Samindo Resources Gains Long Term Contract of Bayan Resources

By : Aldo Bella Putra | Wednesday, July 26 2017 - 07:34 IWST

5166
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)

News Comment

Today's Industry

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Rabu, 21 Februari 2024 - 08:23 WIB

Receives Chairman of Jababeka (KIJA), Menpora Dito Ready to Support the Development of Sports SEZs

Chairman of PT Jababeka Tbk (KIJA), Setyono Djuandi Darmono met the Minister of Youth and Sports of the Republic of Indonesia (Menpora RI) Dito Ariotedjo at the Kemenpora RI Office, Senayan,…