Timah to increase production Release date: 04 Dec 2007
Indonesias PT Timah plans to produce and sell 60,000 tonnes of
tin in 2008, Finance Director M Krishna Syarif told reporters in Jakarta today.
Production in 2007 is estimated to be between 57,000 59,000 tonnes according
to reports by Bloomberg and Reuters, although in a separate story the Antara
news agency quoted Timah commissioner R Sukyar predicting a rise in production
from 54,000 tonnes this year to 55,000 tonnes in 2008.
Timah is planning capital spending of 1.3 trillion rupiah (US$140 million) in
2008, which will be used to both expand its tin reserves and diversify into
coal and other businesses.
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