Gara2 ini, LME panik dan TIN new high.
PT Timah to boost smelting capacity Release date: 17 Apr 2007
The new President Director of Indonesias state-controlled
tin company PT Timah today announced plans to spend Rupiah 410 billion (US$ 45
million) this year to expand smelting capacity and repair some of its dredge
fleet.
Timahs capital spending will include the addition of two 7,000 tpy furnaces
one each at its Mentok and Kundur smelters.
This will increase nominal smelting capacity to some 62,000 tpy, although the
amount of metal that can be produced depends on the mix and grades of
concentrates and slag treated in the furnaces.
Wachid Usman, elected by shareholders today to replace previous director
Thobrani Alwi, told reporters: We have seen a global shortage in the past
three months. We don't want to lose the momentum and every chance we have to
boost sales, we will.
Usman said that Timahs production in 2007 would be AT LEAST 45,000 tonnes
(compared to 44,689 tonnes of refined tin produced last year).
The company also announced a 50% dividend payment from 2006 profits, which were
boosted sharply in the fourth quarter by the closure of competing small-scale
smelters by the authorities in early October.
---------------------------------
Ahhh...imagining that irresistible "new car" smell?
Check outnew cars at Yahoo! Autos.
