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Indonesian miner Timah confident of meeting 2025 goals
Yahoo Financeยท 2025-09-23 14:30
Core Viewpoint - Indonesian state-owned tin mining company Timah is optimistic about achieving its 2025 production target of 21,500 tonnes despite facing challenges in the first half of the year [1] Group 1: Production Performance - In the first half of this year, Timah reported a 32% decrease in tin ore output, totaling 6,997 tonnes, and a 29% decline in refined tin production to 6,870 tonnes [2] - The declines were attributed to illegal mining competition, adverse weather conditions, and delays in new mine developments [2] Group 2: Initiatives Against Illegal Mining - Timah has established a task force to combat illegal mining activities in key regions such as Bangka and Belitung Islands [2] - The initiative will also target intermediaries involved in the trade of illegally mined ore [3] - The Indonesian government is addressing illegal tin production by mandating the trading of refined tin through exchanges to ensure traceability [3] Group 3: Industry Challenges - The Indonesian Mining Association has urged the government to reconsider plans to increase royalty rates for mining products, citing rising operational costs and tight cash flows faced by miners [4] - The government's plan to increase royalties aims to improve industry governance [4]