Timah proposes reduced dividend to support investment plan

Apr 16, 2012

Indonesia’s state-controlled tin producer PT Timah is proposing lower dividend payments than normal at its annual general shareholders meeting, taking place on 19 April, in order to allow more investment in upgrading its production facilities. “From year...

MSC appoints Chua as Deputy CEO

Apr 11, 2012

Malaysia Smelting Corporation has appointed Chua Cheong Yong as Deputy Group Chief Executive Officer, and Mohamed Yakub Bin Ismail as the company’s Chief Operating Officer. In a statement to the Bursa Malaysia Exchange MSC said that Mr Chua “will continue...

Indonesian tin volume slower in March

Apr 11, 2012

Refined tin shipments from Indonesia, the world’s top exporter, fell 4.9% in March compared to a year ago, mostly due to heavy rainfall, a trade ministry official told Reuters. The tonnage of tin metal checked prior to shipment in March was 8,608 tonnes,...

YTC reports improved 2011 results, but warns on Q1 weakness

Apr 11, 2012

Yunnan Tin Company, the world’s largest tin producer, said on Tuesday that its net profit for 2011 increased 92% year-on-year to RMB 703 million yuan (US$112 million at current exchange rates). According to a filing with the Shenzhen stock exchange reported by...

No plan for Indonesian tax rise

Apr 4, 2012

Indonesia is not formally discussing a suggestion from the Industry Ministry to tax exports of coal and minerals Bloomberg reported, following interviews with government and industry officials. The clarification came following reports yesterday that the ministry was...

Rumours of Cookson electronics divestment

Apr 4, 2012

There has been speculation in the UK and international financial press that Cookson plc is planning to spin-off its electronics division, which is the world’s largest producer of solders. The story first appeared in the Sunday Times newspaper at the weekend,...