Indonesia’s Timah Sees Lower Exports, Higher Revenue

Reuters Africa reports that Timah (JAK:TINS) expects a slight decline in sales this year, but revenue could rise on higher tin prices.

The market news is quoted as saying,

Production and sales of refined tin were forecast to reach 40,000 tonnes in 2011, down slightly from 40,413 tonnes in 2010 due to tough competition from illegal miners in the main producing island of Bangka and Belitung, Chief Executive Wachid Usman was quoted as saying on Wednesday.

For the complete market news, click here.