Indonesia Hands Over Six Seized Tin Smelters to State Miner.

The article focuses on Indonesia's recent transfer of six seized tin smelters to the state-owned miner PT Timah as part of a broader effort to combat illegal mining. The smelters, previously owned by five companies in the Bangka Belitung Islands Province, were confiscated during a corruption investigation and are valued between 6 trillion and 7 trillion rupiah (approximately $362 million to $422 million). President Prabowo Subianto emphasized the government's commitment to addressing illegality in the commodities sector, which has already seen the seizure of palm oil plantations and nickel mines. The crackdown on illegal mining is significant as it may impact the country's tin exports, with prices already rising in anticipation of reduced supply. [Extracted from the article]