Tolong dong Seniors bantuin Pencerahannya untuk TINS :)
Salam,
Soaring profits for PT Timah
Release date: 30 Apr 2007
(Source: ITRI)
Indonesia's state-controlled tin company PT Timah today
reported a Rp 314 billion (US$ 34 million) net profit
in the quarter ending 31 March, 26 times higher than in
the same period of 2006. Its margin per tonne hit a
record level of $3,759/tonne, up from $313/tonne in
January-March last year.
PT Timah's concentrate intake has increased
dramatically since last October, when competing
independent smelters were shut down in a clampdown by
the authorities. Following police action against the
other major Indonesian tin producer, PT Koba Tin in
January-February this year, Timah became the sole legal
buyer of concentrates from small scale miners in the
country.
Tin-in-concentrate received from inland mining
operations in Q1 (nearly all purchased) amounted to
20,230 tonnes, three times the volume recorded in the
corresponding period last year, while output from the
company's own offshore dredges fell 23% to 2,099
tonnes.
Reflecting the rise in concentrate intake, refined
metal production rose by 48% to 14,350 tonnes in the
quarter and there was also a large increase in stocks
of concentrate and slag held at the end of the period.
Stocks of tin-in-concentrate rose to 19,567 tonnes
while the tin content of slags rose to 12,566 tonnes.
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