Timah to hold shareholders meeting over acquisition plan

The public-listed state-owned tin mining company PT Tambang Timah plans to hold an extra ordinary shareholders meeting on February 14 to seek approval from the plans to acquire mining firms under the Indonesian Bank Restructuring Agency, the Suara Karya daily reported.

The mining firms are those surrendered by the Salim Group, once the country's largest conglomerate, to IBRA to repay debt to the government.(R. Amoros)