Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Robert Sidauruk
Indonesian Resources Studies (IRESS) is urging the Minister of Energy and Mineral Resources (Minister) not to extend the contract of work (kontrak karya) of PT Koba Tin at Bangka Belitung.
According to Marwan Batubara, Director of IRESS, there are no good reasons for the Government to even consider an extension of the contract. This is due to the fact that PT Koba Tin has continually shown poor performance having recorded continued financial losses and has not been able to contribute any income to the State.
“PT Koba Tin has been detrimental to the State through its inappropriate use of transfers of profit, transfer pricing, tax evasion, and many outstanding debts,” informed Marwan.
Marwan urges that the tin fields in Bangka Belitung managed by PT Koba Tin be transferred to PT Timah (Persero), a State Owned Enterprise (BUMN). He is of the view that it would be even better if the management of the tin field was done through a joint operation with a local Regional Owned State Enterprise (BUMD).
In response to continued insistence to address this matter, Vice Minister, Susilo Siswoutomo, replied that the Government is currently evaluating several matters related PT Koba Tin. The evaluation will take into account all aspects of the company before a decision is made whether or not to extend the contract of work.
“We will consult on this matter with all related authorities. Economic and commercialization aspects will also be taken into consideration prior to making a decision,” says Susilo.
Thabrani Alwi, expert staff of the Minister for Mineral and Coal Division, asserts that if the decision is to extend the contract of work then the Government will ensure the acquisition of PT Koba Tin’s shares is for the greatest benefit to the State. Meanwhile, if the Government chooses not to extend the contract,management of the tin fields will be returned to the State.
PT Koba Tin’s contract of work expired on 31 March 2013. The Government extended the contract for three months for evaluation purposes. During its operating period , PT Koba Tin managed a tin field of approximately 41.000 hectares located in Central and South Bangka. Malaysia Smelting Corporation (MSC) Berhad holds 75% of the shares of PT Koba Tin and the remaining 25% is owned by PT Timah.
In anticipation of the Minister’s decision, PT Timah has entered a Memorandum of Understanding (MoU) with three Regional Owned Enterprises in Banka Belitung. The MoU was signed by the Regency of Central Bangka, the Regency of South Bangka, as well as the Regional Government of Bangka Belitung City.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
Indonesian Resources Studies (IRESS) is urging the Minister of Energy and Mineral Resources (Minister) not to extend the contract of work (kontrak karya) of PT Koba Tin at Bangka Belitung.
According to Marwan Batubara, Director of IRESS, there are no good reasons for the Government to even consider an extension of the contract. This is due to the fact that PT Koba Tin has continually shown poor performance having recorded continued financial losses and has not been able to contribute any income to the State.
“PT Koba Tin has been detrimental to the State through its inappropriate use of transfers of profit, transfer pricing, tax evasion, and many outstanding debts,” informed Marwan.
Marwan urges that the tin fields in Bangka Belitung managed by PT Koba Tin be transferred to PT Timah (Persero), a State Owned Enterprise (BUMN). He is of the view that it would be even better if the management of the tin field was done through a joint operation with a local Regional Owned State Enterprise (BUMD).
In response to continued insistence to address this matter, Vice Minister, Susilo Siswoutomo, replied that the Government is currently evaluating several matters related PT Koba Tin. The evaluation will take into account all aspects of the company before a decision is made whether or not to extend the contract of work.
“We will consult on this matter with all related authorities. Economic and commercialization aspects will also be taken into consideration prior to making a decision,” says Susilo.
Thabrani Alwi, expert staff of the Minister for Mineral and Coal Division, asserts that if the decision is to extend the contract of work then the Government will ensure the acquisition of PT Koba Tin’s shares is for the greatest benefit to the State. Meanwhile, if the Government chooses not to extend the contract,management of the tin fields will be returned to the State.
PT Koba Tin’s contract of work expired on 31 March 2013. The Government extended the contract for three months for evaluation purposes. During its operating period , PT Koba Tin managed a tin field of approximately 41.000 hectares located in Central and South Bangka. Malaysia Smelting Corporation (MSC) Berhad holds 75% of the shares of PT Koba Tin and the remaining 25% is owned by PT Timah.
In anticipation of the Minister’s decision, PT Timah has entered a Memorandum of Understanding (MoU) with three Regional Owned Enterprises in Banka Belitung. The MoU was signed by the Regency of Central Bangka, the Regency of South Bangka, as well as the Regional Government of Bangka Belitung City.
(hot/kc)