JAKARTA - BUMN Holding Indonesia Mining Industry, MIND ID through PT Timah Tbk encourages increased production and strengthening downstreaming to present a multiplier effect for the national economy, as well as implement a consistent social responsibility program to improve the welfare of the community around the operational area.
MIND ID Main Male Corporate Secretary said tin is one of the critical mineral commodities whose management must be carried out responsibly and able to provide the maximum benefit to the people of Indonesia.
"MIND ID as the holding that oversees PT Timah will continue to consistently guarantee that tin processing is able to have a real impact on the national economy, both through increasing state revenue and job creation," he said in a statement in Jakarta, Wednesday.
In terms of performance, Pria explained that PT Timah's operations and business have shown a positive trend. The consolidated financial statements for the 2024 financial year that have been audited show that tin ore production increased 31 percent on an annual basis (year-on-year/YoY) to 19,437 tons.
Tin metal production rose 23 percent YoY to 18,915 metric tons, and tin metal sales grew 22 percent YoY to 17,507 metric tons.
This performance contributed to an increase in company revenue by 29.37 percent YoY to Rp10.86 trillion. EBITDA recorded a 396 percent jump to Rp2.71 trillion, and net profit grew significantly to Rp1.19 trillion.
Men emphasize that the use of TSL Ausmelt Furnace fusion technology is the main driving force in processing low-grade tin ore, which is 40 70 percent Sn, with a production capacity of up to 40,000 tons of liquid lead per year.
In addition to operational aspects, TIMAH also continues to innovate in the development of downstream products. One of them is the success of developing dimethyltin dichloride (DMT) in solid form, which was previously only available in liquid form.
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This innovation not only increases efficiency, but also opens up new opportunities in the supply of solar panel industry raw materials, thereby strengthening Indonesia's position in the global technology supply chain.
Furthermore, TIMAH has a sparse earth metal mineral development program (LTJ) or Rare Earth Element in Tanjung Snake, West Bangka Regency, Bangka Belitung Islands Province.
"With this sustainable downstreaming, we continue to strive so that tin becomes one of the minerals that is also ready to become the backbone for economic strengthening towards Indonesia Gold 2045," said Pria.
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