Minsur reports Q1 profit jump

May 5, 2010

Peruvian tin producer Minsur saw its net profit increase 74% in the first three months of 2010 to 230 million soles (US$80 million) from 133 million soles year-on-year, the company reported to securities regulator Conasev. Sales revenue jumped 86% to 563 million soles...

US government stockpiling plan due soon

May 5, 2010

The Pentagon is likely to present a plan for Congress to overhaul its stockpiling program in the coming weeks, according to the Wall Street Journal on 3 May. The new plan, dubbed the Strategic Materials Security Program by the Pentagon, would give the military greater...

Huanuni development work continues

May 5, 2010

Bolivian state tin miner Empresa Minera Huanuni (EMH) has started the construction of a tailings dam that will mitigate environmental impact in the surrounding area, EMH manager Roberto Montaño told BNamericas. The dam, which will have a storage capacity of 5Mt...

Timah reports higher profits, lower production

Apr 29, 2010

PT Timah reported a ten-fold increase in its net profit to Rp 141.8 billion (US$15 million) in January-March 2010, with its margin per tonne rising from $176/tonne to $3,262/tonne. However its refined tin production declined by 11% year-on-year to 9,266 tonnes. The...

Yunnan Tin reports much improved Q1 results

Apr 23, 2010

China’s Yunnan Tin Company, the world’s largest producer reported a 164% year on year increase in net profit to RMB 71.7 million yuan. (US$10.5 million), while sales grew 43% to RMB 2.04 billion. In the January to March period, it produced 17,134 tonnes of...

Minsur to open gold mine

Apr 23, 2010

Peru’s Minsur, which operates the world’s largest tin mine, will diversify into gold production by the final quarter of 2010. Minsur said in a filing to the local securities regulator that the Pucamarca mine, located in the southern region of Tacna, will...