Expand the Coverage, Samindo Targets Production to Increase Every Year

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.