PT Timah Investasi Mineral (TIM) is a direct subsidiary owned by the Company aimed at developing businesses in the non-tin mining sector, which is engaged in managing commercial coal mining businesses in the provinces of South Kalimantan and South Sumatra through its subsidiaries namely TAJ and TBBE. TIM was founded in 1996 as a form of non-tin mining diversification business. However, the Company is currently in the process of divesting TIM shares in TAJ and TBBE in connection with the action plans of the Group’s management and shareholders based on the results of a more economical analysis in the future. PT Timah Investasi Mineral (TIM) was established based on Notarial Deed of Siti Pertiwi Henny Singgih, S.H., No. 78 dated August 19, 1996.
The authorized capital of PT Timah Investasi Mineral (TIM) in the amount of Rp43,000,000,000 consists of 43,000 shares with a face value of Rp1,000,000,000 per share. The composition of issued and fully paid-in capital is as follows :
|Shareholders||Equity Capital (Rp.)||Number of Shares (/Share)||Ownership Percentage (%)|
|PT TIMAH Tbk||42,957,000,000||42,957||99.90|
The Vision and Mission of PT Timah Investasi Mineral (TIM) are:
Vision : Become a Nickel mining and non-tin mineral trading company that can compete in the global market
1. Conducting business in the field of mining, processing, marketing of coal and nickel with environmental insight and quality.
2. Increase the company’s resources and capabilities through cooperation with strategic partners.
3. Provide added value for shareholders, the public and other shareholders.
The composition of the Board of Commissioners and Directors of PT Timah Investasi Mineral (TIM) is as follows :
|Name / Nama||Occupation/ Jabatan|
|Agung Pratama||President Commissioner / Komisaris Utama|
|Mohammad Hidayat||Commissioner/ Komisaris|
|Abdul Kamaroes||President Director/ Direktur Utama|