WBMS: tin market deficit in 2008, but consumption down

Feb 19, 2009

Preliminary data on world supply and demand in 2008 released by the World Bureau of Metal Statistics (WBMS) yesterday showed that, of the six LME metals, tin was the only one with a supply shortfall. However tin consumption fell more last year than demand for the...

Business as usual as Koba Tin executive is detained

Feb 18, 2009

The head of Indonesia’s second-biggest tin producer, PT Koba Tin, has been detained for alleged illegal mining, the prosecutors office on the tin-producing islands of Bangka-Belitung told Reuters on Tuesday. Kamardin Md Top, the President Director of Koba Tin,...

Indonesian January shipments at new low

Feb 17, 2009

The volume of refined tin checked prior to export from Indonesia in January amounted to 6,186 tonnes, 38% lower than the quantity inspected in January 2008, according to Ministry of Trade data released on Monday. However because around 3,500 tonnes was held back for...

Vinto investment pledge

Feb 16, 2009

Bolivia’s President Evo Morales has guaranteed a US$20 million payment for installation of a new smelting furnace to help upgrade the Vinto metallurgical complex, state news agency ABI reported last week. "We are committed to making significant changes. We...

Metals X to sell Collingwood project

Feb 12, 2009

Metals X announced on 12 February that it has agreed to sell a subsidiary company, Bluestone Nominees, to Icon Resources. Bluestone controls the Collingwood tin mine in North Queensland which Metals X shut down in May last year due to a limited reserve life and...

Yunnan starts real tin stockpile

Feb 11, 2009

The Yunnan government has agreed to buy 6,000 tonnes of tin from Yunnan Tin Company. The metal had already been reserved as part of a short-run stock financing scheme, due to run to the end of December, but this has now been converted into an outright purchase....