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June 02, 2015 12:26 PM ET

Metals and Mining

Company Overview of PT. Koba Tin Tbk

Company Overview

PT. Koba Tin Tbk explores and develops tin resources. The company was founded in 1973 and is based in Jakarta, Indonesia with an additional office in Bangka, Indonesia. PT. Koba Tin Tbk operates as a subsidiary of Bemban Corporation Limited.

Arthaloka Building

12th Floor

Jl. Jend. Sudirman


Jakarta,  10220


Founded in 1973


62 21 251 1566


62 21 252 1532

Key Executives for PT. Koba Tin Tbk

President Director
Age: 60
Manager of Finance and Information Technology
Director of Operations
Manager of Exploration and Development
Manager of Technical and Process
Compensation as of Fiscal Year 2014.

PT. Koba Tin Tbk Key Developments

Local Government And PT Timah Plans To Acquire Koba Tin

Bangka Belitung’s local government and PT Timah (Persero) Tbk (JKSE:TINS) is seeking to acquire PT. Koba Tin from its Malaysian partner. The local government plans to take a 60% stake, while Timah will increase its shares to 40% from 25%. “Their [Malaysian Smelting Corporation] contract expired a year ago. We are now in negotiations with Timah,” said Rustam Effendi, Governor of Bangka Belitung. He declined to disclose details on who will help fund the acquisition, but did reveal that the search for financial backing is ongoing. “We are open to receiving help from a locally owned company or a state-owned company,” Rustam said. “The decision is almost final. We [the local government and Timah] will meet to finalize the matter,” Rustam added.

MSCB Seeks Recourse over Termination of Tin Contract on Indonesian Islands

Malaysia Smelting Corp. Bhd (MSCB) intends to seek recourse with the Indonesian government on the termination of PT Koba Tin's contract of working (CoW)on the Bangka Belitung Islands. MSCB holds a 75% share in PT Koba Tin, with the rest held by PT Timah Tbk. PT Koba Tin will also consider other avenues to safeguard its interest.

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