PT Koba Tin to increase production Release date: 27
Jul 2007 PT Koba Tin has been given the go ahead to resume
purchases of tin ore from small scale miners operating within its contract of
work mining leases on Bangka island. The company stopped buying ore six months
ago, when it was accused of obtaining concentrates illegally from mines outside
its leases.
The new agreement is based on a plan to establish closely supervised
partnerships with small mines, under which Koba would provide management
services and equipment to operators treating low grade ore. The volumes to be
produced under this new system, to take effect in August, have not yet been
finalised.
In recent months Koba has been mining some 400 tpm of tin-in-concentrate with
its own dredge and gravel pumps, well short of its 2,000 tpm smelting capacity.
Meanwhile a judgement in the court case against three Koba executives is
expected by mid-August.
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