Samindo Confident the Production Level Continuously Growing

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.

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