PT Timah (Persero) Tbk (TINS) is preparing to build a rare earth\nmineral processing plant, with groundbreaking set to take place on 20\nMay 2026. This plant for the world\u2019s most sought-after mineral is part\nof directives from Indonesian President Prabowo Subianto.<\/p>\n
Timah\u2019s President Director, Restu Widiyantoro, explained that the\nconstruction of this plant represents a new milestone for the company,\nas rare earth mineral processing has never been undertaken before.<\/p>\n
\u201cAnd this is the main challenge because the current government, under\nPresident Prabowo, has even ordered us, as close as 20 May, to conduct\nthe groundbreaking for the rare earth mineral plant project,\u201d said Restu\nduring a hearing with Commission VI of the Indonesian House of\nRepresentatives, quoted on Wednesday (8\/4\/2026).<\/p>\n
Restu revealed that Prabowo has given direct instructions for the\nproject to be realised immediately, with a target to accelerate\nmonetisation. At the latest, within two years after construction begins,\nthe plant should be able to produce economically valuable products.<\/p>\n
\u201cThe groundbreaking will take place on 20 May, and the President has\nordered that monetisation must occur as soon as possible or at the\nlatest within two years, there must be monetised products. That means it\ncan already generate revenue for the state,\u201d he stated.<\/p>\n
According to him, managing rare earth minerals is relatively new for\nthe company. Nevertheless, they are optimistic about developing the\nsector, drawing on decades of experience in managing tin\ncommodities.<\/p>\n
\u201cWhat is needed is confidence to be ready and bold in managing it\nbecause its value is extraordinary,\u201d he said.<\/p>\n
The economic value of tin-associated minerals has the potential to\nincrease by tens of times if successfully processed into high-value\nproducts, such as for power plants, solar energy, and electric vehicle\nraw materials.<\/p>\n
\u201cAnd this is a challenge for us at PT Timah. Fortunately, we are\nlucky now to have our partner; previously we were alone for decades, but\nnow Perminas, formed by the government in recent months, has started\nworking with us to execute government programmes,\u201d he said.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-set-to-build-rare-earth-mineral-processing-plant-soon-1775638383", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }