“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Tuesday, January 06, 2009

Timah to spend $21.3 million to buy new vessels

The Jakarta Post, Jakarta | Tue, 01/06/2009 11:09 AM  

State mining company PT Timah, the country's largest tin exporter, will purchase four vessels this year representing a total investment of Rp 230 billion (US$21.3 million), aimed at supporting its planned expansion in offshore exploration. 

Timah president director Wachid Usman said on Monday the offshore expansion would account for around 50 percent of the company's output this year, from the current 30 percent. 

Indonesia, the world's second-largest tin producer after China, has vast tin reserves in its territorial area, with those located offshore still untapped. 

Timah would allocate Rp 200 billion for buying a big vessel and some Rp 30 billion for the smaller ones. 

Wachid said the vessels would be used to carry the minerals to onshore processing plant. However, Wachid did not mention the source of the funds for the purchase. 

Timah plans to maintain production target similar to last year at around 60,000 tons. 

"The production this year will be more or less the same as last year," he said. 

However, as of third quarter of 2008, Timah produced 38,585 tons, or 24 percent lower than the 2007 level. During the same period, Timah posted an 18 percent jump in net profits to Rp 1.49 trillion from Rp 1.26 trillion. 

Due to the decline in global tin prices, the government has announced that national tin output might decline by 13 percent to 79,210 in 2008 tons from 91,280 tons in 2007. 

Tin prices have declined by more than 40 percent last year on the back of slower demand. 

Director general of minerals, geothermal and coal Bambang Setiawan said, as quoted by Bloomberg, that the country might set a tin production quota of less than 80,000 tons this year.

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