Trade Minister and officials happy with new export regulation
Interviews conducted by Bloomberg with leading players involved in Indonesia's new tin export regulation after three months in force reveal general satisfaction with the effects so far. Since 30 August all tin ingot exported must by traded through a local exchange and...
Timah looks for bounce back in sales and profits
Indonesian state tin company PT Timah is looking for a major boost to sales revenues and profits in 2014 as tin prices recover, its President Director Sukrisno told reporters at an investment summit yesterday. The Jakarta Post reported that the company, which saw a...
China exports rise, imports fall
China's net refined tin imports have fallen sharply this year as a result of over-supply in its domestic market and unattractive price arbitrage. According to official customs figures, China exported 826t refined tin and tin alloy in October, up by 560% y-o-y. This is...
MGT outlines 2014 plans for Queensland projects
At its annual general meeting on 7 November, MGT Resources Chairman and Managing Director Jonathan Back confirmed the company's plans to increase its JORC resource base to support an expansion of its Mt Veteran concentrator in Queensland. The company's strategy is to...
Latest developments on Indonesian tin trading
The impact of Indonesia's Ministry of Trade Regulation No 32/2013 on the local industry and global market continues to dominate attention. Bloomberg reported that the Indonesia Commodity and Derivatives Exchange (ICDX), through which all tin ingot exports must now be...
Elementos moves ahead on Cleveland revival
Having completed a merger with Rockwell Minerals at the end of October which gives it a 50% stake in the old Cleveland mine in Tasmania, Elementos Limited is moving ahead to explore various options to produce tin, copper and tungsten from the property, including two...
Indonesian shipments recover
Indonesia's trade ministry said that combined shipments of tin ingots and solder increased sharply to 4,070 tonnes in October, up from only 786 tonnes in September. October exports were split 3,314 tonnes tin ingot and 756 tonnes of solder. The corresponding September...
Minsur reports jumps in tin and gold production
Peru's only tin producer Minsur reported improved third quarter results, based on a recovery in tin production and a faster than expected rise in gold production from its new mine. Minsur's net profit rose by 28% to US$66.8million in the quarter from $52.2 million a...
LME to cut queues, improve transparency
The London Metal Exchange (LME) announced on Thursday that it has approved proposed changes to its warehousing policy designed to cut queues to remove metals at warehouses, following a three-month consultation with the global metals industry. "As the world's leading...