PT Timah results improve and stocks build

Oct 31, 2014

PT Timah announced much improved third quarter financial results, as well as rising production and stocks. Net profit in the nine months to end-September rose by 141% year-on-year to Rp 341 billion (US$28 million), but in a statement the company said that it would...

Timah chief provides update on Myanmar plans

Oct 28, 2014

In an interview with the Jakarta Post on 23 October, PT Timah President Director Sukrisno said the state-controlled tin company was currently conducting a study for a smelter in Myanmar that was expected to conclude by year-end. “We hope to start construction of...

ITRI appoints new Chairman from Yunnan Tin Group

Oct 24, 2014

ITRI is pleased to announce that its next Chairman will be Mr Gao Wenxiang, General Manager of Yunnan Tin Group (Holding) Co., Ltd. The decision was agreed unanimously at the annual board meeting for ITRI member companies, which took place in London to coincide with...

Korean stockpile announces latest tin purchases

Oct 17, 2014

At its fifth tender of this year South Korea’s Public Procurement Service (PPS) bought 300 tonnes of Malaysian tin via LG International, bringing total purchases in the year to date to 1,200 tonnes. The tin is due to arrive at Incheon port by 15 December, with...

Indonesian smelters predict lower sales in fourth quarter

Oct 14, 2014

A poll of Indonesian smelters carried out by Bloomberg gave a median forecast of exports in the fourth quarter of this year at 16,000 tonnes, as a result of lower prices and stricter controls. “Shipments may slow this quarter as prices have dropped to near the...

Renison hits production record

Oct 14, 2014

Unaudited monthly production data released by major Chinese shareholder L’sea Resources shows that production at the Renison mine in Tasmania, Australia’s only major tin mine, hit the highest quarterly total since the operation was re-opened in 2008....