Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Indonesia
  4. INDONESIA STOCK EXCHANGE
  5. PT TIMAH Tbk
  6. News
  7. Summary
    TINS   ID1000111800

PT TIMAH TBK

(TINS)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PT TIMAH Tbk : Indonesia tin miner Timah says meets rules, good practices

06/10/2021 | 08:58am EDT

JAKARTA (Reuters) - Indonesian state tin miner PT Timah said on Thursday it adheres to regulations and good mining practices in its activities both on land and offshore and said it was committed to environmental sustainability.

Timah, the world's second largest refined tin producer, was responding to a Reuters report on Tuesday on how miners on the Indonesian island of Bangka are moving their mining activities offshore as reserves on land thinned.

Environmentalists have been worried about the impact of sea mining on the island's mangrove area while fishermen said their catches had significantly dwindled due to the sea mining.

"PT Timah is committed to implementing sustainable environmental responsibility in every line of its business, both in environmental and social contexts," it said in a statement.

It said that commitment applied from the initial operational stage to the post-mining reclamation stage.

Timah said since 2016 it had installed 3,105 units of fish shelters and 1,475 units of coral transplant in seas surrounding Bangka-Belitung province.

This year, the company plans to install an additional 1,920 units of fish shelter and aims to release 20,000 squid chicks to help repopulate the waters where it operates.

Tin deposits in the mining hub of Bangka-Belitung have been heavily exploited on land, leaving parts of the islands off the southeast coast of Sumatra island resembling a lunar landscape with vast craters and highly acidic, turquoise lakes.

In some places, restored mining land were often re-dug by unlicensed miners seeking remaining deposits.

Timah said it continues its efforts to restore former mining area into conservation area or eco-tourism centres, among other public facilities.

(Reporting by Fransiska Nangoy; Editing by Martin Petty)


© Reuters 2021
All news about PT TIMAH TBK
06/10PT TIMAH TBK  : Indonesia tin miner Timah says meets rules, good practices
RE
06/07PT TIMAH TBK  : Indonesian tin miners target the ocean as reserves dwindle on la..
RE
05/06PT TIMAH TBK  : Indonesia's Timah Q1 refined tin production down 63.1% y/y
RE
04/27CHINA RAMPS UP TIN EXPORTS AS REST O : Andy Home
RE
04/27CHINA RAMPS UP TIN EXPORTS AS REST O : Andy Home
RE
04/07Copper prices fall on weaker-than-expected China demand
RE
04/06Copper prices dip as premiums fall, inventories rise
RE
2020PT KRAKATAU STEEL PERSERO TBK  : Pertamina - BUMN Synergy Forms a Hospital Holdi..
AQ
2020Indonesia's Timah targets lower 2020 refined tin sales
RE
2020Indonesia tin miner PT Timah cuts output, delays exports on coronavirus
RE
More news
Financials
Sales 2021 14 213 B 0,98 B 0,98 B
Net income 2021 344 B 0,02 B 0,02 B
Net Debt 2021 - - -
P/E ratio 2021 32,6x
Yield 2021 -
Capitalization 11 172 B 772 M 771 M
Capi. / Sales 2021 0,79x
Capi. / Sales 2022 0,68x
Nbr of Employees 4 420
Free-Float 35,0%
Chart PT TIMAH TBK
Duration : Period :
PT TIMAH Tbk Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PT TIMAH TBK
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 1 500,00 IDR
Average target price 1 575,00 IDR
Spread / Average Target 5,00%
EPS Revisions
Managers and Directors
NameTitle
Mochtar Riza Pahlevi Tabrani President Director
M. Subuh Wibisono Finance Director
M. Alfan Baharudin President Commissioner
Budhi Darmawan Head-Information Technology
Agung Pratama Director-Operations & Production
Sector and Competitors