MSC losses increase but operations remain positive

Aug 19, 2015

Malaysia Smelting Corporation reported a first half 2015 net loss of RM21.2 million (US$5.2 million), due mainly to a write-down of the value of inventories at its Butterworth smelter. In a statement the company said that “notwithstanding the worsening tin...

Metals X: Renison position positive despite low tin price

Aug 6, 2015

Announcing its results for the quarter and financial year to end-June, Metals X Limited (MLX) said that despite the fall in tin prices its 50% owned Renison mine was still generating a cash operating surplus, and that the company looked forward to increasing output...

Indonesian exports down in July

Aug 6, 2015

Preliminary data from Indonesia’s trade ministry confirmed that the tonnage of tin checked by surveyors prior to shipment fell significantly last month. Figures released to Reuters yesterday showed a total volume of to 6,329.92 tonnes, down by 24% on June and by...

China Tin Industry Code of Conduct announced

Jul 31, 2015

The China Ministry of Industry and Information Technology (MIIT) has recently revealed a draft China Tin Industry Code of Conduct which currently has public opinion solicitation status. The new Code of Conduct has 7 aspects including enterprise layout; quality,...

Indonesian tin shipments to be hit by new regulation

Jul 30, 2015

After a surge in sales in June and early July, Indonesian smelters now expect delays in obtaining licences as a new export regulation comes into effect at the end of this week. Tin exports in June were provisionally reported at 8,337 tonnes, well above expectations,...

Huanuni reports first half deficit of US$ 8 million

Jul 30, 2015

The Bolivian state-run tin mine, Huanuni, has reported an operational deficit of US$ 8 million for the first half of 2015 due to high labour costs and the low tin price, despite a cost cutting drive following poor financial performance at the beginning of the year,...