Core Insights - The Indonesian government, led by President Prabowo Subianto, is intensifying enforcement and regulatory measures against illegal tin mining and smuggling activities, which have caused significant economic losses to the country [1] - Over the past 20 years, illegal tin mining and smuggling have resulted in annual losses of up to 40 trillion Indonesian Rupiah (approximately 2.4 billion USD), with cumulative losses potentially reaching 800 trillion Indonesian Rupiah (around 48.2 billion USD) [1] - The government has recently transferred confiscated assets from illegal mining cases to the state-owned tin mining company PT Timah Tbk, which includes six smelting plants, approximately 680 tons of refined tin, and 108 heavy equipment units [1] - The operational restoration of these facilities is expected to generate an annual potential revenue of about 46 trillion Indonesian Rupiah (approximately 3 million USD) for the country [1] - Following the government's crackdown, including the closure of 1,000 illegal tin mines in Bangka-Belitung province, tin prices on the London Metal Exchange (LME) rose, reaching a near six-month high in early October [1] - On October 20, the main tin contract on the Shanghai Futures Exchange closed at 279,340 Yuan per ton, a decrease of 0.50% from the previous trading day [1]

Core Viewpoint - The Indonesian government has initiated a crackdown on illegal tin mining in Bangka Belitung province, aiming to enhance national revenue and address smuggling issues in the tin supply chain [1] Group 1: Government Actions - President Prabowo Subianto has ordered the closure of 1,000 illegal tin mines in Bangka Belitung province [1] - The government has successfully intercepted nearly 80% of smuggled tin since the special operation began on September 1 [1] - Smuggling channels, including small boats and passenger ferries, have been completely shut down [1] Group 2: Economic Impact - The crackdown is expected to recover losses of 450 trillion Indonesian Rupiah (approximately 2.7 billion USD) by 2026 [1] - The government plans to enhance the detection of rare earth minerals in tin mining waste, which has been overlooked in terms of its high value [1] Group 3: Industry Significance - Bangka Belitung province is a critical center for global tin mining and plays a key role in the international tin supply chain [1] - The government is committed to combating illegal mining to boost national income [1]