Indonesian tin exporter buys four vessels

Indonesia’s largest tin exporter, PT Timah has announced plans to purchase four vessels in 2009 in a fleet investment programme worth US$21.3 million.

The state mining company said that it aimed to expand its offshore exploration division to 50 percent of the company’s total output for 2009, against the 2008 figure of 30 percent. Timah President Director Wachid Usman said that the company would buy one large vessel and three smaller ones.

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