CRU-ITRI Report Forecasts 30,000 Tonnes Tin Supply Shortfall In 2007

Feb 19, 2007

The February issue of the CRU Tin Monitor report, now produced in association with ITRI, forecasts that Indonesian supply issues will result in a major run down in tin stocks this year. Following recent problems in Indonesian and Bolivia, the LME tin price has risen...

Bolivian government invests $25 million in Vinto smelter

Feb 18, 2007

Following the nationalization of the Vinto tin smelter formerly operated by a subsidiary of Glencore International on 9 February, the Bolivian government has said that it will invest US$25 million in it. About $10 million will be made available immediately to make...

PT Timah denies shipment problem

Feb 16, 2007

Indonesia’s state-controlled tin company PT Timah has denied news reports that it may have its exports halted by new regulations that come into effect later this week. "Tin exports are still ongoing. There is no problem with our shipment. We are now working...

Yunnan Tin sales rise, profits fall

Feb 13, 2007

Yunnan Tin Company (YTC), the world’s largest tin producer, reported a 25% fall in profits in 2006, despite a 33% increase in its sales. Net income fell to 212.6 million yuan (US$27 million) from the previous year’s 285.1 million yuan, the company said in...

Koba Tin declares force majeure

Feb 12, 2007

Malaysia Smelting Corporation (MSC) said today that force majeure had been declared on shipments from its PT Koba Tin subsidiary in Indonesia. This follows a continuing investigation into its ore purchases and the arrest of several Koba executives at the weekend. MSC...

Bolivian troops seize Vinto tin smelter

Feb 12, 2007

On Friday more than 200 troops occupied the 12,000 tpy Vinto tin smelter in Bolivia. The soldiers entered the facility after Bolivian President Juan Evo Morales Ayma arrived to sign a decree nationalizing the plant, the country’s largest operating smelter. The...