PT Timah will significantly increase its refined tin sales this year, at the expense of other Indonesian producers.
The state-controlled company’s sales of refined tin "may exceed” 50,000 metric tons this year, more than the company’s previous forecast of 48,000 tons, Corporate Secretary Prasetyo B. Saksono told Bloomberg News yesterday in a telephone interview from Jakarta.
Its sales in the first quarter of 2007 rose by 51% year-on-year to 14,554 tonnes. Total refined tin sales in 2006 amounted to 42,613 tonnes.
Meanwhile Metal Bulletin reported that around 28,100 tonnes of tin have been shipped out of Bangka so far this year till June 5, according to a shipping source. Around 24,000 tonnes had come from PT Timah, 2,600 tonnes from PT Koba Tin and 1,500 tonnes from the three largest private smelters – CV DS Jaya Abadi, PT Bangka Putra Karya and CV Donna Kembara Jaya.
Exports from 22 private smelters, excluding PT Timah and Koba Tin, totalled 29,610 tonnes in the first half of last year, according to data from the Indonesian Tin Industry Association.
