Timah to increase output by 20% next year

By Godang Sitompul

Petromindo

IDX-listed tin giant PT Timah Tbk plans to increase tin metal production by 20 percent to more than 30,000 tons next year, from the estimated 25,000 tons for this year, on price recovery.

This was said by Timah Corporate Secretary Agung Nugroho to Petromindo.com on Wednesday.

He said that to facilitate the higher production target, Timah will acquire two new offshore vessels, being built at a yard facility owned by subsidiary PT Dok dan Perkapalan Air Kantung.

?We prepare two vessels that can increase Timah production next year above 30,000 tons. We?re optimistic production can increase particularly as tin price has recovered,? Agung said.

Timah has set tin metal production target of 25,000 tons this year, of which 55-60 percent is allocated for the export market.

Editing by Reiner Simanjuntak