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

Ponemon Institute

Selasa, 16 April 2019 - 11:16 WIB

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

Hypertherm software

Selasa, 16 April 2019 - 10:57 WIB

Hypertherm Unveils New Home for Cam Software Content

Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Etihad Airways airline (Foto Ist)

Kamis, 11 April 2019 - 12:44 WIB

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 April 2019 - 12:34 WIB

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…