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

TokoScore owns features of income prediction and fraud flags. (Photo: indotelko.com)

Kamis, 22 September 2022 - 12:29 WIB

Encouraging Financial Inclusion, Tokoscore Services Enable to Raise GOTO Revenue

The expansion of PT GOTO Gojek Tokopedia Tbk (GOTO) into the creditworthiness analysis business as known as credit scoring, through Tokoscore, has received a positive response from market players.…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 21 September 2022 - 11:20 WIB

Indonesia Needs to Encourage Alternative Tobacco Products Research Collaboration

The scientific studies development on alternative tobacco products in Indonesia is still too minimal. The Indonesian government is suggested to encourage research collaboration on alternative…

Alternative tobacco products. (Photo: lifestyle.sindonews.com)

Rabu, 14 September 2022 - 12:30 WIB

Adult Smokers Entitled to Valid and Reliable Information of Alternative Tobacco Products

Public owns the rights to obtain valid and reliable information to improve their health quality. The same rights is also owned by adult smokers, particularly to pertinent information about the…

Tikki Pangestu, the former Director of Policy Research and Cooperation of World Health Organization (WHO). (Photo: channelnewsasia.com)

Selasa, 06 September 2022 - 19:10 WIB

Alternative Tobacco Products, Strategy to Reduce Smoking Prevalence

The high smoking prevalence has been closely associated with increased smoking-related diseases. Alternative tobacco products are predicted to be one of the solutions that can help reduce smoking…

GoTo is a blend of Gojek and Tokopedia. (Photo: republika.co.id)

Rabu, 31 Agustus 2022 - 12:26 WIB

More Efficient Business, GOTO Q2-2022 Contribution Margin Soars

A technology issuer with a leading ecosystem in Southeast Asia, PT GoTo Gojek Tokopedia Tbk (GOTO), releases the first half of 2022 financial performance to the same period in 2021 (year on…