Samindo Resources (MYOH) Has Absorbed Capital Expenditures of US $ 14.6 Million

KONTAN.CO.ID - JAKARTA. PT Samindo Resources Tbk (MYOH) has absorbed capital expenditure of around US $ 14.6 million from this year's total capital expenditure of US $ 17.7 million. This total capital expenditure grew by 27.33% from last year's capital expenditure of US $ 13.98 million.

Samindo Resources Investor Relations, Ahmad Zaki until June has been absorbed for the purchase of heavy equipment.

In a previous Kontan note, this year MYOH increased production capacity by buying 10 dump trucks. The 10 dump trucks have a transport capacity of 100 tons for the operational activities of coal cover rock removal.

To buy 10 dump trucks, they allocated US $ 14.6 million and US $ 30 million to be used to support coal transportation activities. "Capital expenditure has been absorbed for OB and coal getting around US $ 14.6 million," he said, Wednesday (8/21).

He said that now the utilization rate of their heavy equipment has reached 80%. He added that the downward trend in coal prices did not affect the company's performance directly, Zaki claimed there was no decline in mining service prices.