PT TIMAH Tbk as a Company was founded on August 2, 1976, and is a State-Owned Enterprise (BUMN) that operates in the tin mining sector and has been listed on the Indonesia Stock Exchange since 1995.
PT TIMAH Tbk is a producer and exporter of tin metal and has an integrated tin mining business segment starting from exploration, mining, and processing to marketing activities. The scope of the Company's activities also includes mining, industry, trade, transportation, and services. The company's main activities are as a holding company that carries out tin mining operations and provides marketing services to its business group. The company has several subsidiaries engaged in workshops and shipbuilding, technical engineering services, tin mining, mining consulting and research services, and non-tin mining.
The company is domiciled in Pangkalpinang, Bangka Belitung Province, and has operational areas in the Bangka Belitung Islands Province, Riau Province, South Kalimantan, and Cilegon, Banten.
- Bangka Tin Winning Bedrijft (BTW)
- Gemeenschaappelijke Mijnbouw Maatschaappij Billiton (GMB)
- Singkep TIN Exploitatie Maatschappij (SITEM)
The Dutch companies were nationalized to be three State-Owned Companies, comprising:
- BTW to be PN Tambang Timah Bangka
- GMB to be PN Tambang Timah Belitung
- SITEM to be PN Tambang Timah Singkep
The State Tin Enterprises Coordinating Board (BPU PN Tambang Timah) was established to oversee the three companies.
The three State-Owned Companies combined to be one State Corporation (PN) Tambang Timah.
PN Tambang Timah changed its status to be a Public Company under the name of PT Tambang Timah (Persero), which is fully owned by the Government of Republic of Indonesia.
PT Tambang Timah (Persero) restructured the Company including head office relocation from Jakarta to Pangkalpinang, divestment of non-core assets and functions & undertook export of tin metal products with low lead content under the brand of Bangka Low Lead to Japan.
PT Tambang Timah (Persero) conducted initial public offering and 35% of its shares owned by the Government of Republic of Indonesia.
PT Tambang Timah (Persero) Tbk changed the Company’s Articles of Association to be PT Timah (Persero) Tbk. and conducted business diversification by establishing a series of subsidiaries namely PT Tambang Timah, PT Timah Industri, PT Timah Investasi Mineral, PT Timah Eksplomin, PT Dok & Perkapalan Air Kantung (DAK), dan Indometal London Ltd.
Joint operation between PT Timah & PT Sarana Karya (SAKA) in Asphalt Refinery Project in Buton Island.
- A subsidiary of PT Timah Tbk, PT Timah industry divested 275,000 of its shares in Plimsoll Corporation, Pte, Ltd, Singapore to Sky Alliance Global Holding, Ltd.
- The Company delisted its Global Depository Receipts (GDR) on the London Stock Exchange (LSE) and listed the Company’s shares on Indonesia Stock Exchange.
PT Timah (Persero) officially announced furnace 9 and undertook an expansion of Electrolytic Refining Plant, of which signed the transformation of industry and world tin during 2003-2004.
The commencement of tin chemical plant on January 17, 2009, as one of the Company’s businesses in downstream industry.
February 1, 2012, INATIN formation in which the PT Timah and its subsidiaries be members
Notice on Effective Entry and Validity into Business Merger between PT TIMAH (Persero) Tbk and PT Tambang Timah that has already been executed per 1 st April 2014
PT TIMAH (Persero) Tbk changed its name to PT TIMAH Tbk along with the change in ownership of series B shares totaling 4.841.053.951 shares or 65% of the Goverment of the Republic of Indoensia to PT Indonesia Asahan Alumunium (Persero)
PT TIMAH Tbk created a joint venture company in cooperation with a Nigerian company, Tpwide Ltd, which aims to optimize the area of 16 thousand hectares of tinmining consessions in Nigeria and increase the Company's tin reserves with a target of tin production in Nigeria at least equal to production in Bangka Belitung at 35 thousand tons per year.
- Change of logo
- Application of Fuming Furnance technology melt tin slag
- Divestment of Indometal Corporation (Asia Pacific) Pte Ltd as one on PT TIMAH Tbk’s indirect subsidiary to MIND ID as the Holding Industry of Mining SOEs with 100% or equivalent to 50,000 shares on June 29 , 2020 in Jakarta.
- Divestment of PT Rumah Sakit Bakti Timah (RSBT) to PT Pertamina Bina Medika IHC as the Holding Company of Hospital SOEs by 67% on August 7, 2020.
- Partial buyback of bond and sukuk ijarah
- The Company through the Muntok Metallurgical Unit Won the PROPER gold award
- The Implementation of the Limited Offering of Medium-Term Notes I of PT TIMAH Tbk in 2022 amounting to Rp.626.000.000.000,-
- The addition of the equity investment in PT Timah Investasi Mineral amounting to 1.570 shares, making the number of shares owned by the company amounting to 124.277 shares or 99,965% of all shares issued and paid up in PT Timah Investasi Mineral.
- The addition of equity investment in PT Timah Karya Persada Properti amounting to 74,961 shares, making the number of shares owned by the company amounting to 280.625 shares or 99,75% of all shares issued and paid up in PT Timah Karya Persada Properti.
- The Company through the Muntok Metallurgical Unit and Kundur Metallurgical Unit won two GOLD PROPER awards.
PT TIMAH Tbk operated the Top Submerge Lance (TSL) Ausmelt Furnace smelting technology. The Ausmelt project was one of the strategic projects within MIND ID Mining Industry Holding. The construction of TSL Ausmelt Furnace represented a form of smelting technology transformation undertaken by PT TIMAH Tbk.
- Phase II Year 2019 amounting to Rp313 billion.Settlement of Timah’s Shelf-Registered Bonds I Phase II Year 2019 Series B amounting to Rp493 billion and Timah’s Shelf-Registered Sukuk Ijarah I
- Partial buyback of MTN I of PT TIMAH Tbk. Year 2022 amounting to Rp234.75 billion.
