Indonesia’s PT Timah will roll forward some Rp 530 billion (US$48 million) of planned capital spending into 2009, with most of the total to be spent on a tin chemicals plant and new offshore dredges.
President Director of Timah Wachid Usman told Bisnis Indonesia that the company will focus on some medium-lower scale internal projects. "One of the projects is the tin chemical construction worth Rp 200 billion, in addition to the procurement of dredging ship in cooperation with PT PAL worth US$7 million or Rp 70 billion per unit," he said yesterday.
Timah has already expanded its dredging capacity, and in the first three quarters of 2008 its offshore production rose by 19% to 10,820 tonnes of tin- in-concentrate. Offshore dredging now accounts for about 30% of its total mine production. Meanwhile the company has deferred plans to acquire coal mines and overseas tin assets.
