Mittal ordered to sell Sparrows Point plant

Feb 21, 2007

The US Department of Justice ruled on Tuesday that Mittal Steel should divest its Sparrows Point plant to satisfy anti-trust considerations relating to the tin mill products business in the USA. The DOJ ruling is due to the large share of tin mill products sales...

Indonesia to grant new tin export licences on Friday

Feb 21, 2007

Up to seven tin producers may be granted export licences by the Indonesian Trade ministry on Friday. Diah Maulida, Director General for foreign trade at the ministry, told Dow Jones Newswires today that applications were currently being evaluated and that export...

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...