TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

State tin company exports grow 15 percent in 2018

  • News Desk

    The Jakarta Post

Jakarta   /   Mon, December 31, 2018   /   05:31 pm
State tin company exports grow 15 percent in 2018 Tin ore is loaded onto a truck at the PT Timah site in Sungailiat, Bangka Island. (JP/File)

State-owned tin mining company PT Timah's exports grew 15 percent in 2018 to 33,250 tons from 28,732 tons in 2017.

PT Timah president director Mochtar Riza Pahlevi Tabrani said the company had managed to overcome various challenges along the year.

“With all of our efforts, we managed to achieve our production targets in 2018,” Mochtar said as quoted by kontan.co.id when announcing the shipment of the company’s last export of the year.

He expressed gratitude to all stakeholders, starting from lower staff members to the commissioners of the company, who had managed to maintain a corporate good performance.

Meanwhile, PT Timah corporate secretary Amin Haris Sugiarto said to boost production the company had added a manufacturing facility to increase the content of stannum in the ore before smelting.

He said that the company had also improved the performance of its marketing division.

“By the end of the year, the factories usually maintain stocks for the year end. So to absorb the overstock, we optimize the traders,” he added.

Indonesia is the second largest tin producer in the world, supplying 20 percent of the total global tin demand. (bbn)