Four of Indonesia’s largest independent tin smelters have formed a consortium to combine their mining and ore sourcing interests. The consortium members are PT Bangka Putra Karya, CV DS Jaya Abadi, CV Donna Kembara and PT Duta Putra Bangka.
"The consortium acquires mining areas, processes mining permits, as well as produces raw material and sells to its members," Ismiyardi, the consortium’s commissioner, told Reuters. The four companies currently have 4,000 – 5,000 hectares of land with mining permits and plan to add a further 6,700 hectares to this.
Ismeyardi said the four smelters have produced a combined 1,600-2,000 tonnes of refined tin a month since they obtained export permits in April. He also said that the consortium members would work with Indonesia’s major producers in establishing an export quota system: “We will have talks with Timah and Koba Tin about export quotas to anticipate global tin prices. Hopefully, we’ll have the policy by the end of the year”.
