Indonesian firm discovers 5,000 tons tin reserves

Indonesian mining firm PT Timah (TINS) has discovered 5,000 tons of tin reserves in Riau Islands Province, the company said Tuesday.

The explorations in Singkep district found tin reserves of 0. 385 kg per square meter, the company's corporate secretary Prasetyo Saksono said in a report to the Jakarta Stock Exchange.

"The preliminary results until August 2006 suggested new (tin) reserves of 5,000 tons with the content of 0.385 kg per square meter. But definite results must wait for laboratory tests," he said.

The explorations cost the company 10.6 billion rupiah (around 1. 2 million U.S. dollars).

Source: Xinhua