Coal Production of Samindo Resources (MYOH) reached 5.9 Million Ton
Bisnis.com, JAKARTA – Although commodity price of coal goes skyrocket, PT Samindo Resources Tbk (MYOH) retained production with achievement by 5.9 million tons during the 1st half of this year.
Corporate Secretary PT Samindo Resources Tbk (MYOH) Hananto Wibowo said that despite of the increased in the coal price reference (HBA), the Company remains focused in its expansion.
“We remain focused in trying to expand. Coal production this January – June 2016 reached 5.9 million’ he said to Bisnis.com, Wednesday (5/10/2016,).
The enlisted Company with ticker code MYOH is budgeting the capital budget by US$7.5million. The Company also budgeted its business expansion by US$1million.
From the commodity market, the contracted coal price in December 2016 in Rotterdam had reached 70.99% throughout the year to the level US$73.10 per metric ton. Such a level has become the highest level since the end of 2014.
On Wednesday (5/10/2016) trading, the contracted December 2016 coal price in Rotterdam market has strengthen by 0.14% by 0.1 point. Throughout September, the coal price increased by 11.08% at 6.80 point to the level US$68.15 per metric ton.