Amid various challenges throughout 2023, the Company continues to carry out business ethics and boost efficiency for optimal production. We optimize productivity to accomplish sound profitability.
During the production process, we consistently monitor and evaluate the performance of production operations in the region every day, while in the company it is carried out every month. Monitoring and evaluation activities are carried out by conducting guided drilling in the direction of excavation in land and sea mines, optimizing the company’s and business partners’ stripping vessels in excavating topsoil, and carrying out mineral conservation activities by optimizing the utilization of Mining and Processing Leftovers (SHPP). In addition to ef for ts to achieve production, we also carry out operational cost efficiency.
Production and Sales Volume
Due to various efficiency ef for ts and production optimization, in 2023 the Company recorded tin ore production of 14,855 tons, decreasing by 26% compared to 20,079 tons in 2022. Tin metal production by the end of 2023 was recorded at 15,340 metric tons, decreasing by 23% compared to last year’s 19,825 tons. The decline in marine mining production was due to vessel stoppages caused by weather and repairs/breakdowns, rejections in several locations, and reserves with thick and deep overburden. The decrease in land mining production was attributable to a decrease in the number of mines operating in the Company’s Mine as well as in partnership patterns and the rampant illegal mining activities within the Company’s IUP. For the opening of new locations, there are several obstacles, such as the condition of overlapping IUP locations with other designations, such as Production Forests, Cultivation Rights (HGU), Community Plantations, Zoning Plans for Coastal Areas and Small Islands (RZWP3K), as well as the completion of permits for Conformity Approval for Marine Space Utilization Activities (PKKPRL).
