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JAKARTA -  coal mining contractor issuer PT Samindo Resources Tbk. (MYOH) is targeting overburden / OB volume of 58 million bank cubic meters (bcm) and coal production of 10.8 million tons.

Investor Relations of PT Samindo Resources Tbk. (MYOH) Ahmad Zaki Natsir said that in 2019 the company targets OB volume of 58 million bcm and production of 10.8 million tons. The volume increased slightly from the estimated realization of 2018 of 55 million bcm and 10.4 million tons respectively.

"The driving factor in 2019 is that MYOH activities are more focused in pits with high stripping ratios," he told Bisnis, quoted Friday (12/21).

According to Zaki, the coal industry in 2019 has slowed down a bit, because China as the world's largest coal consumer has reduced absorption. This makes imports less and affects the fundamentals of black stone globally.

"The outlook [the coal market] tends to slow down somewhat due to Chinese factors," he added.

Meanwhile, as of September 2018 MYOH posted revenues of US $ 175.20 million, up from US $ 133.29 million. Net income reached US $ 21.51 million from the position as of September 2017 worth US $ 8.63 million.

At the close of trading Friday (21/12), MYOH shares fell 0.48% to Rp1,045. Prices still soar 49.29% during the year. Market capitalization reached Rp2.31 trillion with a PER of 5.39 times.

https://market.bisnis.com/read/20181222/192/872108/myoh-bidik-produksi-batu-bara-108-juta-ton

PT Samindo Resources Tbk (MYOH) seems very optimistic about the coal mining services business next year. One evidence is that the integrated mining service company increased 28.2% of the expenditure or capital expenditure (capex) in 2019 to US $ 17.7 million, from this year which was only US $ 13.98 million.

From next year's US $ 17.7 million capital expenditure, US $ 14.5 million will be spend on the purchase of 10 of 100 tons of transport capacity dump trucks for overburden removal and the remaining US $ 3.2 million for coal hauling. For information, Samindo currently has 133 dump trucks and 18 excavators.

Ahmad Saleh, Independent Director of Samindo Resources revealed, the goal of a significant increase in capital expenditure next year is actually the company's efforts to anticipate new contracts currently being explored by the company. "We are currently undergoing due diligence," he said on Tuesday (4/12).

Understandably, currently the mining service contract that runs out in plain sight belongs to the Bayan Resources coal mine. Ahmad said, Bayan's contract will expire in December 2019 with a production target of 5.6 million tons. "This year our target for the Bayan contract is actually only 5.8 million tons, but this is already above the target of 6.7 million tons," he said.

He said, the total target of overburden removal from next year from Bayan and Kideco clients reached 58.1 million bank cubic meters (bcm), up 6.6% from this year's projection of 54 , 6 million bcm. "We also project coal getting in 2019 by 10.7 million tons, up from the 2018 projection of 10.1 million tons," Ahmad said, Tuesday (12/4).

He said that stable coal prices were the main factor driving the company's target. Moreover, since the last year coal prices have continued to rise and are relatively stable. "Most coal operators are starting to boost production, this also happens to our clients," he said.

Ahmad said, he also projected revenue to rise next year along with operational activities which also increased. However, his side has not been able to provide detailed figures because the performance of the IV quarter of 2018 has not been issued. "Next year, income will definitely increase, if profits will certainly have to see later," he added.

Meanwhile, Ahmad Zaki Natsir, Head of Relations at Samindo Resources, added that for this year's overburden removal production targeted at 54.5 million bcm has reached 92% at the end of November or around 53 million bcm, while production has reached 89% of Coal production target is 10.1 million tons. "There are some obstacles indeed at the beginning of operations, so we are targeting total coal production to be only 95 percent of the target of 10.1 million tons," he said.

https://industri.kontan.co.id/news/antisipasi-kontrak-baru-samindo-resources-myoh-tahun-depan-menaikkan-capex-282

PT Samindo Resources Tbk (MYOH) recorded a good performance during the third quarter of this year. The company recorded two-digit performance growth both in terms of revenue and net income.

Based on the financial statements released today, MYOH recorded revenues of US $ 175.2 million, up 31.43% compared to the same period the previous year which was recorded at US $ 133.3 million.

The increase in sales was due to an increase in revenues from overburden removal and coal getting services which reached US $ 126.79 million from the previous US $ 90.71 million. Plus from coal transport services and drilling, exploration and other services.

Meanwhile, cost of goods sold was recorded to increase from US $ 116.25 million to US $ 138.21 million. However, the company managed to maintain a record of current year's profit which was recorded at US $ 21.53 million, up 148.9% from the previous US $ 8.65 million.

The company's total assets up to the third quarter were recorded at US $ 142.59 million, up 4.79 percent compared to last year's position of US $ 136.07 million. This is due to an increase in the number of current assets, while non-current assets have decreased.

https://industri.kontan.co.id/news/samindo-bukukan-pertumbuhan-laba-bersih-1489-hingga-kuartal-iii-2018

PT Samindo Resources Tbk (MYOH) throughout the period of January - September 2018 posted a net profit of USD21.52 million or around Rp301.39 billion (the average rate in nine months was Rp14,000).

That profit rose 148.8% compared to the same period last year of USD8.65 million. The increase in profit of the integrated coal mining service provider was triggered by an increase in revenue in all of the company's operational activities by 31.4% from USD133.29 million to USD175.2 million.

"The increase in the volume of overburden and the volume of coal hauling are the main factors driving the increase in revenues from both activities," said Samindo Resources Head of Investor Relations Ahmad Zaki Natsir in Jakarta.

According to him, Samindo's success in boosting productivity and simultaneously managing cost efficiency is the main factor that drives the company's profitability up to the third / 2018 quarter. Initially, said Zaki, Samindo targets to be able to record a net profit throughout 2018 of USD17 million.

"At present our achievements have exceeded the target, and we believe the end of 2018 will close it with good results," he said.

Samindo Resources Independent Director Ahmad Saleh added, in terms of operational performance, Samindo also showed a positive trend.

For example, over burden removal, which reached 39.5 million bank cubic meters (bcm) rose from 35.5 million bcm in the same period of 2017. While coal hauling hauling also rose from 19.9 million tons to 21.3 million tons.

"Coal getting is realized at 6.8 million tons, lower than the third quarter 2017 of 7.5 million tons. This is because of the excess of stockpile at the Kideco mine, "Saleh said.

In terms of costs, according to Zaki, various efficiency programs that have been promoted since the beginning of 2018 have proven successful in holding down the cost of production.

This indication can be seen from the increase in cost of production which was lower than the increase in income. During January - September 2018 the cost of good sold (COGS) amounted to USD138.2 million, up 18.9% from USD116.25 million year on year. "Of the four components of production costs, only material costs have increased significantly. The efficiency program with a focus on reducing the cost of fuel (fuel oil) is quite successful in holding back the rate of rising fuel costs, "he said.

https://economy.okezone.com/read/2018/10/31/278/1971440/samindo-resources-bukukan-laba-rp301-miliar-hingga-triwulan-iii-2018

JAKARTA - PT Samindo Resources Tbk in the first half of this year recorded a very good performance. Among other things, it can be seen from the achievement of the company's net profit which reached USD13.22 million, surging 139% compared to the net profit in the first semester of the previous year amounting to USD 5.54 million.

In the same period, the company also recorded a revenue growth of 30% to USD111.82 million. Then, EBITDA was USD25.64 million or grew 75% over the same period the previous year.

"Thanks to the hard work of all parties, in the first semester the company's performance in terms of operations and finance was far better than the previous year," said President Director Samindo resources Kim, Jung Gyun in Jakarta, Tuesday (08/28/2018).

Kim explained, in order to maintain performance, the integrated coal mining service provider company strictly pays attention to cost management, as well as implementing efficiency in its operational activities.

The Company, among others, made adjustments to a number of contracts, then from the operational side, minimizing idle time during activities to save fuel consumption. The Company also periodically carries out mine road maintenance and road slope measurements to facilitate vehicle speed.

"It has been proven to save the amount of fuel used up to 200,000 liters," said Samindo Investor Relations Ahmad Zaki Natsir.

In terms of non-operations, continued Kim, even though the portion does not dominate, the company also continues to make austerity measures, among others, by reducing the cost of official travel, office equipment costs, and others.

Since the past few years, the company has also reduced the number of bank loans. At present the bank's debt is only US $ 10 million, from around US $ 48 million in the previous three years. While the company's cash is almost twice the amount of bank debt.

"This is all our commitment to provide additional value to shareholders," Kim said.

Referring to the positive record during the first half, Kim is optimistic that the company's performance will continue to improve until the end of the year. Samindo, he said, targets this year to be able to print a net profit of USD22 million, or 83% above the achievements of 2017.

He added, just like in previous years, the company was committed to share the profits obtained as much as possible for the shareholders.

"In the past few years 80% of the profit has been distributed as dividends to shareholders. It is now the same, so with a profit target of USD22 million, we can estimate how much dividend will be distributed to shareholders later," he concluded.

https://ekbis.sindonews.com/read/1333719/32/semester-i-laba-bersih-samindo-resources-melesat-139-1535450162

JAKARTA-Three years ago, PT Samindo Resources Tbk (MYOH) planned to buy coal mining land. This land purchase is one of the efforts to diversify business in the electricity sector.

Samindo Resources Investor Relations, Ahmad Zaki said, until now there has been no minethat fits the criteria of the company. Especially after coal prices rose, coal mining land also increased. "The ones who want to sell are not as many as before, because now they are already producing again," he said, Tuesday (2/10).

In the previous Kontan.co.id report, MYOH targets to be able to get a mine with reserves of 20 million tons of coal and a production capacity of 2 million per year.

Zaki said, his company is eyeing a coal mine that produces calorie coal around 4,300 kcal / kg to 4,500 kcal / kg. "We want mines that have already produced, so we don't spend too much," he added.

Therefore, MYOH is not so aggressive in pursuing the purchase of this mining land. "We are not as aggressive as before, but that does not mean we cancel this plan. We currently accept proposals, carry out due diligence, and if indeed the prospects are good and in accordance with the criteria we can do this plan," he said.

In the planned acquisition of the coal mine, MYOH has set aside up to US $ 100 million. While until the end of the year, MYOH targets to be able to reach revenues of US $ 255 million with a net profit of US $ 17 million.

Until the first semester of 2018, the company has managed to record revenues of US $ 111.20 million with net income of US $ 13.20 million. "We have revised the net profit to US $ 22 million because in the first semester we have reached US $ 13.20 million and are optimistic we can achieve this target," Zaki said.

Throughout the first semester of 2018, MYOH managed to record an increase in land transfer services and the return of coal by 38.30% and coal shipping services by 11.85%. "In addition, the strengthening of the dollar is also one of the effects of increased net income," he said.

Entering the fourth quarter of 2018, MYOH is also eyeing a new contract. Zaki is optimistic that a new contract will be obtained by the company until the end of the year. Unfortunately, he hasn't mentioned the details of the contract.

https://industri.kontan.co.id/news/samindo-resources-myoh-masih-tertarik-beli-lahan-pertambangan

JAKARTA - PT Samindo Resources Tbk., A coal mining service company, is optimistic that its operational and financial performance will exceed the target by the end of this year.

Samindo Independent Director Ahmad Saleh said that overburden volume 39.58 million cubic meters (cbm) up to the third quarter 2018 rose 11.34% compared to the same period last year of 35.55 million bcm. The issuer coded MYOH shares targets the coal stripping volume this year to be 54.4 million bcm.

The realization of coal getting in January-September 2018 was 6.8 million tons, down 9.33% compared to the same period of 7.5 million tons. The realization is also still below the third quarter 2018 target of 7.9 million tons. Samindo targets total coal production this year to be 10.7 million tons.

"Stockpile there is too much, so it can't be piled up there anymore. This happened in the mining area of ??PT Kideco Jaya Agung, "he said in a presentation on Samindo's performance, Tuesday (10/30).

Besides Kideco, Samindo Resources also received a mining service contract from PT Bayan Resources Tbk.

In addition to overburden removal and coal getting, Samindo also serves coal hauling services. The realization of coal hauling services in the third quarter 2018 reached 21.25 million tons, up 6.78% compared to the same period last year of 19.9 million tons. However, the realization is slightly below the third quarter 2018 target of 21.5 million tons.

"This year [coal hauling] is relatively good because the weather is quite good," he said.

Saleh explained, the company will maximize overburden, coal oduction and hauling of coal in the last 2 months of this year. "It is possible to approach existing targets so that if necessary the deficit is not significant."

Samindo Resources Head of Investor Relations Ahmad Zaki Natsir said the company's performance until the third quarter of 2018 was still positive. Even though the realization of coal getting production is still below the target, stripping of coal is still increasing.

"[Increased] income due to increased volume [overburden removal]. The increase in volume automatically increases the revenue. In addition, there is also an increase in tariffs for overburden and coal getting services. The tariff for coal getting and overburden removal rose by 5%. "

In addition, there is compensation from coal companies using Samindo's services because the distance from the pit to the dumping area increases to 7 km from the previous 5 km.

Samindo posted a net profit of US $ 21.53 million or around Rp301.39 billion (the average rate in January-September 2018 was Rp14,000 per US $), up 148.8% compared to the same period last year of US $ 8.65 million.

The increase in net profit was triggered by an increase in revenue in all of the company's operational activities by 31.4% to US $ 175.2 million compared to the same period last year of US $ 133.29 million.

In the middle of this year, Samindo raised its 2018 net profit target to US $ 22 million, higher than the initial target of US $ 17 million.

In terms of costs, according to Zaki, various efficiency programs that have been promoted as early as 2018 are able to withstand the rate of production costs. This indication can be seen from the increase in production cost which was lower compared to the increase in income.

During January-September 2018, the cost of good sold (COGS) of US $ 138.2 million rose 18.9% from US $ 116.25 million (y-o-y).

"Of the four components of production costs, only material costs have increased significantly. The efficiency program with a focus on reducing fuel costs is quite successful in holding back the rate of rising fuel costs. "

The four components of Samindo Resources' production costs are material, overhead costs, depreciation, and labor. The largest total production costs for materials that reached 40%, amounting to 20%, were distributed to BBM. The rest is for vehicle and lubricant components. "

He also said, during January-September 2018, the issuer coded MYOH shares realized operating expenses of US $ 6.6 million higher than the third quarter / 2017 of US $ 5.9 million.

http://industri.bisnis.com/read/20181031/44/855066/jasa-pertambangan-batu-bara-samindo-myoh-optimistis-lampaui-target-2018

PT Samindo Resources Tbk (MYOH), the issuer of a medium-scale integrated coal mining service provider, won a zero work accident award from the Ministry of Manpower. The award was achieved through two subsidiaries of the company responsible for coal hauling activities, namely PT Samindo Utama Kaltim and PT Trasindo Murni Perkasa.

"Coal transportation activities are one of the three main activities of Samindo Resources which contribute up to 30% of the company's consolidated revenue," said Ahmad Zaki Natsir, investor relations at PT Samindo Resources Tbk, in a written statement received by Dunia-Energi, Friday (9/28). )

Based on the award awarded by the Ministry of Manpower, Samindo Utama and Trasindo recorded zero work accidents from the period January 2015 to December 2017 with a total working hours of more than 2.4 million hours of work during that period. This is a very good achievement, given the high risk of workplace accidents in coal transportation activities at the PT Kideco Jaya Agung mine which is the main client of Samindo Utama and Trasindo.

According to Zaki, since the beginning of 2018 Samindo has focused on efficiency, especially in operational activities. One aspect that is the focus of the company is increasing the supervision of speed limits on coal transportation activities. "Weak monitoring of speed limits has the potential to trigger accidents and also accelerate the destruction of some hauling truck component parts," he said.

Coal transportation activities carried out by the two subsidiaries are carried out for 40 km from stock piles to ports 24 hours a day. The route that is traversed consists in part of winding slopes and derivatives.

"Weak discipline in controlling speed will certainly make it difficult for hauling truck drivers to maneuver in an emergency. Especially during rainy conditions and in dark conditions or at night, "Zaki said.

The occurrence of work accidents along the hauling road is the only thing that is greatly avoided in coal hauling activities. This will automatically hamper coal  shipments, especially if an accident closes part or all of the road. Automatically all coal shipping activities will stop for a while.

"Aside from the cessation of operational activities, units that have accidents certainly need repairs that will reduce the operational time of the unit. Especially if there is a component damage resulting from the accident so that there are additional costs incurred, "he said.

Samindo Resources' success in improving speed control is also evident from the decline in inventory turnover ratios in recent years. Previously, tire changes took place every four months, after increased control  the average speed of tire change occurred every six months. Something similar also happens to some components, especially the brake and transmission components.

In addition, Zaki added, the company also actively improves the quality of hauling truck drivers by conducting driving simulation tests. Through the test you can see drivers who have driving patterns that have the potential to cause workplace accidents. "Periodic driving tests are conducted for all drivers, especially new drivers are required to pass the driving test using driving simulations," he said.

An additional factor that is also quite influential on work safety is the hauling road condition. The high frequency of hauling trucks with heavy loads will naturally reduce the quality of hauling roads. Therefore, Samindo Utama and Trasindo periodically monitor hauling roads and provide information to drivers on locations that have the potential to cause accidents.

Mining activities tend to have high work risks, therefore we always pay attention to every aspect of operational activities, especially aspects of work safety. "We always strive to create sustainable mining activities, we will not prioritize momentary productivity but sacrifice the sustainability of future activities," Zaki explained.

http://www.dunia-energi.com/nihil-kecelakaan-kerja-samindo-resources-fokus-tingkatkan-kinerja/

JAKARTA — Issuer of coal mining contractor PT Samindo Resources Tbk. (MYOH) carried out overburden of a total of 34.7 million bank cubic meters (BCM) in January-August 2018. That volume covered 63.78% of the full-year target of 54.4 million BCM.

Investor Relations of PT Samindo Resources Tbk. (MYOH) Ahmad Zaki Natsir said, in the first 8 months of 2018, the company made coal production of 5.9 million tons, down 11.8% yoy. However, the overburden  volume reached 34.7 million bcm, an increase of 14.3%.

Details, at PT Kideco Jaya Agung, a subsidiary of PT Indika Energy Tbk. (INDY), contributing 87% and Bayan Group 13% for OB volume. Meanwhile, in the production of Kideco's contribution reached 82%, and Bayan 18%.

"The increase in OB volume is supported by low rainy frequency level, as well as the addition of heavy equipment and infrastructure," he told Bisnis.com recently.

In June 2018, the company added 10 dump trucks and 1 excavator. MYOH also carries out intensive road maintenance.

In semester II / 2018, the company believes that operational performance will be better as the weather improves and the addition of a number of new heavy equipment. Until the end of 2018, MYOH has targeted 54.4 million bcm of overburden stripping volume and 10.7 million tons of production.

Zaki also said, MYOH is still approaching a number of operators to win a new contract. Meanwhile, contract volumes from two export clients, Kideco and Bayan, also increased.

http://market.bisnis.com/read/20180928/192/842658/8-bulan-samindo-resources-myoh-realisasikan-target-6378

JAKARTA - PT Samindo Resources Tbk mining contractor. (MYOH) realized overburden volume of 25.4 million bank cubic meters (bcm) or 46.49% of the full year target of 54.4 million bcm.

Samindo Resources Investor Relations Ahmad Zaki Natsir said that in the first half of 2018, the company carried out coal production of 4.4 million tons, and overburden of  25.4 million bcm.

The details are at PT Kideco Jaya Agung, a subsidiary of PT Indika Energy Tbk. (INDY), amounting to 21.9 million bcm, and Bayan Group 3.35 million bcm. However, volume of production or coal getting decreased by 13.4% yoy from semester I / 2017 due to weather constraints and problems in the contractor.

"In June, the problem has been overcome, and the fleet for coal getting has also been added," he told Bisnis on Tuesday (08/14/2018).

Zaki is still reluctant to disclose the financial performance of MYOH semester I / 2018, because it is still being audited by PricewaterhouseCoopers (PWC). The report will be released on 20 December 2018.

In the second semester of 2018, the company believes that operational performance will be better along with the improved weather and the addition of a number of new heavy equipment. Until the end of 2018, MYOH targeted 54.4 million bcm of overburden volume and 10.7 million tons of coal.

Zaki also said, MYOH was still approaching a number of operators to win a new contract. The contract volume of two existing clients, Kideco and Bayan, also increased.

JAKARTA - PT Samindo Resources Tbk pada paruh pertama tahun ini mencatatkan kinerja yang sangat baik. Hal itu antara lain terlihat dari capaian laba bersih perseroan yang mencapai USD13,22 juta, melonjak 139% dibanding perolehan laba bersih di semester I tahun sebelumnya sebesar USD5,54 juta.

Pada periode yang sama, perseroan juga mencatatkan pertumbuhan pendapatan sebesar 30% menjadi USD111,82 juta. Kemudian, EBITDA sebesar USD25,64 juta atau tumbuh 75% dibanding periode yang sama tahun sebelumnya. 

"Berkat kerja keras semua pihak, di semester pertama ini kinerja perseroan dari sisi operasional maupun keuangan jauh lebih baik dibanding tahun sebelumnya," ujar Presiden Direktur Samindo resources Kim, Jung Gyun di Jakarta, Selasa (28/8/2018).

Kim menjelaskan, demi menjaga performa, perusahaan penyedia jasa pertambangan batu bara terintegrasi tersebut secara ketat memperhatikan pengelolaan biaya, serta menerapkan efisiensi pada kegiatan operasionalnya.

Perseroan antara lain melakukan penyesuaian sejumlah kontrak, kemudian dari sisi operasional, meminimumkan idle time selama kegiatan untuk menghemat konsumsi bahan bakar. Perseroan juga secara berkala melakukan pemeliharaaan jalan tambang dan pengukuran kemiringan jalan untuk mempermudah laju kendaraan. 

"Hal itu terbukti menghemat jumlah bahan bakar yang digunakan hingga 200.000 liter," kata Investor Relation Samindo Ahmad Zaki Natsir.

Dari sisi non-operasional, sambung Kim, meskipun porsinya tidak mendominasi, perseroan juga terus melakukan langkah penghematan, antara lain dengan memangkas biaya perjalan dinas, biaya peralatan kantor, dan lainnya. 

Sejak beberapa tahun ke belakang, perseroan juga telah mengurangi jumlah pinjaman bank. Saat ini utang bank perseroan tinggal USD10 juta, dari sekitar USD48 juta pada tiga tahun sebelumnya. Sedangkan jumlah kas perseroan hampir dua kali dari jumlah utang bank.

"Ini semua adalah komitmen kami untuk memberikan tambahan nilai kepada para pemegang saham," tandas Kim. 

Mengacu pada catatan positif selama paruh pertama ini, Kim optimistis kinerja perseroan akan terus membaik hingga akhir tahun. Samindo, kata dia, menargetkan tahun ini mampu mencetak laba bersih sebesar USD22 juta, atau 83% di atas capaian tahun 2017. 

Dia menambahkan, sama seperti tahun-tahun sebelumnya, perseroan berkomitmen membagikan keuntungan yang diperoleh sebesar-besarnya bagi para pemegang saham. 

"Beberapa tahun terakhir 80% dari profit dibagikan sebagai dividen kepada pemegang saham. Sekarang juga sama, jadi dengan target laba USD22 juta, bisa diestimasi berapa dividen yang akan dibagikan ke pemegang saham nantinya," pungkas dia.

https://ekbis.sindonews.com/read/1333719/32/semester-i-laba-bersih-samindo-resources-melesat-139-1535450162

KONTAN.CO.ID - JAKARTA. The increase in world oil prices which continued to approach US $ 80 per barrel triggered an increase in the price of industrial diesel fuel.

As a result of the increase in diesel fuel prices, PT Samindo Resources Tbk (MYOH), which operates 133 dump trucks and 18 excavators, was affected. This year even Samindo has to prepare large funds for the cost of diesel fuel.

The Director of PT Samindo Resources Tbk explained that the increase in world oil prices followed by rising fuel prices and the skyrocketing rupiah exchange rate were a challenge for the mining services industry. Moreover, BBM is a major component in material costs in mining service companies.

"On average, the contribution of material costs to the total production of mining service companies reaches 40%," Ahmad Saleh told Kontan.co.id, Friday (7/20).

In the beginning of 2018 the price of industrial diesel is still around Rp 6,000 per liter, but in mid 2018 the price of industrial diesel has reached Rp 8,000 per liter.

As a result, it must prepare funds only for Solar around Rp. 300 billion-Rp. 400 billion for this year. "Within a year we can use 48-50 million liters of diesel per year," Saleh said.

According to Saleh, the impact of the skyrocketing world oil prices and the rupiah exchange rate not only on the price of fuel. Some of the spare parts used for heavy equipment must be imported from abroad. "Therefore, the soaring rupiah exchange rate will automatically drive up the price of spare parts," he said.

Currently the rupiah exchange rate has reached above the level of Rp. 14,515 per US dollar from the previous level of Rp. 13,300-13,500. Looking at the situation, Saleh said, his party had taken four strategic steps to make cost efficiency.

First, Samindo management buys large quantities of fuel by considering the prediction of fuel prices in the next few months. The purchase of large quantities of fuel also gets a discount so that it can save the cost of buying fuel.

"We also have a team that monitors prices, for example prices will rise, we will buy two or a month before the price goes up. It's quite a difference, "he said.

Secondly, Samindo consistently maintains roads, one of which is regulating the level of slope. The degree of road slope is quite significant in influencing fuel consumption. "The high slope of the road automatically increases the power used, which automatically increases fuel consumption," he said.

Third, road maintenance also affects tire usage. Continuous road maintenance has successfully extended the duration of tire usage. "At present, tire changes occur every six months, before tire changes are made every four months," Saleh said.

Fourth, management also instructed heavy equipment drivers to turn off the engine during shift shifts. Mining operations take place over 24 hours in three shifts. "The dump truck wants to know, every 1 hour edit 80 liters of diesel fuel," he added.

Saleh explained, with these four efforts, he hopes to be able to use fuel efficiency by 5% of the total usage of 48-50 million liters this year. "We continue to maintain 1 bank cubic meter dredging (bcm) using only 0.9 liters of diesel fuel, not to 1 liter," Saleh said. Just as long as you know for 1 bcm it is equal to 2.4 tons per cubic.

As for the rough service fees for 1 bcm dredging, the cost is US $ 1.5 to US $ 2.5. While transportation costs from stock pile to the port can reach US $ 2.

The increase in mining service fees requested by Samindo has been carried out this year. "As it really can't go up in price again because we have increased when coal prices rose early last year," said Samindo Investor Relations Ahmad Zaki.

This year, Samindo projects overburden removal of 54 million bank cubic meters of bcm, consisting of 49 million bcm for PT Kideco Jaya Agung and 5 million bcm for PT Gunung Bayan Pratama (a subsidiary of PT Bayan Resources Tbk), up from last year amounting to 48 million bcm Kideco and 2.5 million bcm of Gunung Bayan Pratama.

While coal production throughout 2018 is projected to reach 10.9 million tons. Until the first quarter, coal production only reached 2 million tons.

Zaki stated, for the first semester of 2018 production and company performance had not been seen because the data from management had not yet arrived. But seeing the performance of the I-2018 quarter and last year, coupled with rising coal prices, the company's performance is predicted to rise also in the first half of 2018. "I think our performance is still good," he added.

https://industri.kontan.co.id/news/harga-solar-industri-naik-samindo-rogoh-kocek-hingga-rp-400-miliar-tahun-ini?page=3

Efforts to realize of PT Samindo Resources Tbk plan to expand its business in the field of coal fire power (PLTU) is not easy. One of the conditions that need to be done is to open the mine. In 2018, PT Samindo Resources continues to intensify its acquisition of mines.

President Director of PT Samindo Kim Jung Gyun said, to achieve the company's plan to acquire new mines its targeted complete in 2019,  it take time to complete. The reason, it’s require to conduct studies and find the right mine to be acquired.

Although targeted to be completed in 2019, Independent Director Samindo Resources Ahmad Saleh said, it’s still possible that the acquisition can be done this year. The efforts to realize the company plan had been running since 2016. However, continued Saleh, there are several criteria into consideration of the company.

https://investasi.kontan.co.id/news/samindo-resources-tebar-dividen-us-18-juta

PT Samindo Resources Tbk (MYOH), an integrated coal mining services provider, distributes dividends worth US $ 18 million for the fiscal year 2017, up 6% from the 2016 book year dividend.

"The amount of dividends paid to shareholders last year amounted to US $ 17 million," said Ahmad Zaki Natsir, Inevstor Relation Samindo after the Annual General Meeting of Shareholders (AGM) in Jakarta, last weekend.

Samindo at the end of 2017 posted a net profit of US $ 12.3 million. This means that Samindo's dividend payout ratio reaches 150% of total net profit booked in 2017. The ratio is much higher compared to the previous period, where the dividend payout ratio is 80% of total net profit of US $ 21.22 million.

Samindo Resources is an investment holding company with core competencies in the provision of coal mining services in terms of wasted removal and coal production, coal hauling and geological mapping and drilling.

As an investment holding company, Samindo runs the four production activities through four subsidiaries, namely PT SIMS Jaya Kaltim, PT Trasindo Murni aperkasa, PT Samindo Utama Kaltim and PT Mintec Abadi.

"The Company will strive to maintain this policy while posting positive earnings, as one of the company's stocks in the capital market," said Zaki.

http://www.dunia-energi.com/samindo-bagi-dividen-us18-juta/

The Annual General Meeting of Shareholders (AGMS) of PT Samindo Resources Tbk held Friday (4/5) agreed to distribute dividends of US $ 18 million to the shareholders. When compared to the previous period, this dividend was increased by 6%.

In 2016, the company coded issuer MYOH is distributing dividends of US $ 17 million.

Investor Relations of PT Samindo Resources Tbk Zaki said that the dividend payout ratio is almost 150% of the total net income of the company in 2017, which amounted to US $ 12.09 million.

According to Zaki MYOH's consistency to distribute dividends is nothing but an appreciation of the company to its shareholders.

"The Company will strive to maintain this policy as long as the company posted a positive profit, as one of the main attraction of the company's shares in the capital market," said Zaki.

Based on the company's financial report, at the end of December 2017 MYOH booked cash and cash equivalents amounting to US $ 20.89 million. The unappropriated retained earnings amounted to US $ 56.81 million.

http://market.bisnis.com/read/20180506/192/792037/rasio-pembayaran-dividen-samindo-resources-myoh-sampai-146

The Annual General Meeting of Shareholders (AGMS) of PT Samindo Resources which was held on Friday (4/5) agreed to appoint Kim Hung Sung as the new directors.

In addition, AGMS of PT Samindo Resources also decided to distribute dividends totaling US $ 18 million to shareholders.

The company's financial performance in 2017 is influenced by very high rainfall and rising cost of revenue as a result of the deeper access to the pit. "At the beginning of 2018 itself rainfall is not so high, so it does not affect revenue," said Ahmad Zaki, investor relations Samindo Resources Friday (4/5).

Every year, PT Samindo continues to expand its business. Starting 2016, PT Samindo began expanding its coal mining services market and participating in the tender of East Kalimantan 6.

Meanwhile, in 2017, PT Samindo signed a contract with Bayan group, and participated in the IPP tender for solar power in Sumatra with a total capacity of 100 MW.

Meanwhile, this year, the company is intensifying the acquisition process of coal mines. The plan in 2019, PT Samindo also aspires to be a leading company in resources and energy.

https://investasi.kontan.co.id/news/samindo-resources-angkat-anggota-direksi-baru

Issuer of coal mining contractor PT Samindo Resources Tbk. (MYOH) decided to distribute dividends for the fiscal year 2017 of US $ 18 million, or 146.58% of last year's net profit of US $ 12.28 million.

President Director of PT Samindo Resources Kim Jung Gyun said that based on the resolution of the General Meeting of Shareholders (GMS) for book year 2017, the company will distribute dividends worth US $ 18 million. That amount is almost 150% of total net profit of US $ 12.28 million.

Compared to last year, Samindo distributed US $ 17 million dividends from its 2016 net profit of US $ 21.22 million with an 80% ratio. That is, although net income decreased MYOH committed to give high dividends to shareholders.

"We consistently deliver high dividends to shareholders. This is also one form of support Samindo to the people of Indonesia in the long term, "he said, Friday (4/5/2018).

According to him, the dividend given by MYOH became one of the highest among other mining issuers. In general, the performance of coal mining companies and their derivatives is improving as commodity prices are heating up.

Samindo Resources Investor Relation Ahmad Zaki Natsir added that the dividend that exceeds the annual net income is possible. In order to disburse US $ 18 million to shareholders, the company allocates the funds from retained earnings.

At the end of December 2017, MYOH still retained unappropriated retained earnings of US $ 56.81 million. In the first three months of 2018, total balances increased to US $ 62.63 million.

"Since our retained earnings are still secure, we can allocate for dividends," he said.

After the announcement of the dividend distribution at around 15.00 WIB, MYOH's stock which previously in negative trend is suddenly reverse. Until the close of trading Friday (4/5/2018), the stock price rose 45 points or 5.33% to Rp890.

Price to Earning Ratio (PER) MYOH reached 6.14 times. Its market capitalization was 1.96 trillion.

http://market.bisnis.com/read/20180506/192/792037/rasio-pembayaran-dividen-samindo-resources-myoh-sampai-146

Issuer of coal mining contractor PT Samindo Resources Tbk. (MYOH) targets the acquisition of a coal mine to be completed within the next 1-2 years.

Samindo Resources President Director Kim Jung Gyun said the company plans to acquire coal mines since 2016. The corporate action is targeted to be completed within the next 1-2 years.

In 2018, the company is intensifying the mine acquisition process. It aims to achieve the mission of Samindo Resources as a leading company in resources and energy.

"In the future we will integrate various coal business lines. Therefore, we are targeting to complete the acquisition process within one or two year, "he said, Friday (4/5/2018).

The mining specifications to be acquired are those that allow the company to supply to the Steam Power Plant (PLTU) at the mouth of the mine. It aims to cut the transportation cost.

In the acquisition later, Samindo will only take a share of 20% -30%, or not become a major shareholder. With the acquisition, management hopes to get a mining contract from a new partner company.

"Later we can work on the mining operations of the acquired company. But our participation is only 20% -30%, or the second or third position of the largest shareholders, not the majority, "he explained.

Related to the specification of the mine to be acquired, continued Kim, Samindo adjust to market demand, especially from China and India. Both countries are still using coal for power plant, so the need of coal with 4,200 kcal / kg of coal is still quite high.

Independent Director of MYOH Ahmad Saleh said, the acquisition process takes time. In addition, the company's had several mine as a candidate for the acquisition, so Samindo should consider carefully.

According to him, MYOH opens the opportunity to acquire coal mines that produce 4,000 Kcal / kg calories because it can supply for mine mouth power plant. The production rate is around 5 million tons per year with reserve volume of 20 million tons.

 "So it will possible to integrate of mining contracts, coal sales, including the development of its steam power plant," he said.

Investor Relations MYOH Ahmad Zaki added, in 2016 the company allocates US $ 25 million acquisition fund. However, at that time the price of coal is still in the range of US $ 50 per ton.

In a situation where coal prices are heating up as this year, the value set by the mines to be acquired also increases. Therefore, the possibility of acquisition value will surpass the initial plan of US $ 25 million.

"Basically, our funds are ready to make the acquisition. In addition, we will be assisted by Samtan [Samtan Co. Ltd.] as the parent company "he said.

In 2018, the company allocated US $ 13.8 million of capital expenditure from internal cash for heavy equipment purchase. All equipment will come in late May or June 2018, so full-capacity operations will take place starting July 2018.

As of March 2018, MYOH overburden volume increased 12.5% ??yoy to 12.6 million bank cubic meters (BCM) from 11.2 million BCM. However, coal production declined 16% yoy to 2.1 million tons from 2.5 million tons previously. The decline in coal production operations is due to the lack of heavy equipment specifications from sub-contractors.

This year, MYOH targets the overburden volume from the Kideco mine totaling 48.5 million BCM, while the Bayan project is estimated at 5.8 million BCM. The total amount of 54.5 million BCM, edged up 5.44% yoy

Earlier in 2017, the overburden volume reached 51.5 million BCM and coal production of 10 million tons.

http://market.bisnis.com/read/20180506/192/792038/rencana-akuisisi-samindo-resources-myoh-kelar-1-2-tahun

In 2018, PT Samindo Resources Tbk (MYOH) is targeting revenues of USD255 million. The target is up 36% compared to the realization in 2017 which reached USD188, 1 million. Expectations of the increase will be supported by the increase of coal mining contracts handled by the company.

"The increase in coal mining volume targeted by clients will be the main factor driving the company's revenue growth in 2018," said Samindo Investor Relations Manager Ahmad Zaky Natsir in Jakarta.

As in the agreement signed by the company with PT Kideco Jaya Agung, all of Kideco's coal mining subsidiaries will be handled by Samindo starting this year. The Company is responsible for providing four services for Kideco, namely overburden removal, coal getting, coal hauling, and exploration drilling.

The addition of the company's work contracts, according to him, indicates an opportunity to increase the revenue of all business segments of the company in 2018. Positive performance boosts are also expected to come from coal mining contracts from the Bayan group. In the Bayan group's mine, the company has started mining since mid-2017.

 
According to him, Bayan imposes a two-fold increase for coal getting volume this year, compared to last year's 51.5 million bcm actual result. "We see 2018 to be a turning point, after two years the client withholds the production level. All clients have set the increase in coal production volume this year, "he said.

In addition to support for growth in overburden removal and coal getting contract, he explained that the company will get a positive contribution from the outlook for better coal sale price this year. "The indication is seen from the stable coal price in 2017 and predicted to continue this year," he said.

The issuer of this coal mine allocates this year's capital expenditure of USD13.8 million or soared 343% compared to last year. The capex budget cap is not one of the Company's preparations in response to the increase of target charged by clients in 2018, "As has been "The Company's production target of rock climbed 13%, while the Company's coal production increased by 10%," Zaky said.

He explained that most of the company's capex funds will be allocated for the purchase of heavy equipment in the activity of overburden removal and coal production. Several heavy equipment targeted by the Company include dump trucks, excavators, cranes, and pumps. The Company currently has two active contracts for the two activities, namely contract with PT Kideco Jaya Agung and contract with Gunung Bayan Pratama Coal.

https://economy.okezone.com/read/2018/03/23/278/1877036/kontrak-kerja-bertambah-samindo-resource-targetkan-pendapatan-usd255-juta

PT Samindo Resources Tbk (MYOH) aims to increase its consolidated revenue to US $ 255 million this year, compared to 2017 reached US $ 188.1 million. Expectations of the increase will be supported by the increase of coal mining contracts handled by the company.

 The company's revenue from coal mining services is targeted to grow around 36 percent this year, compared to last year.

 "The increase in coal mining volume targeted by clients will be the main factor driving the company's revenue growth in 2018," said Investor Relations Manager Samindo Ahmad Zaky Natsir in a press release received by Investor Daily in Jakarta on Wednesday (21/3).

As in the agreement signed by the company with PT Kideco Jaya Agung, all of Kideco's subsidiary coal mining will be handled by Samindo starting this year. The company is responsible for providing four services for Kideco, overburden removal, coal getting, coal hauling, and exploration drilling.

The addition of the company's work contracts, according to him, indicates an opportunity to increase the revenue of all business segments of the company in 2018. Positive performance boosts are also expected to come from coal mining contracts from the Bayan group. At the Bayan group mine, the company has started mining since mid-2017.

According to him, Bayan charged a doubling for coal stripping volume this year, compared to last year's 51.5 million bcm actual result.

"We see 2018 to be a turning point, after two years the client withholds the production level. All clients have set the increase in coal production volume this year, "he said.

In addition to support for growth in land transfer contracts and coal production, he explained, the company will get a positive contribution from the outlook for better coal sale price this year. The indication is seen from the stable price of coal throughout 2017 and is predicted to continue until this year.

http://id.beritasatu.com/home/2018-samindo-bidik-pendapatan-us-255-juta/173512

The integrated mining services company, PT Samindo Resources Tbk, targets to increase its mining service revenues by 36% by 2018.

By the end of 2018, Samindo expects total consolidated revenue to reach US $ 255 million. The main factor driving the increase of the company's opinion in 2018 is the increase in the volume target charged by the client.

This is stipulated in a point of agreement that has been approved by Samindo and PT Kideco Jaya Agung, starting in 2018, the target of all subsidiaries Samindo contractor PT Kideco Jaya Agung at least equal to or higher than the target in 2017.

Currently Samindo is responsible for providing 4 services for Kideco through its four subsidiaries, namely overburden removal, coal getting, coal hauling and exploration drilling. This means the entire revenue segment of the company
will record positive growth in 2018.

In addition, a positive boost also comes from the Bayan project. The Company has started to work on one of the Bayan group's mine sites since mid-2017. By 2018, the volume charged by the Bayan group has doubled from last year as it was done since the beginning of the year. While in 2017 the project starts in mid-year.

"We see the year 2018 as a turning point, after two years our client withholds the production level," said Zaki, Investor Relations Manager of PT Samindo Resources Tbk in his official statement.

https://industri.kontan.co.id/news/samindo-resources-targetkan-pendapatan-tahun-ini-tumbuh-36

PT Samindo Resources Tbk (MYOH) raised its overburden removal volume target by 54.5 million bank cubic meters (BCM) with a coal getting growth rate of 10.7 million tons of coal.

Increase Target MYOH overburden removal This year rose about 13.5% when compared to the previous year of 48 million BCM. Meanwhile, MYOH's coal production of 10.7 million tons in 2018 rose slightly from the target and the realization of 2017 at 10 million tons.

"In the third quarter of 2017, MYOH successfully booked net profit of US $ 8.63 million or decreased 44.92% over the same period last year of US $ 15.67 million," said Ahmad Zaki, Investor Relation of PT Samindo Resources Tbk

As for the 2018 capex, MYOH raised its capital expenditure by 300% to US $ 13.8 million.

In this capacity increase in 2018, MYOH will continue to utilize several subsidiaries of MYOH, namely PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Abadi (exploration drilling).

https://saham.news/produksi-batubara-samindo-resources-2018-sebesar-107-juta-ton/3695

In 2018, PT Samindo Resources Tbk (MYOH) is targeting overburden removal of 54.5 million bank cubic meters (BCM) and production of 10.7 million tons of coal.

The target of overburden removal increased approximately 13.5% compared to the previous year ie 48 million BCM. In 2017, the company coded MYOH issuer realized overburden removal above the predetermined target of 51.5 million BCM.

Meanwhile, MYOH targets coal production of 10.7 million tons in 2018. This figure is slightly higher than the target and the realization of 2017 at 10 million tons.

Ahmad Zaki, Investor Relations of PT Samindo Resources Tbk, said that he can not mention the realization of revenues and net profit obtained in 2017. "Unfinished audited number," he said when contacted Kontan.co.id, Wednesday (21/2/2018).

In the third quarter of 2017, PT Samindo Resources Tbk recorded a net profit of US $ 8.63 million. Achieving it down by 44.92% compared to the same period last year that is US $ 15.67 million.

This year, MYOH will increase its capital expenditure (capex) to 300% to US $ 13.8 million. This is to increase the production capacity of already signed contracts.

During its business, MYOH relies on several subsidiaries such as PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Abadi (exploration drilling).

https://industri.kontan.co.id/news/samindo-resources-targetkan-produksi-batubara-107-juta-ton-tahun-ini

PT Samindo Resources Tbk targets to sign a new project by 2018. This target is a key performance performance indicator (KPI) of the major shareholders to be met by the company with MYOH thicker code.

Unfortunately, Ahmad Zaki, Investor Relations of PT Samindo Resources Tbk admitted that he can not mention which companies will cooperate with MYOH. "Still the current approach, apologize can not be called the company's name," said Zaki when contacted KONTAN, Wednesday (21/2/2018).

Zaki just mentioned, currently the director of PT Samindo Resources Tbk is conducting field visits for its location survey. The target, the signing of cooperation can be done in mid-2018.

The project in East Kalimantan has a contract period of over 5 years. "About seven years if not mistaken, but that is obviously long enough, over 5 years," added Zaki.

In 2018 MYOH worked on two coal mining service contracts, namely PT Kideco Jaya Agung and PT Bayan Resources Tbk. In addition to the two contracts, MYOH will also be working on a new contract that is still cannot be disclosed.

In a joint contract with Kideco, MYOH gets 48.5 million bank cubic meters (BCM) and 10.3 million tons of coal. While the quota of 5.85 million BCM and 450,000 tons of coal is obtained in a contract with Bayan.

Zaki did not specify how many rations MYOH will get in his latest project later. He only mentions the large ratio of contract contributions to total MYOH revenues.

"If Kideco will contribute more than 95% of total revenue, if the latest project will be only about 2%," said Zaki.

https://investasi.kontan.co.id/news/samindo-resources-akan-garap-proyek-baru-di-kalimantan-timur

PT Samindo Resources Tbk (MYOH) will distribute cash dividends for fiscal year 2017. The proposal will be submitted by MYOH management to shareholders at the Annual General Meeting of Shareholders (AGM) to be held in early May 2018.

According to Kim Jung Gyun, President Director of MYOH, in a press statement in Jakarta on Monday (26/2), the amount of dividend to be shared is the same as last year which is about 80% of profit.

In 2017, the total dividend distributed by the coal mining services company reached US $ 17 million for the fiscal year 2016. "The amount is 80% of MYOH's profit in 2016 reaching US $ 21 million," he said.

Kim has not been able to reveal earnings over the past year as it is still in the audit process. Nevertheless, he estimates that the company's revenue in 2017 is relatively the same as 2016 which is around US $ 190 million.

He added that this year it allocates US $ 13.8 million for capital expenditure. About 80% of the funds will be used to purchase heavy equipment such as dump trucks, excavators, cranes and pumps.

For funding sources of capital expenditures, all of them come from the Company's cash. We have enough cash, Kim explained.

This year, Kim continued, the Company also targets to acquire coal mining companies operating in Kalimantan and Sumatera. MYOH management insists it will not acquire 100% of the targeted mining company shares, but will only take over a share of the shares. That is because the core business of the Company is still engaged in the coal contracting sector.

This year there may be one or two expectations. Can produce 1-2 million tons a year or 4-5 million tons a year, he added.

Related to funding, Kim said the acquisition cost is not included in the capital expenditure budget that is budgeted US $ 13.8 million this year. Funds for the acquisition we have prepared from internal cash, he explained.

https://www.e-bursa.com/index.php/news/detailNews/302492/STW

PT Samindo Resources Tbk. (MYOH), a coal mining contractor, allocates 80% of its 2017 net profit for dividends to shareholders.

President Director of PT Samindo Resources Kim Jung Gyun conveyed, same as 2016 fiscal year, this year the company allocates 80% of net profit from fiscal year 2017 for dividend.

"The benefit of our shareholders is prioritized because we have been able to benefit many people and the government of Indonesia for 25 years," he said on Monday (26/2).

Currently, it is still in the process of auditing the financial statements, so it can not mention the achievement of net profit in 2017. Meanwhile, the dividend decision will be taken in the General Meeting of Shareholders (AGM) in early May 2018.

https://www.indopremier.com/ipotnews/newsDetail.php?jdl=Samindo_Resources_(MYOH)_Sisihkan_80%25_Laba_untuk_Dividen&news_id=328137&group_news=RESEARCHNEWS&taging_subtype=NATURALRESOURCES&name=&search=y_general&q=batu%20bara,%20tambang,%20&halaman=1

PT Samindo Resources Tbk (MYOH) this year targets to diversify its business to work on power plants and palm oil. The company currently claims to be eyeing the mine mouth power plant project.

MYOH President Kim Jung Gyun said the diversification agenda is one of the company's focus this year. Even for the diversification plan to the power plant business, the company has prepared the land acquisition and development fund. "The power plant business this year will start, but it still needs discussion. There is a process to be resolved, "said Kim in a press conference in Jakarta, Monday (26/2/2018).

He added that the company is preparing US $ 100 million for the acquisition of 20% -30% of coal mining shares. As for the plant, the company allocates funds reach US $ 25 million. However, the company so far has not been able to realize the plan, because in the last year a number of electricity projects that followed, the tender has not been obtained. This year, the company expects that there will be a tender for the plant. "About how many megawatts does not matter," Kim continued.

As for diversification into the palm sector, Kim has not elaborated on the plan. But clearly, according to him, the capability to manage the palm business already owned. Therefore, the business diversification plan is not a difficult thing. "Samtan already has power plant and palm oil business, so it's not new," he continued.

The mine acquisition plan remains part of the expansion this year. Currently, the company still review at least three mines for the acquisition. "We have seen several new mines from two to three mines, this year hopes there could be one or two," he said.

He said that the company does not restrict the search for the East Kalimantan mine where the company's main operations are located. But clearly, the acquisition of the mine is targeting high and low calorie coal in Kalimantan and Sumatra.

Kim added that the company will not acquire 100% of the mine, the company will only take over some of its shares for the mine already in operation. Because the company's core business is currently engaged in mining services activity. "We see that the mines in Indonesia are not limited to Sumatra or Kalimantan, which can produce 1-2 million tons a year or 4-5 million tons a year," he continued.

This year the company allocated a capital expenditure fund of USD13, 8 million, the amount is not included for the acquisition plan. Although not included in this year's capex, the company said it had prepared funds for the acquisition.

He said the increase in capex is nothing but one of the company's preparations to respond to the increase in targets charged by clients in 2018.

According to him, most of the capex will be allocated for the purchase of heavy equipment on overburden removal and coal getting activities. As for, he continued, some heavy equipment that became the company's target of dump trucks, excavators, cranes and pump. He revealed that currently the process of ordering heavy equipment has been done and is expected in the first quarter of 2018, the tools can already be operated.

https://ekbis.sindonews.com/read/1285251/34/samindo-target-akuisisi-pembangkit-listrik-dan-sawit-1519639792

PT Samindo Resources Tbk. (MYOH), a mining contractor, targets to acquire two coal mines this year.

Samindo Resources President Director Kim Jung Gyun said the company has 25 years experience in coal mining operations. To diversify revenue, MYOH will acquire 1-2 mines by 2018.

The acquired coal mine will be integrated with the company's plan to develop the Coal Fire Power Plant (PLTU). However, MYOH positions will not be a majority within the concession.

"Maybe our ownership in the new mine is only 20% - 30% only," he said.

Acquisition funding, Kim continued, will be different with the  2018 capital expenditure budget of US $ 13.8 million. The source of funding to increase the share ownership of the coal mine comes from internal cash or parent injections.

MYOH's major shareholder is Samtan Co.Ltd at 63.57%. The South Korean-based company raised about US $ 600 million from the sale of a 40% stake in PT Kideco Jaya Agung to PT Indika Energy Tbk. (INDY).

"We have a lot of funds after releasing Kideco, which can be used for the acquisition of new mines. [The acquisition fund] depends on what percentage of stocks, reserves, and companies are," he added.

MYOH Investor Relation Ahmad Zaki added for the acquisition of a coal mine, MYOH prepare up to US $ 100 million. Meanwhile, for the development of PLTU or Solar Power Plant (PLTS), the allocation of funds reached US $ 25 million.

The targeted coal mine has a coal reserve volume of around 20 million tons. Its annual production volume reaches 2 million - 3 million tons.

For power plant projects, the company plans to follow a number of tenders. In 2017, the company follows three tenders, namely PLTS in North Sumatra and Bangka, and PLTU Kaltim 6. However, MYOH has not passed the three project offerings.

"This year we will try the tender again, because to integrate with the results of our coal later," he said.

http://market.bisnis.com/read/20180227/192/743571/pt-samindo-resources-myoh-siap-akuisisi-2-tambang?utm_source=dlvr.it&utm_medium=twitter

PT Samindo Resources Tbk (MYOH) this year will still diversify its business. The business diversification agenda has been planned since long ago to be able to work on electricity and palm oil segment.

President Director Samindo Kim Jung Gyun said the diversification agenda as one of the company's efforts this year. Even to diversify into the power generation business, the company has prepared the land acquisition fund and its construction.

"The power plant business this year will start, but there is still discussion because it is not that simple," he said in Jakarta, Monday (26/2).

The company is currently targeting the mine mouth power plant project. Therefore, the company is preparing US $ 100 million for the acquisition of 20% -30% of coal mine shares. As for power plants, the company allocates US $ 25 million.

However, the company so far has not been able to realize the plan, because in the last year a number of electricity projects that followed, the tender has failed. This year, the company expects that there will be a tender for the power plant. "For how many megawatts it does not matter," Kim continued.

As for diversification into the palm sector, Kim has not elaborated on the plan. What is clear, according to him, the capability to manage the palm business already owned. Therefore, the business diversification plan is not a difficult thing.

"Samtan already has power plant and palm oil business, so it's not new," he continued.

Just so you know, Samtan Co. Ltd. currently owns 63% of Samindo shares. Samindo's parent company currently has a business of palm oil and power plant. Therefore, Samindo's capability to work on these two new segments will not be too difficult.

https://investasi.kontan.co.id/news/samindo-resources-bidik-diversifikasi-ke-bisnis-pembangkit-dan-sawit

PT Samindo Resources Tbk's overburden removal activities by the end of 2017 exceeded the target. The target is 48 million bank cubic metre (bcm) to 51.6 million bcm.

The integrated coal mining services company noted overburden removal grew by 7.4%. Investor Relations Samindo Resources, Ahmad Zaki Natsir, said the overburden removal activity is the main source of revenue of the company coded MYOH shares in Indonesia Stock Exchange.

This activity grew 7.4% compared to last year's achievement. The 2017 target could be exceeded due to the addition of new projects with Bayan Group. The new project, which accounts for 2.3 million bcm of overburden business.

The Bayan Group project only started in mid-year. "In addition, the production of overburden from Kideco mine also increased by 2.5%," he said.

He claims, the achievement is remarkable considering that throughout the year 2017 various obstacles have the potential to inhibit the closure of overburden. Among other very high rainfall.

Just so you know, in addition to cessation of operations during the rain, pile of mud in the pit is also automatically increased. So often some heavy equipment must be allocated to move the mud.

According to Zaki, SIMS Jaya Kaltim (SIMS), a subsidiary of Samindo Resources responsible for the overburden removal activity, manages the equipment very well during 2017. The subsidiary handles active contracts with Bayan Group.

These challenges mean that some heavy equipment must be allocated to the Bayan project. "While in 2017 there is practically no addition of tools," he said.

As for this year, Samindo Resources claimed to increase capital expenditure or capital expenditure (capex) up to 300%. The increase is to increase the production capacity of contracts that have been signed by the company.

In addition to the long-standing contract, an integrated coal mining service provider in Indonesia is also eyeing new contracts. The process is still in talks with the client

Increased capex can even exceed 300% compared to 2017. Increased company's efforts in meeting the increased target clients. "So the total of generals, the company's allocated capex in 2018 amounted to US $ 13.8 million," said Zaki.

http://industri.kontan.co.id/news/overburden-removal-samindo-melampaui-target

The realization of overburden removal of PT Samindo Resources Tbk (MYOH) coal throughout 2017 has exceeded the set target. This is shown an increase in volume of 7.4% to 51.6 million bcm over the past year.

Samindo Resources is a holding company that has core business of providing coal mining services, such as overburden removal and coal getting, coal hauling, geological mapping and drilling. The coal mining contract business is run through its subsidiary PT SIMS Jaya Kaltim (SIMS).

Investor Relations of Samindo Ahmad Zaki Natsir, said that the overburden removal activity which is the main revenue source of the company recorded a growth of 7.4% in 2017, compared to the same period of the previous year. The increase in overburden removal volume has exceeded the target set at the beginning of the year.

"The achievement is remarkable in the midst of various obstacles faced by the company in 2017. The main obstacle faced last year was the cessation of operations due to high rainfall. Rainfall also causes an increase in the pile of mud in the pit, so some heavy equipment must be used to move the mud, "Samindo investor Ahmad Zaki Natsir said in a press release received by Investor Daily in Jakarta on Tuesday (23/1).

The increase of overburden removal was obtained from several coal mining services projects of the company, such as increasing the production of overburden from the PT Kideco Jaya Aung mine by 2.5%. Coal mining projects at PT Bayan Resources Tbk (BYAN) have also started to contribute 2.3 million bcm last year. "The donation of the Bayan project is still small due to the construction of a new project starting in mid-2017," he said.

Zaki previously said that Samindo will increase its capital expenditure (capex) target by 343 percent to US $ 13.8 million in 2018. The fund will be used to purchase heavy equipment. The increase in capital expenditure is part of the company's strategy to increase overburden removal and coal production in accordance with the company's agreement with the client.

http://www.beritasatu.com/bisnis/474855-overburden-removal-batubara-samindo-lampaui-target.html

The overburden removal activity conducted by PT Samindo Resources Tbk by the end of 2017 has exceeded the target. Of the predetermined target of 48 million bank cubic meters (bcm) to be 51.6 million bcm.

The company's integrated coal mining service provider in Indonesia also noted that overburden production grew 7.4% last year on an annual basis or year on year (yoy).

Samindo Resources Investor Relation, Zaki said the rise in overburden volume in 2017 also means that the number of overburden Samindo's exceeds the pre-set targets.

The 2017 target could be exceeded because of the addition of a new project with Bayan Group which contributed 2.3 million bcm of overburden. The amount is not too significant because the Bayan project only begins in mid-year.

"In addition, the production of overburden from KIDECO mine also increased by 2.5%," he explained.

According to Zaki, this achievement is encouraging because of various obstacles to inhibit the removal of overburden. As an example, the rainfall is very high during 2017. The puddle of mud in the pit is also automatically increased.

http://investasi.kontan.co.id/news/tambahan-proyek-membuat-jasa-pemindahan-batuan-penutup-samindo-lampaui-target

PT Samindo Resources Tbk (MYOH), a coal mining services company, successfully closed its operations in 2017 with excellent operational performance.

Real Deal Investor MYOH Ahmad Zaki Natsir revealed that the overburden removal activity which is the main source of revenue of the Company grew by 7.4% compared to last year. Rising volume of overburden of the Company in 2017 also means that the number of overburden successfully transported by the Company exceeds the pre-set targets.

Total overburden that successfully transported the Company during 2017 reached 51.6 million bank cubic meters (bcm). In addition to the addition of new projects, the Company with Bayan group, the production of overburden from the KIDECO mine also increased by 2.5%.

Meanwhile, Bayan own project this year contributed 2.3 million bcm of overburden. The amount is not too significant because the Bayan project is only started in the middle of the year.

"This achievement is very remarkable because during 2017, various obstacles have the potential to inhibit the closure of rock covering activities, and high rainfall during 2017 is the greatest challenge to face, besides the cessation of operations during the rain, piles of mud in the pit, automatically increased, so often some heavy equipment must be allocated to move the mud, "he said in an official statement in Jakarta, Wednesday (24/1/2018).

Furthermore, Ahmad Zaki mentioned PT SIMS Jaya Kaltim (SIMS), a subsidiary of the Company in charge of the closing overburden activities that manage the equipment very well during 2017.

As is well known, the Company currently has two active contracts. The new SIMS contract with Bayan group has been started since the middle of last year. This means that some heavy equipment must be allocated to the Bayan project. While during the year 2017 practically no addition of tools.

"This is one proof of the reliability of our subsidiaries in the provision of coal mining services We are facing a difficult situation throughout the year 2017 with weather issues and equipment limitations, but with long experience and hard work, SIMS successfully closed the year 2017 with great good, "he concluded.

https://www.wartaekonomi.co.id/read168487/samindo-resources-catatkan-pertumbuhan-volume-pemindahan-batuan-penutup.html

PT Samindo Resources Tbk (MYOH) is an integrated coal mining service provider in Indonesia, preparing a capital expenditure (capex) of USD13.8 million for 2018. This figure jumped 343% compared to 2017 capex.

Investor Relations of PT Samindo Resources Tbk Zaki said that the capex increase is nothing but one of the company's preparations in response to the increase of target charged by clients in 2018.

As announced by the company, the company's overburden production target has increased by 13%, while coal production has increased by 10%.

"Most of the company's capex is allocated for the purchase of heavy equipment in the activity of overburden removal and coal production," he said in Jakarta, Wednesday (13 / 12/2017).

The Company currently has two active contracts for both activities, namely contract with PT Kideco Jaya Agung and contract with Gunung Bayan Pratama Coal. The Company has successfully reached a new agreement.

The cooperation means that the company will continue the mining services contract with four subsidiaries, PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Eternal (exploratory drilling).

Currently, the process of ordering heavy equipment has been done and is expected in the first quarter of 2018 these tools can already be operated. "The company's management decided to postpone the purchase of heavy equipment, due to the condition of the coal industry that has not been conducive," he said.

Throughout 2017, coal prices are relatively stable compared to several years back and next year is predicted to remain stable. "Therefore, our clients are starting to raise production, which of course positively impacts our annual target," Zaki added.

While related to funding, most of the funding for 2018 capex uses the company's internal cash. This is considering the company has enough internal cash surplus.

Until the third quarter of 2017 the company's cash amount reached USD26, 6 million. While the ratio of total debt of the company itself is currently only about 21% of total current assets.

https://ekbis.sindonews.com/read/1265412/32/capex-samindo-resources-tahun-depan-melonjak-343-1513164927

PT Samindo Resources Tbk (the company), a coal mining coal provider in Indonesia, prepares capital expenditure (capex) funds of USD13.8 million for 2018. The figure has jumped 343 percent compared to its capital expenditure in 2017.

The increase in capital expenditure funds is nothing but a preparation in order to respond to the increase in targets charged by clients in 2018. As previously stated, the target ofoverburden production has increased by 13 percent, while coal production has increased by 10 percent.

"For the last two years Samindo's management has decided to postpone the purchase of heavy equipment due to the unfavorable condition of the coal industry," said Samindo Resources Investor Relations Zaki, in a written statement in Jakarta, Wednesday, December 13, 2017.

Most of the capital expenditure funds are allocated for the purchase of heavy equipment in the activity of overburden removal and coal production. Some heavy equipment that is targeted include dump trucks, excavators, cranes and pumps. Currently there are two active contracts namely contract with PT KIDECO Jaya Agung and contract with Gunung Bayan Pratama Coal.

Currently the process of ordering heavy equipment has been done and is expected in the first quarter of 2018 these tools can already be operated. Throughout 2017 coal prices are relatively stable compared with several years back and next year is predicted to remain stable.

"Therefore our clients begin to increase production, which of course positively impacts our annual target," Zaki said.

In terms of funding, most of the funding for 2018 capital expenditure funds uses internal cash. This is because Samindo has enough internal cash surplus. Up to the third quarter of 2017 cash amount reached USD26, 6 million. While the ratio of total debt is only about 21 percent of total current assets.

http://ekonomi.metrotvnews.com/bursa/GKdQ2oAN-dana-belanja-modal-samindo-naik-343-di-2018

PT Samindo Resources Tbk. (MYOH) is preparing a capital expenditure of US $ 13.8 million next year to boost coal production at the Kideco mine following the renewal of the mining services contract.

Investor Relations PT Samindo Resources Tbk. Ahmad Zaki said capital expenditure (capex) next year amounted to US $ 13.8 million or an increase of 343% compared to this year's capex.

He said the increase in capex is nothing but one of the company's preparations to respond to the increase in targets charged by clients in 2018.

According to him, most of the capex will be allocated for the purchase of heavy equipment on overburden removal and coal production activities.

As for, he continued, some heavy equipment that became the company's target such as dump trucks, excavators, cranes and pump. He revealed that currently the process of ordering heavy equipment has been done and is expected in the first quarter of 2018, the tools can already be operated.

"Lately, the management of the company decided to postpone the purchase of heavy equipment due to the condition of the coal industry that has not been conducive," he said on Tuesday (12/12/2017).

Zaki rate throughout 2017 coal prices are relatively stable compared with several years earlier and next year is predicted to remain stable. Therefore, he continued, the company's clients began to increase production, which of course has a positive impact on the annual target of MYOH.

According to him, most of the funding for 2018's capex will use the company's internal cash. The reason, the company currently has an adequate internal cash surplus.

As for, until the third quarter / 2017, the company's cash amount reached US $ 26.6 million. Meanwhile, the company's total debt ratio is currently only about 21% of total current assets.

http://market.bisnis.com/read/20171212/192/717507/bakal-tingkatkan-produksi-samindo-resources-myoh-siapkan-capex-us138-juta-

Coal prices in 2018 are expected to be stable following commodity price stability in 2017. It encourages clients of PT Samindo Resources Tbk (MYOH), a coal mining contractor, to increase production.

The condition has a positive impact on MYOH next year. Therefore, MYOH management plans to buy heavy equipment and equipment for overburden removal and coal getting activities.

Both activities are mainly carried out at the Kideco mine after the renewal of mining services contracts.

"For the purchase of equipment and equipment, we allocate capital expenditure (capex) of about US $ 13.8 million for next year," said Ahmad Zaki, Investor Relations MYOH, in Jakarta, Tuesday (12/12/2017) ).

Ahmad argued, when compared with the capex MYOH in 2017 of US $ 3.12 million, then the amount of company capex budgeted for next year increased more than threefold.

"The surge in the allocated capex is one of our measures to anticipate the increase of target charged by the company's clients in 2018," said Ahmad.

Ahmad said, heavy equipment to be purchased by the company is dump trucks, excavators, cranes and various types of pumps. The Company has now ordered heavy equipment so it is expected to be operational in the first quarter of 2018.

"Most of the 2018 capex of the company comes from the company's internal cash. The reason is, the company currently has internal cash that is sufficient to finance the capital expenditure, "said Ahmad.

http://www.industry.co.id/read/21279/klien-tingkatkan-produksi-samindo-resources-akan-tambah-alat-berat-pertambangan

PT Samindo Resources Tbk (MYOH) budgeted capital expenditure (capital expenditure / capex) worth US $ 13.8 million in 2018 or grow about 343% of this year's allocation. The funds will be used to finance the purchase of heavy equipment.

Samindo Resources is a holding company that has core business of providing coal mining services, such as overburden removal and coal getting, coal hauling, geological mapping and drilling.

Investor Relations Samindo Ahmad Zaki Natsir said most of next year's capital expenditure comes from internal cash. Based on the financial performance report until the third quarter of 2017, Samindo recorded net cash worth US $ 26.6 million. While the ratio of debt to current assets only reached 21%. "Our internal cash is sufficient to meet the capital expenditure next year," he said through a press release received by Investor Daily in Jakarta on Tuesday (12/12).

He said the increase in capital expenditure is part of the company's strategy to increase overburden removal and coal production volume in line with the company's client demand next year. "The increase in coal selling price in the global market prompted our clients to raise coal production volume, so we need heavy equipment to compensate for the demand," he said.

Some of the heavy equipment that will be purchased by the company are dump trucks, excavators, cranes, and pumps. The Company has made a purchase order and the targeted heavy equipment has been operated by the company in the first quarter of 2018.

The company previously set a target of overburden removal and coal production growth of 13% and 10%, respectively, compared to the realization this year. This increase came from the company's client request, namely PT Kideco Jaya Agung and Gunung Bayan Pratama Coal.

http://www.beritasatu.com/bisnis/468133-samindo-anggarkan-capex-us-138-juta.html

PT Samindo Resources Tbk (MYOH), a coal mining service provider in 2018, which is called as political year, instead plans to increase its capital expenditure (capex) budget. The Company next year will allocate USD13.8 million capex or jumped 343% compared to this year.

Investor Relations of PT Samindo Resources Tbk Zaki said if the skyrocketing capex budget is none other than the preparation of the Company in order to answer the increased target charged by clients in 2018.

"As previously disclosed, the Company's overburden production target has increased by 13%, while the Company's coal production has increased by 10%," he said, in an official statement in Jakarta on Tuesday (12/12/2017).

Later, continued Zaki, most of the capex funds of the Company are allocated for the purchase of heavy equipment on the activity of overburden removal and coal getting. Several heavy equipment targeted by the Company include dump trucks, excavators, cranes, and pumps. The Company currently has two active contracts for the two activities, namely the contract with PT KIDECO Jaya Agung and a contract with Gunung Bayan Pratama Coal. Currently the process of ordering heavy equipment has been done and is expected in the first quarter of 2018 these equipment can be operated.

"For the last two years, the Company's management decided to postpone the purchase of heavy equipment due to the unfavorable condition of the coal industry. In 2017 coal prices are relatively stable compared to several years back and next year is predicted to remain stable. production, which of course has a positive impact on our annual target, "he said.

In terms of funding, most of the funding for 2018 capex will come from the Company's internal cash. This is due to the fact that the Company has sufficient internal cash surplus.

"Up to the third quarter of 2017, the Company's cash amount reached USD26.6 million, while the Company's total debt ratio is currently only about 21% of total current assets," he said.

https://www.wartaekonomi.co.id/read164056/tingkatkan-produksi-batu-bara-capex-myoh-melonjak-343-tahun-depan.html

Ipotnews - Integrated coal mining services company, PT Samindo Resources Tbk, has reached an agreement with PT Kideco Jaya Agung to continue the mining services contract with four of its subsidiaries.

Referring to the agreement with Kindeco, we believe that by 2018 the company's production target will increase every year, as the target for the next six years should be higher than the 2017 target, "said Samindo Resources (MYOH) Investor Relation Ahmad Zaki Natsir in an official statement, in Jakarta, Wednesday (22/11).

The four subsidiaries of MYOH are PT SIMS Jaya Kaltim (coal cover removal and coal production), PT Samindo Utama Kaltim (coal transportation company), PT Trasindo Murni Perkasa (coal hauling company) and PT Mintec Abadi (exploration drilling company ).

According to Zaki, prior to this new agreement, the four subsidiaries have more than 15 years serving Kideco which positively impact the company's financial performance.

Zaki explained that the agreement between the subsidiary MYOH and Kideco mandated that starting 2018, the company's production target should increase every year. One of the agreed points is that the 2017 target will serve as the lower limit in the calculation of the annual target.

In addition to contracts with Kideco, Zaki said, MYOH also pocketed a mid-term contract with Bayan Group for overburden removal and coal production activities. In 2018, the Bayan project contributed positively to the company's operational performance.

We also expect the Bayan project to run well in 2018 and can contribute positively to the company's operational performance, Zaki said.

https://www.indopremier.com/ipotnews/newsDetail.php?jdl=MYOH_dan_Kideco_Sepakat_Lanjutkan_Kontrak_Tambang&news_id=84056&group_news=IPOTNEWS&taging_subtype=BATUBARA-NOTAG&name=&search=y_general&q=batu%20bara,coal,kontraktor%20batu%20bara,penambangan%20batu%20bara,pertambangan%20batu%20bara,perusahaan%20batu%20bara,produksi%20batu%20bara,tambang%20batu%20bara,&halaman=1

PT Samindo Resources Tbk Investor Relations, Zaki said that PT Samindo Resources Tbk successfully reached an agreement with PT KIDECO Jaya Agung to continue the mining service contract with four subsidiaries of PT SIMS Jaya Kaltim, PT Samindo Utama Kaltim, PT Trasindo Murni Perkasa and PT Mintec Abadi. He said that until now the Company's subsidiary has more than 15 years serving PT KIDECO Jaya Agung.

"During managing PT KIDECO Jaya Agung mine, four of our subsidiaries have done a lot of innovations that have an excellent performance impact, as evidenced by the many awards in terms of safety and environmental management of mines received by our subsidiaries." He said in an official statement received by Warta Ekonomi in Jakarta, Tuesday (21/11/2017).

In addition, according to the agreement between the subsidiary of the Company and PT KIDECO Jaya Agung, starting in 2018 the Company's annual production target will continue to increase from year to year.

"Referring to the agreement with PT KIDECO Jaya Agung, we believe that by 2018 the Company's production target will increase every year, as the target for the next six years should be higher than the 2017 target," he said.

The Company has also secured a medium-term contract with Bayan Group for overburden removal and coal production activities.

He also expects the Bayan project to run well in 2018 and can contribute positively to the operational performance of the Company.

https://www.wartaekonomi.co.id/read161791/perlebar-sayap-samindo-targetkan-produksi-akan-naik-setiap-tahun.html

JAKARTA - PT Samindo Resources Tbk. has strengthen its mining contracts with PT Kideco Jaya Agung.

Samindo Resources Investor Relations Ahmad Zaki said the company's subsidiary has signed a contract with PT Kideco Jaya Agung last week.

The agreement, he said, is to continue the mining services contract of PT Kideco Jaya Agung with four subsidiaries of PT Sims Jaya Kaltim, PT Samindo Utama Kaltim, PT Trasindo Murni Perkasa and PT Mintec Abadi.

Based on the agreement, the company's coal production target will increase from 2018 to several years ahead. The reason, the agreement set the achievements of 2017 as a lower limit calculation of the company's annual target.

"The percentage is not specified. Just mentioned no lower than the target in 2017. So, flexible percentage depends on production target Kideco, "he said when contacted Bisnis.com, Monday (20/11/2017).

In addition to Kideco's contract, Zaki added that the company has secured a medium-term contract from PT Bayan Resources Tbk. to undertake the activity of overburden removal and coal getting. Next year, he added, Bayan project will provide a more significant contribution to the operational performance of this MYOH coded stock issuer.

"We expect the Bayan project to run well in 2018 and can contribute positively to the company's operational performance," he said.

Samindo Resources Operational Director Ahmad Saleh revealed that the company's subsidiary, PT SIMS Jaya Kaltim is currently a mining contractor for Kideco.

According to him, under the agreement, SIMS will work on the mine until the mining contract (agreement on coal mining concession / PKP2B) ends in 2023.

"If after that [2023], then we will see. We will deliver a good performance. If our performance is excellent,  definitely we will get extention, "he said.

Ahmad Zaki at that time also revealed that for the mining services contract in Kideco is until 2023. But indeed after 2023, it is not yet know because there are many schemes and options.

"There are many schemes and a lot can happen. But, SIMS has 15 years in Kideco. If the portion is taken, other contractors need adjustment, "he said.

http://market.bisnis.com/read/20171120/192/711010/myoh-perkuat-kontrak-tambang-kideco

Jakarta - An integrated coal mining services company in Indonesia, PT Samindo Resources (Tbk) announces an agreement with PT KIDECO Jaya Agung to continue the mining services contract.

The contracts for four subsidiaries are PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal hauling), PT Trasindo Murni Perkasa (coal hauling) and PT Mintec Abadi (exploration drilling)

"Samindo's subsidiary until now has more than 15 years serving PT KIDECO Jaya Agung," said Zaki, Investor Relations Samindo Resources, through a press release received Kontan.co.id, Monday (20/11).

During managing KIDECO Jaya Agung mine, the company's four subsidiaries have done many innovations that have an impact on excellent performance.

Based on the agreement between Samindo subsidiary and PT KIDECO Jaya Agung, starting in 2018 Samindo's annual production target will increase every year. One of the agreed points is that the 2017 target will serve as the lower limit in calculating Samindo's annual target in the future.

Zaki said, the agreement can be ascertained in the next few years Samindo production target will continue to increase from year to year.

Apart from the contract with KIDECO Jaya Agung, Samindo has also secured a medium-term contract with Bayan Group for overburden removal and coal production activities. In 2018 the Bayan project will contribute significantly to Samindo's operational performance.

"Referring to the agreement with KIDECO Jaya Agung, we believe that starting in 2018 Samindo's production target will increase every year, because the target for the next six years should be higher than the target in 2017," he explained.

As for Zaki, it also hopes the Bayan project runs well in 2018 and can contribute positively to Samindo's operational performance.

http://industri.kontan.co.id/news/samindo-kantongi-lagi-kontrak-dengan-kidecobayan

Samindo runs the four production activities through four subsidiaries, PT SIMS Jaya Kaltim, PT Trasindo Murni Perkasa, PT Samindo Utama Kaltim and PT Mintec Abadi.

PT Samindo Resources succeeded in reaching an agreement with PT Kideco Jaya Agung to continue the mining services contract with four subsidiaries, namely PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Trasindo Murni Perkasa (coal hauling), PT Samindo Utama kaltim (coal hauling) and PT Mintec Abadi (exploration drilling).

Samindo's subsidiary until now has been more than 15 years serving PT Kideco Jaya Agung. During the management of PT KIDECO Jaya Agung mine, four of our subsidiaries have done many innovations that have an impact on excellent performance.

Based on the agreement between the Company's subsidiary and PT Kideco Jaya Agung, starting in 2018 the Company's annual production target will increase every year. "The target is about 5% -10% increase," said Ahmad Zaki Natsir, Investor Relation of PT Samindo Resources Tbk.

One of the agreed points is that the 2017 target will serve as the lower limit in the calculation of the Company's annual targets in the future. The agreement can be ascertained in the next few years Samindo production target will continue to increase from year to year.

Apart from the contract with PT Kideco Jaya Agung, Samindo has also secured a medium-term contract with Bayan Group for overburden removal and coal production activities. In 2018, the Bayan project will make a more significant contribution to Samindo's performance.

Referring to the agreement with PT Kideco Jaya Agung, Ahamd believes, starting in 2018 its production targets will increase every year, considering the target for the next six years should be higher than the target in 2017. "We hope the Bayan project runs well in 2018 and can contributed positively to the Company's operational performance, "said Zaki, and by the end of 2017 Samindo targets to produce 48 million bank cubic meters (bcm) and 10 million tons of coal.

https://swa.co.id/swa/trends/management/2018-samindo-targetkan-tingkatkan-produksi

Jakarta - PT Samindo Resources Tbk (MYOH) through its four subsidiaries succeeded in securing a further agreement on coal mining services contract with PT Kideco Jaya Agung. The advanced contract also regulates increased production every year.

The four subsidiaries of the company are PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal transport), PT Trasindo Murni Perkasa (coal hauling), and PT Mintec Abadi (exploration drilling).

Samindo Resources Investor Relations Ahmad Zaki Natsir said the contract renewal agreement with Kideco stipulates that coal production targets will be raised annually since 2018. "One of the contract renewal points is that coal production in 2017 will serve as a lower limit in the calculation of annual targets the company in the future, "he said through a press release received in Jakarta, Monday (20/11).

He said, on the agreement can be ascertained that the production volume of overburden removal and coal of the company is certain to increase every year. This is expected to have a positive impact on the company's financial performance in the long term.

"Referring to the company's agreement with Kideco, we believe the company's production target will increase every year starting from 2018," he explained.

The Company also previously secure a medium-term contract with Bayan Group for overburden removal and coal getting activities. According to him, the Bayan coal mining project is targeted to contribute significantly to the company's operational performance starting 2018.

The Company previously signed a coal mining contract with a subsidiary of PT Bayan Resources Tbk (BYAN) for a period of up to 2019. The new contract provides a 6 million bcm overburden every year.

Based on the signed contract, the company is targeted to produce cover rock from the Bayan project of 2.6 million bcm by the end of this year. As of September 2017, the overburden volume generated from the mine has reached 1.3 million bcm, leaving 1.3 million bcm in the fourth quarter of this year.

Samindo Resources is an investment holding company with core competencies in the provision of coal mining services, such as overburden removal and coal getting, coal hauling, geological mapping and drilling.

http://www.beritasatu.com/bisnis/464540-samindo-perpanjang-kontrak-penambangan-batubara-kideco.html

Jakarta - PT Samindo Resources Tbk (the company) which is a coal mining service provider company, has reached an agreement with PT KIDECO Jaya Agung to continue the mining services contract with four subsidiaries. This cooperation is expected to benefit each side.

The four subsidiaries are PT SIMS Jaya Kaltim (overburden removal and coal getting), PT Samindo Utama Kaltim (coal hauling), PT Trasindo Murni Perkasa (coal hauling), and PT Mintec Abadi (exploration drilling).

Samindo's subsidiary until now has more than 15 years serving KIDECO Jaya Agung. During the management of KIDECO Jaya Agung mine, four of Samindo's subsidiaries have made many innovations that have an impact on performance. Hopefully this kind of thing can continue in the future.
Investor Relations Samindo Resources Zaki refers to the agreement with KIDECO Jaya Agung, Samindo sure that by 2018 the production target will increase every year. The conviction comes because the target for the next six years should be higher than the 2017 target.

Investor Relations Samindo Resources Zaki refers to the agreement with KIDECO Jaya Agung, Samindo sure that by 2018 the production target will increase every year. The conviction comes because the target for the next six years should be higher than the 2017 target.

"We also expect the Bayan project to run well in 2018 and can contribute positively to the operational performance of the Company," said Zaki, in a written statement, in Jakarta on Monday, November 21, 2017.

Based on the agreement between subsidiary company with KIDECO Jaya Agung, starting 2018 annual production target will increase every year. One of the agreed points is that the 2017 target will serve as the lower limit in the calculation of future targets in the future. On the agreement it is certain that production targets will continue to increase from year to year.

Apart from the contract with KIDECO Jaya Agung, the company has now secured a medium-term contract with Bayan Group for overburden removal and coal production activities. In 2018 the Bayan project will contribute significantly to the company's operational performance.

http://ekonomi.metrotvnews.com/energi/yKXVGZ6b-samindo-resources-yakin-produksi-terus-naik

JAKARTA - PT Samindo Resources Tbk (MYOH) is optimistic that mining service business performance will be positive this year.

The Company has developed many innovations as a provider of coal mining services with PT Bayan Resources Tbk and with KIDECO. Director of Operations MYOH Ahmad Saleh said in the third quarter of this year it seeks to boost the production of overburden removal that had stalled during the first half of 2017 in two major locations.

Until the end of third quarter 2017, through its contract with Bayan, the company coded MYOH issuers is targeting can do overburden removal production up to 2.6 million bcm. "Until the end of the third quarter the company's performance has started positive.

The proof, the production that has been done in Bayan has reached 1.3 million tons bcm, "he said in Jakarta yesterday. He explained his target of 2.6 million tonnes of bcm this year. So, still less about 1.3 million bcm again. Divided by three months, about 400,000 bcm per month.

But the achievement in September to 500,000 bcm. MYOH's coal mining services contract with Bayan Resources will end in 2019. He hopes with a positive MYOH performance and can complete its performance on target, the contract can be renewed again.

The overburden removal contract targeted to 2019 reached 15 million bcm. "If we look at our good performance, that the progress of our target achievement can be completed, there is possibility we can upgrade according to our achievement," he said.

In addition to contracts from Bayan Resources, a 15-year project in Kideco has also begun improvements after decreasing intensity of rainfall and the impact of strategic in-pit dumping areas that are beginning to produce positive results.

He revealed that the coal production target in Kideco through Samurangau mining area this year reaches 40 million tons and Roto Nort mining area reaches 8 million tons per year. "Now the realization reaches 75% of the target," he said.

The Company continues to expand its wings through businesses other than its core business as an integrated coal mining service provider. Until now the company is still exploring the acquisition of coal mines. Especially Mine Mouth Coals Mine and the construction of Mine Mouth Steam Power Plant (PLTU) .

http://koran-sindo.com/page/news/2017-10-21/2/3/Samindo_Dorong_Produksi_Batubara

JAKARTA - PT Samindo Resources Tbk (MYOH) is optimistic that mining service business performance will be positive this year. The Company has developed many innovations as a provider of coal mining services with PT Bayan Resources Tbk (BYAN) and with Kideco.

Director of Operations MYOH Ahmad Saleh said, in the third quarter of 2017 it seeks to boost the production of overburden removal that had stalled during the first half of 2017 in two major locations. Until the end of the third quarter / 2017, through its contract with Bayan, the company coded MYOH issuer is targeting to do the production of overburden removal up to 2.6 million bcm.

"Up to the end of Q3, the company's performance has started positive," he said, Jakarta, Thursday (10/19/2010). "The production that has been done in Bayan has reached 1.3 million tons bcm," he said.

He explained that the target is 2.6 million tonnes of bcm this year. So still less about 1.3 million bcm again. Divided by three months, about 400,000 bcm per month, but the achievement in September to 500,000.

The MYOH coal mining service contract with Bayan Resources will end in 2019. He hopes, with a positive MYOH performance and can complete its performance on target, the contract can be extended again. The overburden removal production contract targeted to 2019 reached 15 million bcm.

"Due to our good performance, we are confident the target can be completed, there is possibility we can upgrade our contract according to our achievement," he said.

In addition to contracts from Bayan Resources, a 15-year project in Kideco has also begun improvements after decreasing intensity of rainfall and the impact of strategic in-pit dumping areas that are beginning to produce positive results.

For your information, the coal production target in Kideco through Samurangau mining area this year reaches 40 million tons and Roto Nort mining area reaches 8 million tons per year. "Now the realization reaches 75% of the target," he said.

For information, the MYOH contract with Kideco will expire in 2023. However, Zaki is optimistic his contract can be re-extended. The reason, MYOH already very familiar with the mine in both pit.

"Because we have 15 years so there is very familiar and experience, so if our role is taken, other contractors automatically need adjustments," he added.

The Company continues to expand its wings through other businesses aside from its core business as an integrated coal mining service provider. until now, the company is still exploring the acquisition of coal mine land. Especially coal mine mouth and development of Steam Power Plant (PLTU) Mine Mouth.

He mentioned, since two years ago it is still looking for coal mining area to be acquired. Moreover, Samtan Co Ltd as MYOH's shareholder has ordered MYOH to seek other business opportunities outside of the current one.

Saleh said the company is already having to expand its business with a different core business. "We have just come to two mine sites in Central Kalimantan and East Kalimantan, for those two mines there is no certainty yet, and there is no due diligence," he explained.

Since there is no agreement whatsoever, then he can not say how much the investment value will be issued his company. Including, when the acquisition will be completed.

The acquisition of this mine as a form of MYOH support in building Mine Mouth Power Plant (PLTU) Mine. Later the mine will be used as a power supply.

https://ekbis.sindonews.com/read/1249889/34/myoh-optimistis-lampaui-target-berkat-proyek-bayan-resources-1508410714/13

Warta Ekonomi.co.id, Jakarta - PT Samindo Resources Tbk (MYOH), an integrated coal mining company in Indonesia, succeeded in boosting the production of overburden removal that had stalled during the first half of 2017.

Samindo Resources Investor Relations, Ahmad Zaki Natsir revealed that this happened after Samindo's new project in Bayan group which since mid-2017 finally rolled out.

"Up to the end of this third quarter, the number of overburden removal produced by Samindo has reached 35.8 million bank cubic meters (bcm) or increased by 2.4 percent," he said in an official statement in Jakarta on Thursday (19/10/2017).

Zaki said when referring to the contract, until the end of 2017 the production of overburden removal from the Bayan project is targeted at 2.6 million bcm. Until recently, a total of 1.3 million bcm of cover rock has been produced from the Bayan project. This means that up to three months remaining 1.6 million bcm of cover rocks must be generated to reach the target.

In addition to the additional cover of new contracts, the KIDECO project is also beginning to show improvement. Rainfall that began to decrease in intensity and the impact of the strategy "in pit dumping area" also began to give a positive result. Of the two pits done by Samindo, one of the pits began to record positive results since entering the third quarter.

"We managed to show excellent performance in Bayan, even in September our production exceeded the target set.In the first few months it was very heavy because in the last 15 years this is the first time we work outside of KIDECO mine, but we has proven it with a very good achievement, "he concluded.

https://www.wartaekonomi.co.id/read158154/produksi-samindo-resources-meningkat-24-di-kuartal-iii.html

KONTAN.CO.ID - JAKARTA. PT Samindo Resources Tbk in the third quarter of this year seeks to boost overburden removal production that had stalled during the first half of 2017, through its coal mining service contract with PT Bayan Resources Tbk and with KIDECO.

Until the end of third quarter 2017, through its contract with Bayan, the company coded MYOH issuers is targeting can do overburden removal production up to 2.6 million bcm.

Investor Relations MYOH, Zaki said, until at the end of Q3 the company's performance has started positive. The evidence, the production that has been done in Bayan has reached 1.3 million tons bcm.

"Based on targeted 2.6 million tonnes of bcm will be complete at the end of this year. So still less about 1.3 million bcm again Divided by three months, about 400,000 bcm per month. As of September we reach 500,000 bcm, "he explained in Jakarta, Wednesday (17/10).

For your information, MYOH's coal mining services contract with Bayan Resources will end in 2019. He hopes, with MYOH positive performance and  can complete its performance with the target, then the contract can be renewed again.

The contract of overburden removal targeted until 2019, reaching 15 million bcm. "If we see from our good performance, that the progress of our target achievement can be completed, there is the next possibility we can upgrade according to our achievement," he said.

In addition to contracts from Bayan Resources, a 15-year project in Kideco has also begun to improve after decreasing intensity of rainfall and the impact of strategic in-pit dumping areas that are beginning to produce positive results.

Just so you know, the coal production target in Kideco through Samurangau mining area this year reaches 40 million tons and Roto Nort mining area reaches 8 million tons per year.

"Now the realization reaches 75% of the target," he said.

For information as well, the MYOH contract with Kideco will also end up knowing 2023. However, Zaki is optimistic the contract will extend. The reason, MYOH already very familiar field in both pit.

"Because honestly, we have been there for 15 years we are very familiar and experience, so if the portion is taken, other contractors automatically need adjustments," he said.

http://industri.kontan.co.id/news/samindo-resources-yakin-produksi-sesuai-target

JAKARTA. PT Samindo Resources Tbk (MYOH) prepares to search for coal mines to be acquired in the second half of the year. Ahmad Zaki Natsir, MYOH Investor Relation, said that currently there are three mines being explored by the company.

He explained that MYOH is preparing US $ 100 million for the acquisition plan. This funding will be obtained from internal cash and external loans. MYOH prioritizes medium-calorie coal mines in East Kalimantan.

MYOH is indeed doing a number of business diversification to strengthen its performance. In addition to exploring the coal mining business line, the mining services company is also aiming for power projects.

However, Zaki said that the plan to expand the electricity project seems to have to be postponed. This is because the tender for power projects by the State Electricity Company (PLN) targeted by MYOH is over. "So this year, there is no new tender that we will follow," he said to KONTAN, not long ago.

He said the expansion of electricity projects will still be done for the long term. MYOH has prepared funding of approximately US $ 25 million to get a share of equity in the participation of power plant projects. The company is eyeing the 200 MW-500 MW power plant projects, located near the company's base of operations.

MYOH also retains revenue from its core business in mining services. Not long ago, MYOH got a new contract with one of subsidiaries of PT Bayan Resources Tbk (BYAN).

From the new contract, MYOH has an opportunity to obtain an additional 2.7 million bcm of overburden volume by the end of 2017. In the contracts valid until 2019, MYOH will get an additional 6 million bcm of overburden annually. But that number can not be fully realized in this year, because the new project will begin in mid-year.

Previously, MYOH target overburden could rise to 50.7 million bcm, or an increase of 5.6% compared to production in 2016.

Until last May, the total overburden produced has reached 19.4 million bcm or 40% of the target. Therefore, MYOH will start buying equipment to increase its production. "Funds for equipment spending is estimated at US $ 10 million," said Zaki.

http://investasi.kontan.co.id/news/tunda-proyek-listrik-myoh-siapkan-akuisisi-baru

Bisnis.com, JAKARTA - PT Samindo Resources Tbk. (MYOH) expanded to enter the renewable energy business through the construction of solar power plants. The company is targeting 3 projects in Sumatra.

Kim Jung Gyun, President Director of MYOH said Samtan Group wants to build a new business in Indonesia in the power sector through Samindo Resources.

Electricity sector is meant for coal-fired steam power plant, mine mouth power plant, and solar power plant (PLTS). The reason, he revealed if the group also has the ability in the field of development of the PLTS.

"Therefore, we also participate in this PLTS tender," he said on Wednesday (26/7/2017).

Former Director of Marketing Samtan Co. Ltd., stated that the company is very interested in renewable energy, as well as with the group. Although, he added, the development of PLTS is still facing the challenge of the project economy.

However, MYOH believes that in the next 20 years, the opportunity to utilize renewable energy in Indonesia is very good and gradually the problem of project economy will decrease.

Meanwhile, Director of Marketing MYOH Lee Young Soo confirmed if the company is very interested to enter the PLTS business. Therefore, when a tender from PT PLN (Persero) some time ago, the company immediately took part.

"So we're still waiting for that. In the tender we joint with other South Korean companies. But this [partner] is not part of the group, "he said.

He revealed that of the six projects offered by PLN in the PLTS tender in Sumatra, the company is targeting three projects with total capacity below 100 megawatts (MW).

According to him, the need for funds to build PLTS of US $ 1 million per MW. However, to produce 1 MW of photovoltaic PLTS it takes approximately 1.5 hectares of land.

http://market.bisnis.com/read/20170726/192/675314/myoh-masuki-bisnis-energi-terbarukan

Bisnis.com, JAKARTA - PT Samindo Resources Tbk. (MYOH) is increasingly serious in its plan to acquire coal mines to smooth coal-fired power plant projects.

MYOH President Kim Jung Gyun said the Samtan Group is currently targeting several coal mines. In addition to Indonesia, the group is also eyeing a mine in Australia.

However, he continued, the company will only focus on the acquisition of coal mines in Indonesia. Only, he considered the investment for the plan requires large funds and takes time.

"Therefore, we are reviewing it before making a decision, we see some mines," he said on Wednesday (26/7/2017).

The company, he added, is looking for a coal mine that has large reserves so that the funding needs are estimated to be large. Therefore, the company needs time to review it before making a decision.

MYOH Operational Director Ahmad Saleh said the mine acquisition plan is expected as soon as possible. He considered the company should have its own mine.

The effort, he added, to smooth the entry into coal steam power plant business (PLTU) coal which is currently government policy leads to PLTU Mulut Tambang.

"Inevitably, we must have our own mine, or partners to be able to do this," he said.

http://market.bisnis.com/read/20170726/192/675328/perkuat-proyek-pltu-myoh-seriusi-akuisisi-tambang

JAKARTA. PT Samindo Resources Tbk (MYOH) introduced two new directors on Wednesday (26/07). Kim Jung Gyun, served as president of MYOH. While Ahmad Saleh was appointed as an independent director.

Previously, Kim Jung Gyun was director of sales and marketing at Samtan Co Ltd, Samindo Resources's parent company headquartered in South Korea. While Ahmad Saleh was an operational director at PLN Batubara.

"Looking at previous work, Kim Jung Gyun and Ahmad Saleh have appropriate backgrounds with PT Samindo Resources," said Ahmad Zaki Natsir, Investor Relations at Samindo Resources.

Looking ahead, Kim Jung Gyun revealed that Samindo will be more focused on working on power plant projects and various coal-related projects.

http://industri.kontan.co.id/news/samindo-memperkenalkan-dua-direktur-baru

Ipotnews - Together with South Korean company, PT Samindo Resources Tbk is targeting 100 megawatt solar power plant (PLTS) project with investment value of about US $ 100 million.

According to President Director Samindo Resources [MYOH 680 0 (+0.0%)], Kim Jung Gyun, the 100 MW capacity plant comprises three projects in Sumatra. Currently, the company is following the pre-qualification process of tender at PT Perusahaan Listrik Negara (PLN). "There are six projects tendered, we will take three projects," Kim said during a discussion on "Media Meetings: MYOH Performance and Projection 2017 Exposure" in Jakarta, Wednesday (26/7).

However, Kim is reluctant to name the company that will be a partner on the project. However, he stated that the South Korean company is a large corporation in the field of electricity generation.

Kim said Samindo's efforts to enter the renewable energy sector are in line with MYOH's business diversification strategy. "So far revenue is still dominated by business contracts from sister companies," he added.

He further said that currently MYOH's parent company, Samtan Co Ltd is very interested in the renewable energy power business business, so the company seeks to enter the business.

In the same place, Samindo Business Development Officer Leonardo Beniartho explained that the consortium needs US $ 100 million to work on the entire PLTS project. "Every 1 MW, Samindo and its partners will invest about US $ 1 million," he explained.

Investment in PLTS, he added, is cheaper than the investment of coal-fired steam power plants that could reach US $ 1.5 million for every 1 MW. "But the PLTS project needs a much wider field for project development," he added.

In order to work on the project, Kim continued, the company will not raise funds from the capital market or bank loans. "Our parent will support, even in our financial statements our capital structure is still very strong.We will not increase debt in 2017," said Kim

https://www.ipotnews.com/m/article.php?jdl=Bidik_Proyek_PLN__Samindo_Resources_Ancang_ancang_Dana_USD100_Juta&level2=newsandopinion&id=5065853&img=level1_topnews_3

JAKARTA, KOMPAS.com - PT Samindo Resources Tbk to expand business to renewable energy projects. Samindo targeted a 100 megawatt solar power plant (PLTS) project tendered by PT PLN (Persero).

Samindo Resources President Director Kim Jung Gyun said that the company is entering the renewable energy generation sector in line with Samindo's business diversification strategy.

"We want to diversify our business so far the revenue is still dominated by the business contract of the sister company," Kim said in a written statement on Friday (28/07/2017).

The opportunity to utilize renewable energy in Indonesia is believed to be very good. Moreover, the Indonesian government is committed to developing renewable energy. Therefore, this sector has great potential to work on.

"Our energy business in Indonesia is still in its early stages, we are continuing to prepare it from now on," Kim said.

This year, Samindo Resources has re-filed three PLTS projects in Sumatra. Tender three projects with packages 2, 3 and 5. Package 2's 35 MW in North Sumatra, package 3 of 33 MW in Riau and Bangka Belitung and package 5 South Sumatra and Jambi at 28 MW.

"For the development of PLTS, the need for funds to build a PLTS of 1 million US dollars (US) million per MW," lid Kim.

Not only PLTS, Samindo Resources also plans to take part in the tender of gas power plants (PLTG).

http://ekonomi.kompas.com/read/2017/07/28/130000126/ekspansi-bisnis-samindo-resources-sasar-energi-terbarukan

JAKARTA - PT Samindo Resources Tbk (MYOH) is preparing to expand its renewable energy project. The Company is partnering with a South Korean company, targeting a 100 megawatt solar power plant (PLTS) project with an investment value of approximately USD100 million.

MYOH President Director Kim Jung Gyun said it wants to diversify the business. The company, with its main business of coal mining, began exploring the renewable energy sector. He said business diversification needs to be done because coal is a non-renewable natural resource.

"We are diversifying our business due to the negative trend in coal price , renewable energy is potential in the future," Kim said in a press conference in Jakarta on Thursday (7/27/2017).

According to him, Samindo's efforts to enter the renewable energy sector are in line with MYOH's business diversification strategy. "So far revenue is still dominated by business contracts from our sister companies," he added.

He further said that currently MYOH's parent company, Samtan Co Ltd is very interested in the renewable energy power business business, so the company seeks to enter the business.

Renewable energy become the prime target since the Indonesian government is considered committed to develop it. Thus, this sector has great potential for cultivation. "We must continue to grow the business, and we are very enthusiastic about renewable energy," he said.

The company plans to target 100 MW power plant which is divided into three projects in Sumatra. Currently, the company is following the pre-qualification process of tender at PT Perusahaan Listrik Negara (PLN). However, Kim is reluctant to mention the name of the company that will be a partner on the project.

It's just that the company from south korea is a large corporation in the field of power plants. "There are six projects tendered, we will take three projects," he said.

Samindo Business Development Officer Leonardo Beniartho explained that the consortium needs US $ 100 million to finance the entire PLTS project. "Every 1 MW, Samindo and his partner will invest about USD1 million," said Leonardo.

Investment in PLTS is considered cheaper than the investment of coal-fired steam power plants that can reach USD1, 5 million for every 1 MW. "But the PLTS project needs a much wider field for project development," he said.

In order to work on the project, the company will not raise funds from the capital market or bank loans. "Our parent will support even our financial statements show that our capital structure is still very strong, we will not increase debt in 2017," he said.

On the occasion, the company also introduced two new directors, Kim Jung Gyun, who served as president of MYOH. While Ahmad Saleh was appointed as an independent director.
 
Previously, Kim Jung Gyun was director of sales and marketing at Samtan Co Ltd, Samindo Resources's parent company headquartered in South Korea. While Ahmad Saleh was an operational director at PLN Batubara.

In the future, Kim revealed that Samindo's strategy will be more focused on working on power plant projects and various coal-related projects.

Currently, there are two new business lines being explored. First, it has its own coal mine. Second, entering the electricity business sector.

Samindo will not pursue high coal targets. The reason, the price of coal that rebounded since late last year has the potential to return to pressure.

Clearly, the company has an option for integral business development with core business now, which is engaged in the coal mining sector.

https://ekbis.sindonews.com/read/1224563/34/myoh-siapkan-diversifikasi-ke-sektor-energi-terbarukan-1501146036/13

Metrotvnews.com, Jakarta: PT Samindo Resources Tbk (MYOH) is expanding into renewable energy projects. Samindo is targeting a 100 megawatt (MW) Solar Power Plant (MW) project. In this project, the company will collaborate with company from South Korea.

In this case, the company immediately took part when there was a tender from PT Perusahaan Listrik Negara (Persero) some time ago. The step is expected to contribute positively to the availability of energy in the country.

Samindo Resources President Director Kim Jung Gyun said we wants to diversify the business. According to him, Samindo's efforts to enter the renewable energy generation sector are in line with Samindo's business diversification strategy.

"So far revenue is still dominated by business contracts from sister company," he said, in his written statement, in Jakarta, Friday, July 28, 2017

Samindo believes that the opportunity to utilize renewable energy in Indonesia is very good and slowly the issue of project economy value will decrease. Samindo sees the Government of Indonesia committed to developing renewable energy. Therefore, this sector has great potential for cultivation.

This year, we re-submitted three PLTS projects in Sumatra. The three project tenders are called packages 2, 3 and 5. For package 2 it is 35 MW in North Sumatra, package 3 of 33 MW in Riau and Bangka Belitung and package 5 South Sumatera and Jambi at 28 MW. In the development of PLTS, the funding requirement for USD1 million per MW.

In addition, the company also plans to participate in the tender of PLTG. Samindo's energy business in Indonesia is still in its infancy. The Company continues to prepare it from now on. So when business will be booming will be utilized larger.

REPUBLIKA.CO.ID, JAKARTA - PT Samindo Resources Tbk decided to diversify its business. The company, with its main business of coal mining, began exploring the renewable energy sector.

Samindo Resources President Director Kim Jung Gyun said business diversification needs to be done because coal is a non-renewable natural resource. "So it can not last forever," Kim said when talking with media crews, in Jakarta, Wednesday (26/7).

Renewable energy become Samindo target since the Indonesian government is considered committed to develop it. So, Kim said, this sector has great potential to work on.

"We must continue to grow the business, and we are excited about renewable energy," he said.

Kim said, Samindo is eyeing the development of solar power plants (PLTS) which worked on PT Perusahaan Listrik Negara (Persero) or PLN. Samindo has even participated in a tender process for a number of PLTS with a capacity of under 100 megawatts to be developed in Sumatra.

Independent Director of Samindo Resources Ahmad Saleh recounts, the company since the beginning is often to diversify the business. "Initially we started in mining services, then went into drilling, transportation, and now are exploring renewable energy," Saleh said.

Saleh is optimistic that renewable energy will be a promising sector. Moreover, the government is targeting a renewable energy mix of 23 percent by 2025. The energy mix target is even increased to 35 percent by 2050.

"Coal energy has been reduced so that its use will be smaller, therefore, renewable energy should be developed," said Saleh.

http://www.republika.co.id/berita/ekonomi/energi/17/07/27/otpjsa416-samindo-resources-rambah-sektor-energi-terbaruka

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.

http://market.bisnis.com/read/20161006/192/589896/produksi-batu-bara-samindo-resources-myoh-capai-59-juta-ton

Bisnis.com, JAKARTA – Coal mining contractor PT Samindo Resources Tbk is starting to look into the electricity business with capacity up to 1,000 Megawatt due to the low price of commodity.

Soemarno Witoro Soelarno, Director of Samindo Resources said that the loss inflicted from the coal business due to the low price of commodity could be covered if the Company engaged in electricity business. The construction of steam generator electricity is a solution to boost the Company’s revenue.

“Capacity with 100 MW – 200 MW will be self-managed. Over such capacity until 1,000 MW will be done with consortium” he said after the public expose Tuesday (3/5/2016).

Company with ticker code MYOH is targeting to grasp ownership up to 20% if conducting a joint venture. At this moment, many local companies are conducting feasibility view with the Company to build a joint power plant with the Company.

The construction of the steam power plant is projected to be at the mouth of the mine. The Company is also targeting to acquire coal mine with reserved of more than 200 million tons to satisfy the needs of such power plant.

Investor Relation Samindo Resources Ahmad Zaki Natsir said that the Company will expand its wings to the palm plantation and electricity businesses. It is targeted that the electricity is to complete the feasibility period by the end of this year.

“Plantation is more speedy, targeted location is in Kalimantan, Sumatra, Bengkulu, Bangka” he said.

Funds to expand in the palm plantation and electricity sectors is certainly not coming from capital expenditure. In this year, the Company allocates US$2.4 for operational purpose.

In this year, the Company aims to settle the bank loan up to US$33.5million, with achievement US$13.5million in April 2016. By the end of the year, it is projected that MYOH bank loan will remain US$20million.

In the Q1/2016, the Company recorded a decreasing 11% overburden removal to 11.9million bcm from 13.4million bcm in last year. Coal hauling also decreased 5% becoming 7.5million tons from 7.9million tons.

“However, coal getting increased 11% to 3 million tons from 2.7million tons. Production target in the first 3 months reached 2.3million tons. All is over the target” he said.

http://market.bisnis.com/read/20160504/192/544510/aksi-myoh-samindo-resources-kepincut-bisnis-listrik-1.000-mw

Bisnis.com, JAKARTA – Coal service mining contractor, PT Samindo Resources Tbk (MYOH) recorded a jump in the net profit by 25% becoming US$12.19million from previous one of US$9,75 million due to supported by the exchange rate differences.

The released financial statement, Wednesday (24/8/2016) mentioned that the exchange rate difference from the financial statement translation reached US$2.04million in the first half 2016. However, a year before the Company suffered exchange rate loss US$2.63million.

Putting into detail, the Company’s revenue with ticker code MYOH is being corrected 11.02% becoming US$94.67milion in the first half from US$107,43million.

However, the Company managed to suppress the cost of revenue by 16.07% becoming US$75.31million from US$89.73million. Thus, the gross profit obtained by the Company increased by 9.4% becoming US$19.35million from US17.69million.

Income before tax pocketed by the Company also increased by 23.99% becoming US$16.52million from US$13.32 million. Profit for the year jumped 25.01% becoming US$12.22million from US$9.77million.

http://market.bisnis.com/read/20160825/192/578183/kinerja-myoh-tertolong-kurs-laba-samindo-resources-melonjak-25

Until 30 June 2016, Samindo’s total asset reached US$150.53 million lower than last year of US$161.23million. Liabilities was suppressed becoming US$50,94 million, and equity increased by US$99.58million from US$93.34million.

http://market.bisnis.com/read/20160825/192/578183/kinerja-myoh-tertolong-kurs-laba-samindo-resources-melonjak-25

Bisnis.com, JAKARTA – PT Samindo Resources Tbk (MYOH) is accelerating the loan repayment to reduce the level of financial risk as well as to lower the interest expense.

Lee, Kang Hyeob President Director of Samindo Resources said the portion of loan repayment is done by the subsidiary, PT SIMS Jaya Kaltim on 8 April 2016.

“The settlement of loan amounting US$11.5 million is to KEB Hana Bank,” he said during the information disclosure in PT Bursa Efek Indonesia, Tuesday (12/4/2016).

He also said that the Company also made a loan settlement on behalf of PT Samindo Utama Kaltim worth of US$2 million to KEB Hana Bank. Such amount is equal to 14.5% of the Company’s total equity.

He stated that the partial loan settlement is part of the Company’s policy to lower the financial risk as well as reducing interest expense.

In its financial statement the Company with ticker code MYOH, the net profit rised by 9.52% from previous US$22.58million becoming US$24.73 million. Company’s revenue in last year decline 11.43% from US$254.43 million becoming US$228.33million.

However, Samindo coal enlisted company – is able to lower the cost of revenue by 61.51% from previously US$216,52 million becoming US$134,06 million.

Last year, MYOH suffered the bloated exchange rate loss by 262.71% from US$595,000 into US$2.14million. however, the exchange rate difference as a result financial report translation jumped by 221.48% from previous US$1.21million becoming US$3.89million.
Nevertheless, the Company’s bank loan shrunk 25.36% from US$22million to US$17.55million. While the trade payables decreased 28.87% from US$19.73 to US$15.31million.

Liability decreased by 21.7% from US$82.61 million to US$67.88 million. Company’s assets decreased by 7.96% compare to last year from US$163.27 million to US$151.23 million.

From such amount, current assets increased 4.29% from US$81.83 million to US$85.34 million. On the contrary, the non-current asset decerased 7.3% from US$81.44 million to US$75.90 million.

http://market.bisnis.com/read/20160412/192/537282/samindo-resources-myoh-percepat-pelunasan-utang

Bisnis.com, JAKARTA – Coal mine company PT Samindo Resources Tbk (MYOH) succeeded to record increase of net profit attributable to parent entity by 9.5% to US$24.68 million equivalent to Rp340.53 billion (E/R Rp13.795 for US$1) for the year 2015 from the previous US$22.54 million.

Corporate Secretary of Samindo Resources Hananto Wibowo said that the revenue obtained by the Company is adjusted by 11.06% to US$226.33 million from the previous year of US$254.94 million.

“The positive performance feels very much different since such result was achieved by the Company amidst coal industry is experiencing negative trend,” he said in official statement, Wednesday (16/3/2016).

Although suffering decreased in revenue, the Company’s cost of revenue was also suppressed 15.03% to US$184.06 million US$216.62 million. Accordingly, the gross profit obtained by the company with ticker code MYOH increased by 11.62% to US$42.27 million from US$37.86 million.

Despite the above, the exchange rate loss increased sharply 260% to US$1.41 million from previously US$595,134. Thus, shaping the profit before tax to increase only 10.22% to US$33.48 million from US$30.38 million.

Profit for the year achieved by MYOH in 2015 is amounting US$24.73 million, increased 9.5% from last year US$22.58 million. Earnings per share increased 9.8% to US$.0112 from US$0.0102.

Total assets of Samindo Resources as of 31 December 2015 is adjusted by 1.2% to US$161.23 million from US$163.27 million. Liabilities decreased by 17.8% to US$67.88 million from US$82.61 million and equity increased 15.7% to US$93.34 million from US$80.65 million.

Hananto explained that all profit segments of the Company recorded a growth margin above 20%. Such achievement is considered a success when the coal price is constantly depreciating.

MYOH’s management claim that the only way to survive in such a condition is to create a work process that is effective and efficient. Such a strategy is considered achievable to decelerate the cost.

Cost of material which is the main component of the cost of revenue is contributed significantly on the decreased of the Company’s cost of revenue. Cost of material was managed to be suppressed up to 32.6%.

At the same time, Company’s cash jumped 91.2% and provide flexibility to the Company to satisfy working capital and reduced the dependency on the external funding. MYOH’s bank loan is reduced US$12 million during last year.

“We expect the positive achievement by the Company could be continued in 2016 and may provide significant value add to the shareholder,” he said.

http://market.bisnis.com/read/20160316/192/528786/kinerja-myoh-pendapatan-turun-laba-samindo-naik-95

JAKARTA. PT Samindo Resources Tbk eventually got exhausted seeing the coal price that wasn’t rebound. Thus, the mining service company will diversified its business by the end of this year.

There are 2 diversification options that are inserted as Samindo’s agenda. Firstly, the Company is about to enter steam generated electricity with capacity of 1,000 megawatt (MW).

As a new comer, the Company intends to join in a consortium. “Electric power plant is capital intensive investment, therefore the most attainable is to join consortium. Becoming an operator or main investor is not an option at the moment” said Hananto Wibowo, the Corporate Secretary of PT Samindo Resources Tbk to KONTAN on Friday (2/9).

Samindo intends to synergize the steam electric power to the coal being produced itself. Therefore, they also have a plan to acquire coal mine with low to medium calory quality in Kalimantan.

Second option, Samindo intends to enter the palm oil business and transportation that are energy related. They have the opinion that those businesses can jointly support the mine service contractor, a business they are into.

So far, Samindo has not decided which plan to take from the 2 options. For certain, company with ticker code MYOH is ready to disburse funds more than US$1million.
Samindo will put its effort that the funding will come from internal sources.

“Otherwise should borrow from the bank, as long as the funding selection is done cautiously. There should be no error as when the funds are already disbursed and we could not get it back and loss,” said Hananto.

Source to fund the business diversification is different from the one to fund the 2016 capital expenditure. In this year, Samindo allocated capex of US$7.5million.

At the same time to complete the diversification options, Samindo is looking for new customer to maximize its mine contractor service. Just for information, their biggest customer PT Kideco Jaya Agung is only targeting coal production of 2 million tons in this year. However, Samindo’s capacity of coal getting is up to 10 million tones, while the overburden removal is 45.2million tons.

Until August this year, Samindo already produced 7.6million tons of coal. While the overburden removal is 29.3million tons.

http://industri.kontan.co.id/news/diversifikasi-bisnis-samindo-anggarkan-us-1-juta

JAKARTA – Until April 2016 PT Samindo Resources Tbk (MYOH) is recorded to have accelerated its debt settlement amounting to US$13.5 million. Through its subsidiaries, PT SIMS Jaya Kaltim had speed up to settle US$11.5 million of debt to KEB Hana Bank.

Corporate Secretary MYOH Hananto Wibowo said that the integrated coal mine service in March 2016 also had settle all its debt on behalf of its subsidiariy PT Samindo Utama Kaltim amounting US$2 million. Hananto said that such acceleration of debt settlement is a continuation of a program started in 2014.

Up to April 2016, total bank loan being settled reached US$29 million, with details US$3.5 million paid in 2014, US$12 million paid in 2015 and US$13.5 million recently settle in 2016.

“Until the end of 2016, we targeted to lower the amount of debt 57%. Referring to such plan, it is expected that by the end of 2016, the remaining debt is less than US$20 million,” said Hananto.

Hananto added that the policy to reduce the debt should not be construed that MYOH will delay its business expansion, on the contrary, currently is preparing to have business expansion. For such a plan to succeed, the Company plans to have Extraordinary General Meeting Shareholders (EGMS).

Agenda of the EGMS is to amend the Company’s Articles of Association to add the business activities to accommodate future business plan,” he explained.

http://economy.okezone.com/read/2016/04/15/278/1363852/samindo-bayar-utang-usd13-5-juta