+62 717 425 8000
December 10 ,2017
Global Tin Mining Company PT Timah Tbk and Topwide Ventures Limited Nigeria Agreed on Cooperation
Based on Abuja Nigeria Monday 10/12/2017, PT Timah Tbk affirmed its vision as a Global Mining Company by executing the signing of a Joint Venture Agreement (JVA) with a company based in Nigeria, Topwide Ventures Limited. This cooperation is a gradual implementation of investment and internal investment of PT Timah Tbk in a Joint Venture Co company established by both companies that will manage exploration, mining, processing and purification, transportation, sales & marketing of tin and derivative minerals located in Nigeria.

The signing of this JVA was carried out by President Director of PT Timah Tbk, Mochtar Riza Pahlevi and Chairman of Topwide Ventures Limited Clement Annie Okonkwo at Hotel Fraser Abuja, Nigeria. The signing of the JVA was witnessed by Director Planning, Research and Statistics Davis Olakode representing the Minister of Mines and Steel Development Nigeria, Indonesian Ambassador to Nigeria Harry Purwanto, Chairman of Solid Minerals Development Fund Alhaji Saidu Malami, and Distinguished Senator Ibrahim Mantu, Former Deputy Senate President of Nigeria also Topwide Ventures Ltd CEO Tony Okonkwo, Executive Director Uchenna Harris Okonkwo and Corporate Secretary Mrs. Christie Ndubuisi.

Indonesian Ambassador to Nigeria Harry Purwanto asserted that PT Timah Tbk's move to implement this international cooperation is a monumental, historic and strategic move especially for good relations between the two countries. "PT Timah Tbk is a company with the first government control of the Republic of Indonesia to implement business expansion in Nigeria. This is a good example for Indonesian investors who want to invest in Nigeria. In the future we will see together that this project is expected to work well and generate benefits not only for Nigeria but also for Indonesia. For that we are grateful to PT Timah for the realization of this cooperation "explained Harry.

The future Joint Venture Co. will optimize the mining concession area of 16,000 ha and is targeted at an early stage to have a production capacity of up to 5,000 Mton of Ingots per year. In the near future, it is planned that the West African-based company will soon complete the initial process to be able to build the factory and targeted by 2018 can already start construction.

Chairman of Topwide Venture Limited Annie Okonkwo stated that the cooperation of the two companies is a step that will have a positive impact on the economy not only for Nigeria but also for Africa.

PT Timah Tbk started a breakthrough after some time ago officially became part of Holding Mining Industry of Indonesia, now PT Timah Tbk execute a leap into the global arena where Nigeria became an expansion of the company's business. The company sees Nigeria as a potential deposit-based tin producer and also has a long history of world pertimahan.

President Director of PT Timah Tbk, M Riza Pahlevi, with the signing of the JVA, PT Timah Tbk as one of the largest integrated tin mining company in the world is very pleased to build cooperation with Topwide Ventures Limited. This cooperation is also strengthened with the full support of the Nigerian government. "Hopefully this cooperation can provide benefits not only for both companies but also to Indonesia and Nigeria as State" Riza firm

At the same venue, Chairman of Solid Minerals Development Fund Alhaji Saidu Malami said the partnership with PT Timah is expected to realize the tin industry in Nigeria and make Nigeria a country that has a role and a global concern. "It is clear to us PT Timah Tbk is one of the best tin mining companies in the world and we are very excited to be a part of it and also we are proud to be an important tin producing country for the world."

With this cooperation is expected PT Timah Tbk increasingly concerned about realizing the vision to grow into a world-class tin mining company.

For information :

Corporate Secretary (Amin Haris Sugiarto)


Public Relations (Anggi Siahaan)


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Status Value
Date Thursday, January 01 1970
Sumber: Yahoo! Finance
Total issued and outstanding shares 7.447.753.454