Samindo Resources Gains Long Term Contract of Bayan Resources
By : Aldo Bella Putra | Wednesday, July 26 2017 - 07:34 IWST

5166
INDUSTRY.co.id - Jakarta, PT Samindo Resources Tbk (MYOH) through its subsidiary PT SIMS Jaya Kaltim (SKJ) is awarded a long-term contract from PT Gunungbayan Pratamacoal, a business entity of PT Bayan Resources Tbk (BYAN).
"We are intensifying to look for new opportunities outside of existing clients to expand the market," said Samindo Zaki Investor Relation through IDX information disclosure on Monday (15/05/2017). ).
Zaki added it is possible in the future the contribution of MYOH in Bayan Group continues to increase. Currently, the management is reviewing the various potentials that can be worked on by the company.
"This contract will be the starting point of MYOH's strategy to develop the market from existing business and also motivate to continue to maintain good relationship with Bayan Group," he said.
This two-and-a-half year contract is for overburden removal and coal production activities.
Based on the timeline set by both parties, kick off of the project started in early July 2017. Currently, SJK is looking to mobilize equipment and base camp development and it is expected that by the end of June all the preparations will be completed so that the project can be rolled out on schedule.
This automated agreement will provide additional volume of cover rock and SJK coal.
Under the contract, up to 2019 the total SJK will receive an additional 14.7 million bcm cover and 1 million tonnes of coal. (Hry / Imq)
Read Also
Strengthening Foreign Exchange, Ministry of Energy and Mineral Resources…
Fulfilling Domestic Needs, Indo Tambangraya Will Greatly Transfer…
Hasnur Jaya International and Itochu Sign Additional Purchases in…
No Supply To Power Plant, Mining Company Will Be Sanctioned
How Much More We Have The Time Of Our Coal Reserves?
Today's Industry

Sabtu, 23 Januari 2021 - 17:50 WIB
Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs
A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Rabu, 13 Januari 2021 - 18:40 WIB
Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm
Synopsys receives highest score among 12 SAST providers in current offering category.

Rabu, 13 Januari 2021 - 16:00 WIB
ZASCHE Handling Rolls Out New Range of Electric Balancers
the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Rabu, 13 Januari 2021 - 15:40 WIB
What is the Cost of Poor Software Quality in the U.S.?
And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Jumat, 08 Januari 2021 - 17:35 WIB
DevSecOps: The good, the bad, and the ugly
DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.
News Comment