Sukrisno comments on Timah 2014 plans
In an interview with the Jakarta Post, PT Timah President Director Sukrisno outlined the company’s plans for investment in Myanmar and forecast an improvement in profits in 2014. Timah has secured a 10,000-hectare tin concession area in Pubyien-Tamok, Tanihary...PT Timah lifts force majeure
PT Timah has lifted a force majeure declaration it made on sales to contract customers on 30 August, Corporate Secretary Agung Nugroho told Bloomberg and Reuters. The declaration had been made immediately on the entry into force of a new export regulation requiring...Timah looks for bounce back in sales and profits
Indonesian state tin company PT Timah is looking for a major boost to sales revenues and profits in 2014 as tin prices recover, its President Director Sukrisno told reporters at an investment summit yesterday. The Jakarta Post reported that the company, which saw a...PT Timah predicts sales recovery
Indonesia’s state-controlled tin company PT Timah reported a recovery in its production in the third quarter, but a dip in sales as new export regulations came into effect from 30 August. Despite having to declare force majeure on shipments and build stocks,...Timah forecasts shipments
Indonesia’s state-controlled tin producer PT Timah said that it would ship some 1,500 tonnes of tin this month and was aiming for annual exports of 25,000 tonnes, down from 28,000 tonnes in 2012. Its President Director Sukrisno told Reuters that he hoped that...Koba contract terminated
On Wednesday Indonesia’s Ministry of Energy and Mineral Resources eventually confirmed a widely leaked decision rejecting an application to extend PT Koba Tin’s contract of work (CoW) on Bangka island by a further ten years to 2023. The decision was stated...PT Timah declares force majeure on shipments
State tin company PT Timah has joined some private Indonesian smelters in halting shipments this month as a regulation requiring ingot to be traded locally before export hampered transactions with customers. Timah has declared force majeure to 19 buyers with long-term...Timah profits squeezed as production slumps in H1
Indonesian state-controlled tin producer PT Timah’s net profits were 137.1 billion rupiah ($12.5 million) in the first six months of the year, down by 60% compared with 335.9 billion rupiah over the same period in 2012, the company reported. Production of...Timah reduces 2013 sales forecast
Tin sales by Indonesia’s state tin company PT Timah may drop to 28,000 tonnes this year as prices extend a decline because of slowing global demand, President Director Sukrisno told Bloomberg. This would be a 20% fall from the 34,934 tonnes it sold last year and...
