China NRDC announces investment restrictions

Nov 9, 2007

China’s National Development and Reform Commission has announced further restrictions on investment in tin and other metals. As of 31 October foreign investors are banned from exploring for or developing tungsten, molybdenum, tin or antimony, and from exploring...

Re-think on US stockpile sales?

Nov 7, 2007

The US Defense Logistics Agency appears to be re-thinking the disposal of the remaining metal held in its stockpile. Last month a major review of stockpile policy was completed by the National Research Council, which concluded that there should be major changes in the...

PT Timah invests in offshore production

Nov 5, 2007

Indonesia’s PT Timah aims to produce up to 60,000 tpy of tin by 2009, based on increased investment in offshore mining, the company’s President Director Wahid Usman told Bloomberg on Friday. Timah may sell 56,000 tonnes of tin this year, Usman said, higher...

Thailand reduces tin royalties

Nov 2, 2007

Thailand’s Ministry of Industry today announced revised royalties for several metals, including gold and tin. Gold royalties have been changed from a flat 2.5% rate to a progressive scale rising up to 20%, which effectively doubles payments at current gold...

PT Timah reports strong Q3 performance

Oct 31, 2007

Indonesia’s PT Timah today reported unaudited third quarter net income of Rp 483.7 billion (US$ 52 million), more than 13 times the profit of Rp. 36.8 billion recorded in the corresponding period of last year. Average margin per tonne in the latest quarter was...

China cuts tin export quota for 2008

Oct 30, 2007

China has cut the 2008 export quotas for tin, tungsten and antimony, Bloomberg News reports, as the world’s fastest growing major economy seeks to reduce its trade surplus and meet local demand for raw materials. The country will allow exports of 33,300 tonnes...