JAKARTA. PT Timah Tbk. (TINS) spent Rp 148.02 billion for exploration activities for tin in October 2019.
Based on information disclosure on the Indonesia Stock Exchange on Monday (11/11/2019), the company spent Rp 146.02 billion for operation and Rp 1.99 billion for investment.
TINS management explained that the company's exploration activities at sea including drilling activities in Bangka and Kundur waters using 5 units of drillships.
As of Q3 2019, TINS has produced 58,157 tonnes of tin, 174% higher than the figure recorded in Q3 2018 of 21,264 tonnes. Meanwhile, the company's refined tin sales volume was recorded at 50,326 tonnes, much higher than the figure recorded in Q3 2018 of 20.174 tonnes. (AM/AR)