Legal Analysis of State Losses Due to Unlawful Resumption of Tin Ore Production by PT Timah Tbk

Abstract

PT. Timah Tbk as a national tin mining company which is part of BUMN is the holder of an IUP (Mining Business License). Production operations spread across the Bangka Belitung Islands and Kundur. These IUPs are spread across land and sea areas. To obtain maximum profits, PT. Timah Tbk is required to increase tin ore production which will later become a source of profits as a contributor to dividends or profit sharing to the State. The focus of the problem that will be analyzed is what the legal treatment would be if, in running its business, PT. Timah Tbk, which is currently located as a Subsidiary of a BUMN whose parent company is Mining Industry Indonesia (MIND ID) carries out a program called Increasing Recovery of Tin Ore Production which is not based on the principle of prudence and good faith, a series of criminal incidents occurred which indicated that Good Corporate Governance was not implemented, whether there were unlawful acts that caused losses to the PT. Timah Tbk Company were categorized as state financial losses. Method This research uses a normative juridical method with a case study approach.