Timah cancels to acquire Australian mining business
President Director of PT Tambang Timah, Wachid Usman said that the company was canceled a plan to acquire a mining business in Australia because it is no longer profitable.
The Australian mining field is an old mining site which had been abandoned for a long time with a remaining tin reserve of about 11,000 million tons.
Now, the state-owned tin mining company was still trying to find new mining locations both at home and abroad such as in other countries like China, Cambodia, Vietnam and Myanmar.
