Yunnan Tin and MIND ID Forge Global Alliance to Boost Tin Industry Capabilities

CHINA, RAKYAT NEWS- The giant MIND ID, a leading state-owned mining holding company in Indonesia, has strengthened its global position through a strategic partnership with Yunnan Tin Co., Ltd. This collaboration aims to enhance both companies’ competitive edge in the global market.

The agreement focuses on boosting efficiency and competitiveness through resource utilization, mining technology, smelting and refining, international trade, information exchange, and downstream product development.

The partnership was formalized with the signing of the agreement by Ahmad Dani Virsal, President Director of PT TIMAH, and Luke Liu, President of Yunnan Tin, in the presence of Hendi Prio Santoso, President Director of MIND ID, on August 23, 2024, in Kunming, Yunnan.

Hendi Prio Santoso emphasized the importance of proactive engagement in strategic alliances to drive business expansion and downstream development. He highlighted that such collaborations could enhance capabilities and introduce more effective technologies for future mining operations.

“We greatly value the strategic partnership between PT TIMAH and Yunnan Tin. We believe this collaboration will add significant value to the tin industry moving forward,” Santoso said.

Ahmad Dani Virsal of PT TIMAH shared that the partnership with Yunnan Tin will involve the sharing of technical knowledge, expertise, and best practices in managing the tin industry. The collaboration is expected to enhance production capacity, operational efficiency, and open new access to broader international markets.

This strategic agreement also aims to ensure the sustainability of the global tin industry and contribute to the development of the national tin industry, aligning with Indonesia’s Vision 2045.

“The strategic partnership marks a new chapter in our efforts to strengthen our positions in the global market and maximize benefits for both the national and global tin industries,” Virsal added.

Luke Liu, President of Yunnan Tin, described the agreement as a means to bolster technical cooperation in mining, focusing on areas such as mine development, exploration, mining, processing, and tailings management.

The agreement is anticipated to drive mutual excellence and create significant impacts, enhancing both companies’ influence in the tin industry and advancing the global tin sector.

Both parties are confident that this strengthened cooperation will guide industry development and maintain market presence effectively. (Uki Ruknuddin)