This research is aimed to gain deeper understanding on the stakeholder relation held by PT Timah Indonesia and its changes based on Peraturan Pemerintah No 1 2017. The issue of the PP No 1 2017. The thesis question discussed in this research to what extend the Corporate Capitalism Practices applied by PT Timah Indonesia based on the mining practices in Bangka Belitung Island.The theory aplied in this research is the Stanley Deetz Critical Perspective of organization theory. The theory is explaining about the collaborative decision making between stakeholders in company. The methodology applied in this research is the Critical Discourse Analysis by Teun A Van Dijk. The result of the research is the return of power to Central Government and re – mapping the stakeholders of PT Timah. The position of the Inalum as the agent of Central Government has main function in integrating the informations from PT Timah and other mining companies so that the Central Government will be well informed of the condition on each of the companies.