, according to him, the capability to manage the palm business already owned. Therefore, the business diversification plan is not a difficult thing.
"Samtan already has power plant and palm oil business, so it's not new," he continued.
Just so you know, Samtan Co. Ltd. currently owns 63% of Samindo shares. Samindo's parent company currently has a business of palm oil and power plant. Therefore, Samindo's capability to work on these two new segments will not be too difficult.
https://investasi.kontan.co.id/news/samindo-resources-bidik-diversifikasi-ke-bisnis-pembangkit-dan-sawit
