Yunnan Tin in $634m share sale to fund copper, lead projects

Jul 15, 2013

Yunnan Tin Co plans to raise up to 4.08 billion yuan ($634 million) in an A-share offering to undisclosed investors to finance its plans to acquire mining assets and expand copper and lead smelting capacities. Yunnan Tin plans to use 1.135 billion yuan of the proceeds...

Yunnan Tin reports slump in first half profit

Jul 15, 2013

Yunnan Tin Company reported a net profit of RMB 77.1 million (US$12.1 million) for the first half of 2012, down 78% year-on-year. In the period its operating revenue slid 12% from the same period last year to RMB 5.62 billion ($885 million). While there was an...

Yunnan Tin chairman under investigation

Jul 15, 2013

The chairman of Yunnan Tin Group and its listed subsidiary Yunnan Tin Company, Mr Lei Yi is under investigation for alleged “serious disciplinary violations”, according to a company statement reported by Dow Jones. Dow Jones noted that this phrase is...

Yunnan Tin to relocate tin smelter

Jul 15, 2013

Yunnan Tin is to spend 3.5 billion yuan (US$566 million) to relocate its main smelting facility in Gejiu city, in accordance with government environmental policies. Of the total, plant construction is estimated to amount to 1.9 billion yuan ($307 million). The...

YTC profit warning

Jul 15, 2013

Yunnan Tin Co Ltd announced on Friday that it would make a major loss in the first half of 2013 as a result of falling tin prices. In an announcement to the Shenzhen stock exchange the company forecast a net loss of CNY 910 – 980 million (US$ 148 – 160 million) in...

Indonesian June export surge

Jul 10, 2013

Preliminary data released by Indonesia’s trade ministry today indicated a surge in tin shipments in June, ahead of new purity regulations that came into place on 1 July. The tonnage of tin surveyed in pre-shipment checks rose to 11,111 tonnes last month, 15.2%...