PANGKALPINANG -- PT Timah continues to strengthen its corporate performance in an effort to enhance its contribution to the nation and society. As a member of the MIND ID mining industry holding, the company is implementing a number of initiatives to boost its performance.
President Director of PT Timah, Restu Widiyantoro, stated that one of the company’s strategies to improve performance includes increasing tin ore productivity and strengthening security measures within the company’s Mining Business License (IUP) areas.
“Efforts to enhance the company’s performance include boosting tin ore productivity, improving governance of IUP security, and increasing the quality of human resources,” said Restu during a Hearing Meeting with Commission VI of the Indonesian House of Representatives (DPR RI) last week.
Restu added that as a state-representing tin mining company, PT Timah will carry out its business processes by applying good mining practices and sound corporate governance.
“The company aims to optimize its value and contribution to the state, shareholders, and its social responsibility to the community,” he said.
During the meeting with Commission VI, Restu also conveyed several challenges the company continues to face in improving its performance, including illegal mining within the company’s concession areas and overlapping land use.
In the first quarter of 2025, PT Timah recorded strong performance with a profit of IDR 116.86 billion. For the 2024 fiscal year, the company successfully posted a profit of IDR 1.19 trillion.
