Minsur profits and production decline

Nov 22, 2012

Peruvian tin producer Minsur’s net profits fell 82 % year-on-year to US$15.5 million during the third quarter, Business News Americas reported, quoting a company filing with local securities regulator SMV. Operating income fell 68 % to US$43.7million. Revenues...

Mystery boom in Indonesian shipments

Nov 12, 2012

Latest preliminary data for Indonesian exports indicate a very high level of shipments in October, despite reports of falling production there. The tonnage of tin checked prior to shipment by surveying companies working for the trade ministry amounted to 11,048 tonnes...

PT Koba Tin operations shut down

Nov 7, 2012

Malaysia Smelting Corporation will suspend mining and smelting operations at its majority-owned Indonesian tin unit to stem losses ahead of the expiry of a mining contract, Reuters reported. MSC’s decision to halt operations at PT Koba Tin precedes the expiry...

China cuts 2013 tin export quotas to 17,000 tonnes

Nov 7, 2012

China will cut 2013 export quotas for tin by 5.6% from this year to 17,000 tonnes, following a cut of 4.8% for 2012, the Ministry of Commerce reported. China’s tin exports have fallen considerably since 2008, when the export tax was increased to 10%. The rise of...

Renison mine in good shape

Nov 7, 2012

Metals X reported improved performance at its 50% owned Renison mine in Tasmania and sees its continuing investment in rehabilitation and exploration starting to pay off. Production of tin-in-concentrate in the September quarter was 1,485 tonnes, up 6.5% on the...

China tin imports remain high

Oct 31, 2012

China imported 3,318t refined tin in September according to China Custom data, up by 13% compared to August, although the rise in LME prices last month had eliminated obvious arbitrage opportunities. We believe the high volume was due to delayed arrivals of shipments....