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 targets to sign a new project by 2018. This target is a key performance performance indicator (KPI) of the major shareholders to be met by the company with MYOH thicker code.
Unfortunately, Ahmad Zaki, Investor Relations of PT Samindo Resources Tbk admitted that he can not mention which companies will cooperate with MYOH. "Still the current approach, apologize can not be called the company's name," said Zaki when contacted KONTAN, Wednesday (21/2/2018).
Zaki just mentioned, currently the director of PT Samindo Resources Tbk is conducting field visits for its location survey. The target, the signing of cooperation can be done in mid-2018.
The project in East Kalimantan has a contract period of over 5 years. "About seven years if not mistaken, but that is obviously long enough, over 5 years," added Zaki.
In 2018 MYOH worked on two coal mining service contracts, namely PT Kideco Jaya Agung and PT Bayan Resources Tbk. In addition to the two contracts, MYOH will also be working on a new contract that is still cannot be disclosed.
In a joint contract with Kideco, MYOH gets 48.5 million bank cubic meters (BCM) and 10.3 million tons of coal. While the quota of 5.85 million BCM and 450,000 tons of coal is obtained in a contract with Bayan.
Zaki did not specify how many rations MYOH will get in his latest project later. He only mentions the large ratio of contract contributions to total MYOH revenues.
"If Kideco will contribute more than 95% of total revenue, if the latest project will be only about 2%," said Zaki.
https://investasi.kontan.co.id/news/samindo-resources-akan-garap-proyek-baru-di-kalimantan-timur
