Exploration boosts Renison reserves

Jul 19, 2013

Metals X has released new resource and reserve figures for its Australian mines and projects as at 30 June, the end of its financial year. Continuing exploration and resource definition at the Renison mine, in which it has a 50% stake, has boosted its tin inventory,...

Yunnan Tin back in black

Jul 15, 2013

Yunnan Tin Co. Ltd., the listed arm of the Yunnan Tin Group, reported a first half net loss of RMB 41.3 million (US$6.04 million), much improved on an earlier forecast of a loss of up to RMB 110 million for the period. After a first quarter loss of RMB 112 million,...

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...