JAKARTA (Yosefardi) – State tin producer PT Timah Tbk (TINS) allocates capital expenditure (capex) of Rp1.2 trillion for 2016.
The company will use Rp400 billion capex to fund its smelter construction in Tanjung Ular industrial estate, Bangka Belitung. The smelter is targeted to operate in 2017.
TINS will focus to develop its downstream business (tin solder and tin chemical) through PT Timah Industri.
TINS also develops property assets, 176 hectares land in Kota Legenda, Bekasi, and engages in coal-fired power plant (PLTU) project with capacity of 2×150 megawatts (MW).