PT Timah margins dented by price fall

Nov 1, 2011

Indonesia’s state-controlled tin producer PT Timah reported an 81% year-on-year rise in net profit to Rp 860 billion (US$99 million) in the nine months to September 2011, but its operating margin has slipped recently as a result of the fall in LME prices in the...

Some Indonesian producers extend export ban

Nov 1, 2011

Fifteen tin producers in Indonesia, the world’s largest exporter, agreed to extend a self-imposed ban on exports until the end of the year to help boost prices, Bloomberg reported. They will seek to widen support for the halt at a further meeting this week. All...

Indonesian producers to discuss export options

Oct 25, 2011

Representatives of Indonesia’s tin smelters will meet again in Pangkalpinang, Bangka on Saturday to discuss next steps to follow up the export ban introduced at the start of the month. One option being proposed is to establish price-related export quotas....

Resumption of some Indonesian export sales

Oct 19, 2011

During the course of last week statements from spokesmen for various Indonesian tin producers indicated that the halt to exports that was called from 1 October will not be 100% effective. In particular state-controlled PT Timah will continue to fulfil long-term...

Indonesian exports fall ahead of halt

Oct 18, 2011

Preliminary data from Indonesia’s trade ministry showed that tin metal sales declined sharply in September, ahead of the halt in exports called by producers from 1 October. The volume of tin checked prior to shipment last month was 5,233 tonnes, down 24%...

Indonesian companies plan Jakarta tin market

Oct 2, 2011

The deputy chairman of the Indonesian Tin Industry Association, Rudy Irawan, told The Jakarta Post its members would establish the Jakarta Tin Market (JTM) as the sole market for Indonesian tin products. “The JTM will be like a joint company with the task to...

All Indonesian producers to halt exports

Oct 2, 2011

Following a meeting held on Monday evening with Bangka Belitung Governor Eko Maulana Ali, all Indonesian producers have said that they will halt exports from 1 October in order to support tin prices. Exports will resume if the price recovers to $25,000/tonne, Johan...

Lower volumes, higher margins for Timah

Sep 8, 2011

Indonesia’s PT Timah reported a 29% rise in consolidated sales and a more than doubling of net income to Rp 689 billion (US$79 million) in the first half of 2011, despite a fall in tin sales volumes. Refined tin sales by the state-controlled company in...