MIND ID Driving Tin Processing, Strengthening Impact for National Economy

Jakarta, 14 May 2025 – MIND ID or Mining Industry Indonesia, the Holding State-Owned Enterprise for the Mining Industry, ensures that tin processing is continuously directed to provide actual benefits for the national economy.

MIND ID, the strategic active holding company, through PT Timah Tbk (TIMAH), boosts production increase and downstream strengthening to present a multiplier effort for the national economy, while at the same time, a consistent social responsibility program to promote public welfare in the areas surrounding the operational sites. 

MIND ID Corporate Secretary Pria Utama said that tin is one of the critical mineral commodity whose management must be implemented responsibly and able to provide the biggest benefits for the Indonesian people.

“MIND ID as the holding company of which TIMAH is a part, will continue to consistently guarantee that the tin processing is able to provide real impact for national economy, whether through increase in state income or the creation of jobs,” he said. 

In terms of performance, Pria explained that TIMAH’s operations and business have shown a positive trend. The consolidated financial report of TIMAH for the audited 2024 book year has shown that tin ore production has risen 31% year-on-year (YoY), to become 19,437 tons. The production of tin ore rose 22% YoY to become 18,915 metric tons, and sale of tin ore grew 22% YoY to become 17,507 metric tons.

The performance contributed to the increase in corporate income of 29.37% YoY to Rp10.86 trillion. EBITDA jumped 396% to become Rp2.71 trillion, and net profit grew significantly to Rp1.19 trillion.

Pria stressed that the use of TSL Ausmelt Furnace technology has become the main motor in processing low-grade tin ore, of 40-70 percent Sn, with a production capacity of up to 40,000 tons of liquid tin per year.

Aside from the operational aspect, TIMAH also continues its innovation in developing downstream products. One of these is the successful development of dimethyltin dichloride (DMT) in solid form, which previously was only available in liquid form.

This innovation not only increases efficiency but also opens new opportunities in providing raw material for the solar panel industry, thereby strengthening Indonesia’s position in the global technology supply chain.

Moreover, TIMAH also has a development program for Rare Earth Element at Tanjung Ular, West Bangka Regency, Bangka Belitung Island Province.

“With the downstreaming efforts running sustainably, we continue to endeavour that tin is one of the minerals also ready to become the backbone for the strengthening of the economy towards Golden Indonesia 2045 Vision,” he said.