YOGYAKARTA Some people may want to know the amount of Indonesia's tin reserves after there were many cases of alleged corruption in tin trading system which cost the state up to Rp271 trillion.
The case also ensnared a number of public figures, from Crazy rich Helena Lim to the husband of actress Sandra Dewi, Harvey Moeis.
So, how much is Indonesia's tin reserves? Come on, see the full information below.
Based on the 2020 Tin Mining Booklet of the Ministry of Energy and Mineral Resources (ESDM), Indonesia ranks second on the list of countries with the largest lead reserves in the world.
The country that is ranked first according to World Population Review data is Australia.
The wealth of lead products is one that contributes to economic growth. This is reflected in the contribution of tin mines to Indonesia's Gross Domestic Product (GDP).
According to the Ministry of Energy and Mineral Resources' records, Indonesia has lead reserves of 800 thousand tons or 23 percent of the world's tin reserves, which is 4.7 million tons.
Not only that, Indonesia is also able to produce 85 thousand tons of tin per year. The lifespan of lead reserves is 26 years.
In 2019, Indonesia became the second largest tin producer in the world. In that period, Indonesia's total lead production reached 78,189 tons. This figure is equivalent to 22 percent of the world's total lead production which reached 353,554 tons.
In terms of price, Trading Economics reports that world tin prices are at the level of 15 thousand US dollars 45 thousand per metric ton since 2015. Taking a middle value, the price of this mining commodity is at the level of 30 thousand US dollars per metric ton.
Based on this data, Indonesia's tin value, which comes from the amount of production, is multiplied by a price equivalent to USD 2.3 billion or around IDR 36.67 trillion.
Thus, Indonesia's total tin value during 2015-2023 reached almost IDR 300 trillion.
In reserves, Indonesia's tin reaches 730 thousand tons. Assuming a price of 30 thousand US dollars per metric ton, the total value of lead reserves in Indonesia reached Rp324 trillion.
The data above shows the size of the potential marketer for Indonesia's natural wealth that can provide benefits not only for the country but also for the world.
This abundant tin reserve is 90 percent of which is located on Bangka Belitung Island. In this area, tin reserves are not only found on land, but also in the ocean.
Apart from Bangka Belitung, Indonesian tin reserves can be found in other areas, such as the Riau Islands, Riau, and West Kalimantan.
That's information about Indonesia's tin reserves. Get news updates of other options only on VOI.ID.
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