Timah needs $20m for exploration

Timah needs $20m for exploration

JAKARTA: State-owned tin miner PT Timah said it needed at
least US$20 million for its exploration activity this year.

Timah president Thobrani said on Thursday that the planned
exploration activities would be focussed on Karimun Island, Riau
and Bangka provinces.

He said that the exploration program was crucial because
Timah's tin deposit was projected to deplete within the next 10
years.

Timah, the world's largest integrated tin miner, said it would
distribute a dividend of Rp 6.43 per share for the financial year
2002. -- JP