"PT Timah Tbk will still exist and operate in its operational areas in Bangka Belitung, Riau, and Riau Islands," President Director of PT Timah Tbk Riza Pahlevi stated here on Monday.
He explained that currently, the existence of PT Timah is quite recognized by the world`s tin market.
"PT Timah is currently the second largest tin producer in the world after China, and PT Timah`s performance is also getting better due to the support of the local government and the people," he remarked.
Finance Director of PT Timah, Emil Ermindra, noted that although the company`s performance is improving, it still faced weather and export regulations in the first quarter of 2018.
"Until March 2018, the company earned a positive profit, but the high intensity of rainfall poses another problem," he revealed.
In addition, there are changes in export regulations by the government; however, it is no big case even though it still below the target.
"We are still optimistic that this year`s target will be achieved well," he asserted.
The event was attended by President Director of PT Timah Tbk, Riza Pahlevi Tabrani, and accompanied by Corporate Secretary Amin Haris Sugiarto, Director of Human Resources and General Muhammad Rizki, Operations Director Alwin Albar, and Finance Director Emil Ermindra at Hotel Borobudur Jakarta.
Reported by Aprionis