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RI breaks ground on Rp 1.2 trillion tin-processing facilities in Batam
Indonesia has commenced the construction of tin-processing facilities in Batam, Riau Islands, that cost Rp 1.2 trillion (US$73.9 million) to build and start up.
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A worker works at a ferronickel smelter owned by PT Aneka Tambang (Antam) in Pomalaa, Central Sulawesi, in May 2019. (MIND.ID/-)
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ndonesia has commenced the construction of tin-processing facilities in Batam, Riau Islands, that will cost Rp 1.2 trillion (US$73.9 million) to build and start up.
A ribbon-cutting ceremony on Friday was led by Deputy Investment and Downstream Minister Todotua Pasaribu, who noted that Indonesia held the world’s second-largest tin reserves.
“Today we witness an important moment in the transformation of the national tin industry,” Todotua said in his speech, according to a press statement released on the same day.
“Downstream development is key to ensuring Indonesia’s natural resources are used optimally, not just as raw commodities, but as products with high value added,” he continued.
The project includes the construction of a tin chemical facility by PT Batam Timah Sinergi and tin solder facility by PT Tri Charislink Indoasia, both of which are subsidiaries of PT Cipta Persada Mulia.
The statement detailed that the investment and initial working capital for the project, expected to be the world’s largest tin-processing center, totaled Rp 1.2 trillion.
Cipta Persada Mulia’s activities range from the mining of tin ore to smelting and the production of tin ingots.
