Prabowo hands over six smelters to Indonesian tin firms

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Indonesian President Prabowo recently traveled to the Bangka Belitung Islands to inspect a refinery and symbolically hand over six smelters seized by the Attorney General's Office to PT Timah.These smelters are worth about7 trillion rupiah, previously operated by private companies that broke the law and were involved in illegal mining.

Prabowo in Bangkat Penang, capital of the Bangkat Belitung Islands.PT Tinindo Internusa SmelterWhen inspections are conducted, they are carried out byAttorney General, Minister of Energy and Mineral Resources, Minister of Investment and Downstream Industryaccompanied by a number of senior officials, including At the handover ceremony, Prabowo said that the smelters arePT Timah mineIllegally operated facilities, those responsible have been penalized and assets have been seized by the authorities. In addition to the smelter itself, the seized assets includedRare earths and tin ingotsand other minerals.

Prabowo noted that these rare earths in themonaziteIt can be worth up to $200,000 per ton. He also mentioned that the six companies involved had caused theState losses up to 300 trillion rupiahIt was emphasized that the Government had put a stop to this loss. The handover marks the Government's commitment toA strong response to illegal mining and mismanagement of resourcesThe aim is to restoreTransparency and legitimacy of national resource managementThe same time, the strengthening of theControl of strategic resources such as tin and rare earthsThe

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