Yunnan Tin reports profit slump

Oct 31, 2012

Yunnan Tin Company Ltd reported that its net profit decreased by 96% in the third quarter of 2012 to RMB 8.32 million. Operating revenue during the period grew 18% year-on-year to RMB 4.4 billion. In the first nine months of 2012 the net profit of YTC was reported at...

DR Congo government wants bigger stake in mine projects

Oct 31, 2012

Plans by Democratic Republic of Congo to raise its stake in new mining projects to 35% from 5% under a revised mining code have unnerved investors, Reuters reported. DR Congo – which holds rich deposits of copper, tin, cobalt and gold – is reviewing its...

Stratos acquires majority stake in Indonesian producer

Oct 31, 2012

Listed Australian gold explorer Stratos Resources is to acquire a 60% share in Yinchen, an Indonesian private smelter with associated mining leases on Belitung island. The Yinchen smelter was established eight years ago and historically produced 300 – 500 tpm of tin,...

Timah production slumps as operations are reorganised

Oct 26, 2012

Indonesia’s PT Timah reported a significant fall in its mine and refined tin production in the first three quarters of 2012 and warned that adjustments to its mining operations required by law from 1 October would have a further adverse impact on productivity in...

PT Timah looks at Myanmar investment

Oct 19, 2012

Indonesia’s state-controlled tin company PT Timah has asked the government of Myanmar for a mining licence as it seeks to boost revenue and reserves, its chief executive told Dow Jones Newswires. “We expect to start operations in Myanmar from next year...

US stockpile sales to resume

Oct 12, 2012

Sales of tin and other materials (mainly ferro-alloys) from the US strategic stockpile are due to re-commence in the new fiscal year. According to a newly released annual materials plan qupted by American Metal Market, DLA Strategic Materials can sell up to 804 tonnes...