Samindo Resources (MYOH) Added Production Capacity

KONTAN.CO.ID - JAKARTA. PT Samindo Resources Tbk will increase production capacity for this year by buying 10 dump trucks. Until now, the issuer coded as MYOH has received five new dump trucks.

Samindo Resources Investor Relations, Ahmad Zaki, said that overburden removal was installed before the addition of 65 million bank cubic meters (BCM) of heavy equipment to 70 million BCM.

After receiving a total of 10 dump trucks they have the potential to add workmanship of up to 12 million BCM.

This year MYOH is targeting the overburden stripping volume of up to 58.1 million BCM or greater than the target in 2018 of 54.5 million BCM. MYOH has 133 dump trucks, 18 excavators, 33 dozer units and 108 hauling trucks.

In order to add heavy equipment, they allocated capital expenditure of US $ 17.7 million, up 27.33% from last year's capital expenditure of US $ 13.98 million. From the capital expenditure, US $ 14.6 million will be spent on the purchase of 10 dump trucks, and US $ 30 million will be used to support coal transportation activities.

"Until the first quarter of 2019, capital expenditure absorption has reached 50 percent of US $ 14.6 million for the addition of dump trucks," he said, Thursday (25/4).