PT Timah, one of Indonesia’s biggest mining companies, says it is close to receiving a 10,000 hectare concession to mine tin and tungsten reserves in southern Myanmar’s Tenasserim province. The state-owned company says it plans to complete exploration in six months and begin mining in 2015, and that it also plans to build a US$12 million smelter facility.
“We have already obtained forestry and agriculture related recommendations. Hopefully we will secure the [mining] site recommendation this month, so that we can begin the exploration in June,” Timah president director Sukrisno was quoted in The Jakarta Post as saying during March.
He said Timah had concluded its survey in Myanmar and that the government of Myanmar had recommended a few companies to be Timah’s partners.
PT Timah was established on August 2, 1976, is engaged in tin mining in Indonesia and has been listed on Indonesia Stock Exchange since 1995. It has an integrated tin mining business ranging from exploration, mining and processing to marketing and exporting. Operational areas are in South Kalimantan, southwest Sulawesi and Banten.