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Jakarta Post

RI’s tin reserves predicted to drain by 2020

  • Winny Tang

    The Jakarta Post

Nusa Dua, Bali   /   Wed, August 30 2017   /  12:16 am

Tin production in Indonesia is forecast to grow this year, but the national tin reserves are likely to deplete in the next three years caused by rampant illegal mining and no discoveries of new reserves.Based on historical figures and assuming that there will be no regulatory changes that affect the industry, the Indonesian Tin Exporters Association (AETI) predicts that tin production could reach 72,000 tons this year, up from 63,519 tons last year.“As you can see we are only in the first half of the year, but our production has reached 42,463 tons,” AETI chairman Jabin Sufianto said during the Indonesia Tin Conference & Exhibition (ITCE) 2017 in Nusa Dua, Bali, on Monday.Indonesia, as the largest tin exporter in the world, had previously seen tin production dwindle from 2012 to 2016 as a result of sluggish commodity prices and a string of government measures to curb excessive ti...