Timah merges two subsidiaries
Tuesday, December 2 2014 - 02:13 PM WIB
By Romel S. Gurky
IDX-listed state-controlled tin miner PT Timah Tbk announced on Tuesday it has merged its two subsidiaries, PT Timah Eksplomin (TE) and PT Timah Investasi Mineral (TIM).
The merger is effective Dec. 1, 2014.
TIM is engaged in coal mining business in South Kalimantan, while TE is engaged in exploration of minerals, including ilmenite, zircon, monazite, etc. The latter also accommodates request of geological research, mineral analysis, and feasibility study.
Editing by Johannes Simbolon