The state-controlled PT Timah Tbk (TINS) is planning to add its production to 50,000 tons next year from its target of 40,413 tons this year. The 2012's target counts 83% of the company's maximum capacity of 60,000 tons.
President Director Wachid Usman said the company strives to meet its target by boosting production of offshore activities. Timah claims that it has 70,000 tons of tin offshore reserves.
As of the third quarter 2011, Timah produced 14.602 tons from onshore mining and 13,564 tons from offshore mining.
Disclosure: No position at the stock mentioned above.
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