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.
Jakarta - An integrated coal mining services company in Indonesia, PT Samindo Resources (Tbk) announces an agreement with PT KIDECO Jaya Agung to continue the mining services contract.
The contracts for four subsidiaries are PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Abadi (exploration drilling)
"Samindo's subsidiary until now has more than 15 years serving PT KIDECO Jaya Agung," said Zaki, Investor Relations Samindo Resources, through a press release received Kontan.co.id, Monday (20/11).
During managing KIDECO Jaya Agung mine, the company's four subsidiaries have done many innovations that have an impact on excellent performance.
Based on the agreement between Samindo subsidiary and PT KIDECO Jaya Agung, starting in 2018 Samindo's annual production target will increase every year. One of the agreed points is that the 2017 target will serve as the lower limit in calculating Samindo's annual target in the future.
Zaki said, the agreement can be ascertained in the next few years Samindo production target will continue to increase from year to year.
Apart from the contract with KIDECO Jaya Agung, Samindo has also secured a medium-term contract with Bayan Group for overburden removal and coal production activities. In 2018 the Bayan project will contribute significantly to Samindo's operational performance.
"Referring to the agreement with KIDECO Jaya Agung, we believe that starting in 2018 Samindo's production target will increase every year, because the target for the next six years should be higher than the target in 2017," he explained.
As for Zaki, it also hopes the Bayan project runs well in 2018 and can contribute positively to Samindo's operational performance.
http://industri.kontan.co.id/news/samindo-kantongi-lagi-kontrak-dengan-kidecobayan
