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 integrated mining services company, PT Samindo Resources Tbk, targets to increase its mining service revenues by 36% by 2018.
By the end of 2018, Samindo expects total consolidated revenue to reach US $ 255 million. The main factor driving the increase of the company's opinion in 2018 is the increase in the volume target charged by the client.
This is stipulated in a point of agreement that has been approved by Samindo and PT Kideco Jaya Agung, starting in 2018, the target of all subsidiaries Samindo contractor PT Kideco Jaya Agung at least equal to or higher than the target in 2017.
Currently Samindo is responsible for providing 4 services for Kideco through its four subsidiaries, namely overburden removal, coal getting, coal hauling and exploration drilling. This means the entire revenue segment of the companywill record positive growth in 2018.
In addition, a positive boost also comes from the Bayan project. The Company has started to work on one of the Bayan group's mine sites since mid-2017. By 2018, the volume charged by the Bayan group has doubled from last year as it was done since the beginning of the year. While in 2017 the project starts in mid-year.
"We see the year 2018 as a turning point, after two years our client withholds the production level," said Zaki, Investor Relations Manager of PT Samindo Resources Tbk in his official statement.