Timah reports record margins, slump in production

Apr 28, 2008

Indonesia’s PT Timah today reported another very strong quarterly financial performance, but a sharp drop in tin production. Net profit in the three months to end-March was up 55% on the same period of 2007 to Rp 487.3 billion (US$52.4 million), while the...

Police repel pirate attack on Timah dredge

Apr 28, 2008

A pirate attack on PT Timah’s Singkep 17 tin dredge in the early hours of Sunday morning was thwarted by the Riau islands water police. Five of the 10 men involved in boarding the dredge are now under arrest in Batam, in northern Indonesia. The pirates, using a...

China’s tin production recovers in March

Apr 25, 2008

Following the major weather-related disruptions suffered in January and February, there was a partial revival in Chinese refined tin production in March. However first quarter production was still down 13% on year-ago levels. Statistics from the China Nonferrous...

China net imports continue

Apr 22, 2008

Official customs statistics released and reported by Reuters today showed that China remained a net importer of refined tin for a third consecutive month in March. Exports last month amounted to only 58 tonnes, while imports were 1,195 tonnes. Since last September...

Paranapanema presents new re-financing plan

Apr 22, 2008

Brazilian mining and metals company Paranapanema has presented a proposal to securities regulator CVM to issue convertible debentures worth up to 900 million reais (US$541 million), according to Business News Americas. The offering is part of a financial restructuring...

Antaike forecasts 10% growth in China’s tin consumption

Apr 21, 2008

China’s refined tin usage is forecast to rise by 10.4% from 132,300 tonnes in 2007 to 146,000 tonnes this year, according to the country’s leading non-ferrous metals research organisation, Antaike. In a presentation at the ITRI-Metals Events international...