Mining Save The Day

Shares of mining companies advanced further this morning to respond third quarter results and relatively strong price of coal and metal in the fourth quarter. For the State, strong performance of mining companies means higher revenues in the form of royalty and corporate income tax. Revenues in the form of royalty and tax from Timah (TINS), for example, jumped 61.6% year-on-year to Rp551 billion in Jan-Sep 2017.

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