MYOH Targets Closure Volume Of 35 Million BCM In 2025

Illustration (Photo: Doc. ANTARA)

JAKARTA - PT Samindo Resources Tbk (MYOH) as an integrated coal mining service provider, targets to be able to produce coal overburdened coal volume of 35 million cubic meter (BCM) banks by 2025.

MYOH Corporate Secretary Ahmad Zaki said the targeted overburden volume (OB) reached 35 million BCM, with a coal getting volume of 6 million tons, reflecting the company's commitment to efficiently maximizing production capacity.

"This target is also proof of the client's trust in us for our excellent performance in 2024," said Zaki as quoted by ANTARA, Wednesday, January 22.

Zaki said that the company has high optimism for implementing the Strategic Business Plan for 2025, amid the dynamic challenges of the mining industry. His party, continued Zaki, has prepared itself with an adaptive and sustainable operational approach.

Despite the challenges of the global energy transition, the high demand for coal from China and ASEAN countries as well as the increasing need for electricity to smelters is expected to increase coal production by 2025. Along with this optimism, the company is also increasingly focused on optimizing operational performance, he said.

To support this strategic plan, according to Zaki, the company allocated a capital expenditure (capex) of US$13 million with several key initiatives including optimizing unit use, and sustainable spare parts management.

This approach shows the company's proactive response to environmental challenges and increasingly stringent regulations in the mining industry.

MYOH will focus on the three main pillars that are the foundation of the company's strategy, namely, ensuring a stable income base, developing new businesses, and improving organizational competence.

"With a comprehensive and adaptive approach, the company is ready to face industrial challenges and continue to create sustainable value," said Zaki.

Ahmad Zaki added that this comprehensive strategy will encourage Samindo Resources' sustainable growth and make it a trusted partner in the mining service industry in Indonesia.

"We are not just responding to the market, but proactively forming a sustainable future of the mining industry," he said.

Samindo Resources is an investment holding company with a main focus on the provision of coal mining services, including overburden removal removal, coal getting, coal transporting, geological mapping and drilling (geological mapping and drilling), as well as vehicle rental services (light vehicle rent services).

All of these activities are carried out through five subsidiaries, namely PT SIMS Jaya Kaltim, PT Trasindo Murni Perkasa, PT Samindo Utama Kaltim, PT Mintec Abadi, and PT Transkon Jaya Tbk.