Two of the World’s Largest Tin Producers Forge Partnership
London, United Kingdom – Today, two of the world’s largest tin producers, PT Timah Tbk and Minsur SA, announced a strategic partnership to enhance their global competitiveness and drive sustainable growth in the tin industry.
The partnership will leverage the strengths of both companies, combining PT Timah’s extensive mining operations in Indonesia with Minsur’s advanced processing and refining capabilities in Peru. Together, they aim to create a vertically integrated supply chain that will optimize production efficiency and minimize environmental impact.
Key Benefits of the Partnership:
- Increased Production Capacity: The partnership will enable the companies to pool their resources and expertise to increase their combined tin production capacity, meeting the growing global demand for this critical metal.
- Improved Cost Efficiency: By streamlining operations and leveraging economies of scale, the partnership will reduce production costs and enhance the profitability of both companies.
- Enhanced Sustainability: Both PT Timah and Minsur are committed to responsible mining practices. The partnership will promote the adoption of best-in-class environmental and social standards throughout the supply chain.
- Market Expansion: The partnership will strengthen the companies’ global market presence and allow them to expand into new markets, particularly in emerging economies.
- Innovation and Technology: The partnership will foster collaboration on research and development, leading to the adoption of innovative technologies and improved production processes.
Global Impact:
The partnership between PT Timah and Minsur is expected to have a significant impact on the global tin industry. By increasing production capacity and improving cost efficiency, the companies will help stabilize tin prices and ensure a reliable supply of this essential metal.
Moreover, the partnership’s commitment to sustainability will contribute to the responsible development of the tin industry, minimizing environmental and social impacts.
Executive Quotes:
"This partnership marks a transformative moment for the tin industry," said Achmad Ardianto, President Director of PT Timah. "By joining forces with Minsur, we will create a global leader that will drive innovation, sustainability, and growth."
"We are thrilled to partner with PT Timah, a respected and experienced producer in the tin industry," said Juan Luis Kruger, CEO of Minsur. "Together, we will leverage our complementary strengths to create a more competitive and sustainable future for the industry."
About PT Timah:
PT Timah Tbk is the largest tin producer in Indonesia and one of the largest in the world. The company operates mines in Bangka Belitung and Riau Islands, and has a refining capacity of over 100,000 tons per year.
About Minsur:
Minsur SA is a Peruvian mining company that produces tin, copper, gold, and silver. The company operates mines in Peru, Brazil, and Bolivia, and has a refining capacity of over 150,000 tons per year.
