Timah transfers shares in Timah Eksplomin to Timah Investasi
Saturday, September 6 2014 - 04:39 AM WIB
By Romel S. Gurky
IDX-listed tin mining firm PT Timah Tbk announced Friday it has realized the transfer of 4,999 shares in PT Timah Eksplomin (TE) to PT Timah Investasi Mineral (TIM) with a price of Rp 7.03 billion on September 3.
Following the transaction, TE is 100 percent owned by TIM, the company said in a filing with the Indonesia Stock Exchange.
TE is engaged in exploration of minerals including ilmenite, zircon, monazite, etc. The company also accommodates request of geological research, mineral analysis, and feasibility study.
Editing by Reiner Simanjuntak