PT Timah announce reduced profits in H1
State owned Indonesian tin miner PT Timah saw its first half net profits fall 97% year-on-year to Rp 11.28 billion (US$ 801,962) in the first 6 months of 2015 compared to the same period of the previous year, according to its 2015 first half results, which the company...PT Timah obtains export permits
Indonesian tin miner PT Timah has been granted clearance by the government to resume tin shipments following a halt when new rules for exporting the metal were implemented at the beginning of August. The new regulations are intended to address environmental damage and...PT Timah reverses decline
Indonesian state tin company PT Timah today reported big increases in production and profits in 2014. Mine production of tin-in-concentrate rose by 23% year-on-year to 32,319 tonnes, while refined tin production grew by 16% to 27,550 tonnes. Net profit rose to Rp 638...Indonesian producers cool on Governor’s call for sales halt
A call by Bangka Belitung province Governor Rustam Effendi for Indonesian producers to halt shipments in order to support tin prices has not received much support, according to Bloomberg. The governor told reporters today that officials planned to meet producing...PT Timah results improve and stocks build
PT Timah announced much improved third quarter financial results, as well as rising production and stocks. Net profit in the nine months to end-September rose by 141% year-on-year to Rp 341 billion (US$28 million), but in a statement the company said that it would...Timah chief provides update on Myanmar plans
In an interview with the Jakarta Post on 23 October, PT Timah President Director Sukrisno said the state-controlled tin company was currently conducting a study for a smelter in Myanmar that was expected to conclude by year-end. “We hope to start construction of...PT Timah holds back on sales
First quarter results belatedly published by PT Timah on 30 June showed that it had boosted production but reduced sales in January-March. In interviews with the Jakarta Post and Reuters last week, the state-controlled company’s President Director Sukrisno said...PT Koba Tin awaits mining licence under new ownership
Local news media reported that production at the PT Koba tin mining site could revive, with PT Timah holding a 40% stake and the Bangka-Belitung provincial government holding the remaining equity through three regional state-owned enterprises (BUMD). However the...ICDX floor price system confirmed
Leading Indonesian tin industry representatives have confirmed to Bloomberg that the Indonesia Commodity and Derivatives Exchange (ICDX) has maintained a minimum selling price for tin traded since new export regulations came into force on 30 August last year. Under...
