PT Timah Adds 6 Vessels to Pursue Production Target of 35,000 Tons, One Vessel Rp 60 Billion

BANGKAPOS.COM-PT Timah Tbk (TINS) is now more focused on producing tin ore from marine mining.

For this reason, the state-owned company will increase the number of its fleet by 6 ships.

This addition is also to pursue the production target until the end of the year.

This is in line with the decline in production in the first quarter of 2022.

Tin ore production in the first quarter of 2022 was recorded at 4,508 tons, down 11 percent compared to the same period last year of 5,037 tons.

Timah itself targets its production to reach 35,000 tons by 2022.

President Director of Timah Achmad Ardianto said the decline in production was due to several factors.

Among them, at the end of 2021, several Tin ships are undergoing maintenance so that they cannot operate immediately in early 2022.

On the other hand, mining on land has also become difficult so that production is reduced.

Therefore, Timah will focus more on its production from mining at sea, so that additional ships will be added.

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