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    market news

    PT Timah Increases Offshore Mining Deposits to 70 pct

    Investing News Network
    May. 25, 2010 07:41PM PST
    Industrial Metals

    PT Timah (Persero) Tbk, Indonesia’s largest tin producer, is planning to increase its offshore mining deposits.  The company’s Offshore mining may account for 60% to 70% this year. It is also forced to reduce sourcing tin ore from its onshore mines in Bangka-Belitung islands, Indonesia’s main source of tin.
    President Director Wachid Usman is quoted saying:
    “We’re […]

    PT Timah (Persero) Tbk, Indonesia’s largest tin producer, is planning to increase its offshore mining deposits.  The company’s Offshore mining may account for 60% to 70% this year. It is also forced to reduce sourcing tin ore from its onshore mines in Bangka-Belitung islands, Indonesia’s main source of tin.

    President Director Wachid Usman is quoted saying:

    “We’re competing with illegal miners that operate near and within our mining areas.”

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