PT Timah looks offshore

Jun 25, 2008

Indonesia’s PT Timah plans to boost the proportion of its tin production coming from offshore mining from 20% in 2007 to 50% by 2009, President Director Wachid Usman told Reuters on Tuesday. The company plans to build seven new small dredges with a total cost of...

Indonesia issues 19th tin export licence

Jun 24, 2008

Indonesia’s trade ministry has granted a nineteenth tin export licence, according to a Bloomberg report today. “We gave the license to PT Belitung Industri Sejahtera on June 10,” Hartojo Agus Tjahjono, the ministry’s export director of mining...

Paranapanema plans debt reduction, possible acquisitions

Jun 18, 2008

The board of Brazilian mining and metals group Paranapanema approved a capital increase on June 13 aimed at reducing the company’s debt, according to Business News Americas. The group will raise between 381 and 645 million reais (US$234 – 396 million) from...

Novosibirsk results improve

Jun 18, 2008

Russia’s Novosibirsk Tin Works (NOK) reported that its operating profit increased to 36.1 million roubles (US$1.5 million) in the first quarter of 2008, up by 18% from the same period last year. In a statement reported by Interfax, the company said its operating...

China’s production, exports fall again in May

Jun 16, 2008

Preliminary official production and trade figures released today show a continuing decline in Chinese refined tin production and negligible exports for the fourth month in a row. National Bureau of Statistics data reported by Reuters shows May refined tin production...

Bolivian government backs Huanuni expansion

Jun 12, 2008

Bolivia’s government has guaranteed a US$84 million investment to upgrade the country’s largest tin mine, state news agency ABI reported yesterday. Management of Empresa Minera Huanuni, part of the state mining company Comibol, are required to present...