PT Timah Collaborates With Chinese Companies To Mining Cooperation To Downstream Product Development

Cooperation (Photo: dock. Unsplash)

JAKARTA - PT Timah Tbk has established a strategic partnership with Yunnan Tin Co., Ltd. to strengthen each other's position in the global market.

With a focus on continuing to improve efficiency and competitiveness, this collaboration includes the utilization of mineral resources, mining, smelter technology, international trade, information exchange, and the development of downstream products.

"We really appreciate the strategic cooperation that has been carried out by PT TIMAH and Yunnan Tin. We are sure that this collaboration will be able to provide added value for the tin industry in the future," said MIND ID President Director Hendi Prio Santoso, Monday, August 26.

Meanwhile, President Director of PT Timah Ahmad Dani Virsal said that the company together with Yunnan Tin wanted to share the best technical knowledge, expertise, and practice in managing the tin industry.

This partnership will increase production capacity and operational efficiency, as well as further open new access to the wider international market.

This cooperation agreement is also an effort to maintain the sustainability of the global tin industry and the development of the national tin industry towards Indonesia Gold 2045.

"This strategic collaboration marks a new chapter in the efforts of the two companies to strengthen the company's position in the global market and provide the greatest benefit to the National and global tin industries," continued Ahmad Dani Virsal.

Meanwhile, President Yunnan Tin Luke Liu explained this strategic agreement to strengthen technicality and cooperation in the mining sector, focusing on developing mines, exploration, mining and processing, processing tailings, and others.

The strategic cooperation agreement in the fields of business, technology, and other aspects of the development process in the future is expected to encourage complementary advantages for both parties, and have a positive and broad impact. In increasing the company's influence in the tin industry and encouraging the development of the global tin industry.

"Both parties believe that strengthening cooperation will help guide industrial development and maintain the market," he said.