China production up and down

Nov 13, 2008

Official production figures released by China’s National Bureau of Statistics today show a large rise in output in October, but year-to-date production still running more than 10% down on 2007 levels. ITRI believes that the figure reported for last month is...

MSC reports healthy results to September

Nov 10, 2008

Malaysia Smelting Corporation posted a pre-tax profit of Malaysian Ringgit 55.6 million (US$15.5 million) for the nine months ended September 30, 2008, up 28.8% from the same period in 2007. For the third quarter ended September 30, 2008, pre-tax profit was RM 22.0...

NOK defaults on bonds

Nov 7, 2008

The financial problems of Russia’s only tin smelter have deepened. Chairman of the Board of Directors of Novosibirsk Tin Integrated Works (NOK ) Vladimir Sherstov said that the plant failed to raise RUR347 million (US$12.9 million) to redeem bonds. A technical...

Indonesian supply cuts confirmed

Nov 7, 2008

Preliminary data released by Indonesia’s Ministry of Trade today, shows a sharp fall in metal approved for export in October. Meanwhile state tin company PT Timah confirmed that it expects to produce only 45,000 tonnes this year, implying a 50% plus fall in...

Leading Chinese producers cut production

Nov 4, 2008

Most of China’s larger tin producers have announced production cuts in response to low prices and weaker demand. Yunnan Tin Company, the world’s largest tin producer, said it plans to cut output by about 30% in the fourth quarter. The fall in tin prices...

Metals X hit by market conditions, start-up delays

Nov 3, 2008

Metals X’s plans to establish a major tin production base at the Renison project in Tasmania are running behind schedule, although the Mt Bischoff mine is reported to be working at full planned capacity. However the company’s plans to start by-product...