REPUBLIKA.CO.ID, JAKARTA - Indonesia's biggest tin miner, PT Timah will pay dividend of 184.13 billion IDR to government and 99.15 billion IDR to public shareholders. About 231.78 billion IDR out of 515.1 billion IDR of net profit will be kept as fund reserve. Company's net profit in 2013 increased 19 percent compared to 2012.

"The increase was driven by the rising of metal price at Indonesia Commodity and Derivatives Exchange (ICDX)," President Director of Timah, Sukrisno said recently.

The implementation of government regulation No. 23/2013 was also considered to have positive impact on mining business sustainability in Indonesia by increasing product's competitiveness.

Timah will build a processing plant in Tanjung Ular, Bangka Belitung. Sukrisno said that company had allocated 15-20 billion IDR for the plant construction, which would produce 50 kilogram of hydroxide per day. The factory is expected to start its production in 2015.

Hidrooksida price is 10 times higher compared to common products. The result will be exported to European countries, East Asian countries, Japan and Korea. The rare earth element is very important as raw material for making electronic products, such as TV screens, laptops, cell phones and others. 

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