[SMM News] After Violent Protests, PT Timah Agrees to Directly Purchase Tin Ore from Small-scale Miners Miners at 300,000 IDR per kg

On October 6, 2025, thousands of Small-scale Miners gathered at the headquarters of PT Timah Tbk in Bangka Belitung, Indonesia, to voice their demands for adjustments to the tin trade system.

In response, PT Timah announced key adjustments on the same day: it significantly raised the purchase price for SN 70-grade tin sand (containing 70% tin) from IDR 180,000–200,000 per kg to IDR 300,000 per kg. At the same time, the company eliminated intermediary partners and shifted to making payments directly to miners, resolving the previous issue of payment delays lasting several weeks.

These adjustments came at a critical time when Indonesia was comprehensively rectifying the tin industry. Indonesian President Prabowo recently ordered the closure of multiple illegal mining sites in Bangka Belitung and blocked smuggling channels. PT Timah's measures align with the government's governance direction, aiming to guide resources into formal trade channels by safeguarding the income of legal miners. West Bangka Regent Markus welcomed this decision, and Bangka Belitung Governor Hidayat Arsani also emphasized that the price meets the community's expectations.