Strengthen PLTU Project, MYOH Explores Mine Acquisition, 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.