PT Timah Promises Improvement Of Tin Mining And Commerce Governance

Harvey Moeis left the Jampidsus investigation building of the Attorney General's Office, Jakarta, after being named a suspect in tin corruption, Wednesday (27/3/2024). (Between/HO-Puspenkum Attorney General's Office)

PT Timah Tbk (Perseroan) has stated its commitment to improve Indonesian tin mining and trading governance in the midst of mining activities without a permit.

"The company continues to encourage improvements in governance," said Director of Finance and Risk Management of PT TIMAH Tbk Fina Eliani in a written statement reported by the Indonesia Stock Exchange (IDX), quoted from Jakarta, Sunday (31/3).

These improvements, said Fina, will be made by intensively securing assets and enforcing regulations, as well as cooperation in mining the people to reduce mining without permits in the mining concession area.

Furthermore, Fina stated that PT Timah would be consistent and committed in carrying out strategic steps to improve operational and production performance.

"Management formulates strategies and policies to keep the Company's performance sustainable," said Fina, quoted by Antara.

Production improvement programs, said Fina again, are still being carried out, such as opening new locations, increasing the production capacity of primary mines from mining tools and processing tools, updating existing IUPs, conducting location surveys, and inventory of land ownership for the opening of new land mines.

"In addition, the sustainable efficiency program from upstream to downstream continues to be pursued," said Fina.

On Wednesday (27/3), the Attorney General's Investigator for Special Crimes (Jampidsus) of the Attorney General's Office named Harvey Moeis as a suspect in the case of alleged corruption in the tin trading system of the Mining Business Permit (IUP) area of PT Timah Tbk from 2015 to 2022.

Director of Investigation at the Jampidsus Attorney General's Office Kuntadi explained that Harvey Moeis' role as the 16th suspect in a case that caused state losses due to environmental damage amounted to Rp271.06 trillion.

As for a number of parties who have been named as suspects, RL as General Manager (GM) of PT TIN; BY as former Commissioner of CV VIP; RI as President Director of PT SBS; SG alias AW and MBG, both of them are mining entrepreneurs in Pangkalpinang City, Bangka Belitung Islands Province.

Furthermore, HT alias AS as the President Director of CV VIP (the company belonging to the suspect TN alias AN); MRPT alias RZ as the President Director of PT Timah Tbk for the period 2016 to 2021; EE alias EML as the Finance Director of PT Timah Tbk for the period 2017 to 2018. Then, the suspect TN alias AN; suspect AA.

One person was named a suspect in the obstruction to the investigation of the corruption case in the tin commodity trading system in the PT Timah Tbk Mining Business Permit (IUP) for the period 2015 to 2022, with the initials TT.