MSC still waiting for Koba decision

Aug 8, 2013

Malaysia Smelting Corporation said on Friday that had been advised by Indonesia’s Minister of Energy and Mineral Resources (MEMR) that a decision on an application to extend the Contract of Work for its 75%-owned subsidiary PT Koba Tin had been deferred until...

Minsur profits fall in first half

Aug 5, 2013

Peru’s only tin producer, Minsur SA, reported a 20% drop in first half profit to US$120 million, according to an official filing reported by BNAmericas. The fall was attributed to lower tin production and cost increases associated with the start-up of its...

Renison makes slow progress

Jul 30, 2013

Tin-in-concentrate production at the Renison mine fell marginally in the quarter to end-June to 1,512 tonnes, but productivity improved during the course of the quarter and the mine continued to generate cash flow which is being ploughed back into mine development and...

Timah reduces 2013 sales forecast

Jul 29, 2013

Tin sales by Indonesia’s state tin company PT Timah may drop to 28,000 tonnes this year as prices extend a decline because of slowing global demand, President Director Sukrisno told Bloomberg. This would be a 20% fall from the 34,934 tonnes it sold last year and...

Reuters survey points to flat metals price outlook

Jul 29, 2013

The latest six-monthly survey of analysts’ LME metals price forecasts published by Reuters on 22 July indicated that most are cautious about any significant recovery in prices in the second half of 2013 and into 2014. A number expect a fall in copper prices, and...

New export rules dismay Indonesian producers

Jul 19, 2013

The decisions by the Indonesian trade ministry to revise export quality regulations and to require that tin exported be traded through a local market has produced critical reactions from producers surveyed by Bloomberg. Agung Nugroho, corporate secretary at PT Timah,...