About PT TIMAH Tbk

PT Timah Tbk engages in tin mining and smelting operations, and marketing activities in Indonesia. The company is a subsidiary of PT Indonesia Asahan Aluminium (Persero). The company engages in the business of mining, industry, trading, transportation and services related to mining business. It has various subsidiaries engage in the workshop and shipbuilding, engineering services, tin mining, tin consulting, and tin research services, as well as non-tin mining. PT Timah Investasi Mineral is a subsidiary directly owned by the company which is intended to develop non-tin mining business, which engages in the management of coal mining business commercially in Kalimantan and South Sumatra Province through its subsidiaries, PT Truba Bara Banyu Enim and PT Tanjung Alam Jaya. PT Timah Agro Manunggal is a direct subsidiary owned by the company as an effort to diversify its business. PT Timah Agro Manunggal engages in agribusiness, such as agriculture, livestock and reclamation services. Mining Business Permits Tin As of December 31, 2017, the company owned 129 mining business permits (IUP) for tin covering 473,400 hectares (ha). Coal In 1999, the company entered into a coal contract of work (CCoW) covering 9,721 ha in Banjar Regency, South Kalimantan. This CCoW is valid for 30 years. In 2011, the company entered into a coal production operation IUP covering 10,220 ha in Muara Enim Regency, South Sumatera. This IUP is valid for 20 years. Nickel In 2007, the company obtained a nickel production operation IUP covering 300 ha in Kabaena, South-East Sulawesi. This IUP is valid through 2019. Iron ore The company owns 8 production operation IUPs for iron ore covering 283 ha in Belitung, Bangka Belitung. These IUPs were obtained on 2 December 1997 and are valid from 2015 to 2026. Strategy The key elements of the company’s strategy include increasing reserve confidence level through exploration intensification activities in existing mining license; increasing and optimizing productivity of production equipment; and developing technology and mining infrastructure; and optimizing downstream and diversification of products through the development of subsidiaries and expanding the market of mining products and their derivatives through integrated marketing. History PT Timah Tbk was founded in 1976.