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

Rapat Koordinasi Gabungan Evaluasi UPSUS 2017 dan Persiapan Kegiatan 2018

Jumat, 15 Desember 2017 - 21:00 WIB

Ministry of Agriculture Optimizes Swamp Land Through Agricultural Mechanism

Palembang - Director General of Agricultural Infrastructure and Facilities at the Ministry of Agriculture, Pending Dadih Permana said that the potential of swamp land in South Sumatra is quite…

Ilustrasi Migas (ist)

Jumat, 15 Desember 2017 - 20:30 WIB

Oil and Gas are Still The Major Source of Energy Indonesia

Jakarta - Head of Formalities Division of Special Force Work Unit (SKK) Migas Didik Setiyadi said in the next 12 years Indonesia is threatened to run out of petroleum if not find new oil and…

Para Pembicara Diskusi yang diselenggarakan oleh ISTMI (Ikatan Sarjana Teknik Industri dan Manajemen Industri Indonesia) bersama PT. PGN (Persero) TBK.

Jumat, 15 Desember 2017 - 20:00 WIB

ISTMI and PGN Hold a Discussion on Downstream Industrial Policy

JAKARTA (IFT) - The Association of Industrial Engineering and Industrial Management of Indonesia (ISTMI) as a forum for professionalism in the field of engineering and industrial management,…

Delegasi PWI di Korea Selatan

Jumat, 15 Desember 2017 - 19:30 WIB

PWI Slams Violence of Chinese Apparatus to Journalists of the Republic of Korea

SEOUL - The Indonesian Journalists Association (PWI) participated in spite and condemned the violence committed by the People's Republic of China (PRC) against two Republic of Korea journalists…

Monika Rudijono Presiden Uber Indonesia

Jumat, 15 Desember 2017 - 19:00 WIB

Monika Rudijono Officially Becomes President of Uber Indonesia, This is Her Profile

Jakarta - After being abandoned by Alan Jiang who served as Managing Director in June, Uber announced the appointment of Monika Rudijono as President of Uber Indonesia.