PT Timah to order more large dredges for tin mining

first_imgState-controlled Indonesian tin producer PT Timah plans to order two new generation dredges worth around $100 million this year, the Antara news agency has reported. Timah is gradually upgrading its dredge fleet, replacing its old bucket ladder dredges by either the new deep water vessels or smaller lower cost cutter suction ones. It a recent presentation the company said that its offshore tin mining leases contained resources of an estimated 649,402 t of tin, of which 217,549 t were Proven and Probable reserves. Timah’s offshore operations produced 20,444 t of tin-in-concentrate in 2010, although production in 2011 is expected to have declined.The two bucketwheel dredges being ordered this year are due to be operational in 2014 said Wachid Usman, Timah’s President Director, adding to another dredge of the same type which is planned to be in operation in 2013.The company’s corporate secretary Abrun Abubakar said Timah has set capital expenditure at $222 million this year to finance the purchases of the dredges. Abrun said part of the capital spending will also be used for its Mentok tin smelter on Bangka island.last_img