Consolidated Tin Mines to acquire Snow Peak assets
ASX-listed Consolidated Tin Mines Ltd. (CSD) has signed an agreement to purchase all the assets of Snow Peak Mining Pty Ltd. (SPM). In return, CSD will issue SPM shares and convertible notes, and make payments over a 12 month period of $2 million. The deal, if...
ITRI appoints new Chairman from Yunnan Tin Group
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...
Victory Mines acquires South American Tin
Victory Mines Limited shareholders have approved the acquisition of South American Tin Limited (SAT) via a share exchange deal which will be finalised in the coming weeks. SAT has 80% ownership of 8 early-stage Bolivian tin projects via its local subsidiary, which is...
Positive developments at Achmmach
Australian based Kasbah Resources has recently completed metallurgical test work reporting 78% tin recovery for the Western Zone of its Achmmach tin project in Morocco, where recent drilling has also extended the zone of mineralisation. Process flow sheet enhancements...
Korean stockpile announces latest tin purchases
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 100...
Indonesian smelters predict lower sales in fourth quarter
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 cost of...
Renison hits production record
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. Production of...
Finance sought for Cinovec scoping study
Australian based tin explorer European Metals Holdings Ltd. is aiming to raise US$960,000 to fund a scoping study at its Cinovec tin-tungsten-lithium project in the Czech Republic via a fully underwritten non-renounceable rights issue. As a result of the EU funding...
Indonesian September exports higher than predicted
Preliminary data released by Indonesia's trade ministry today showed that 5,442 tonnes of tin was checked prior to shipment by surveyor companies in September, up by 51% compared to August. The tonnage checked comprised 5,252 tonnes of refined tin ingot, 69 tonnes of...