Minsur profits fall in first half
Peru's only tin producer, Minsur SA, reported a 20% drop in first half profit to US$120 million, according to an official filing reported by BNAmericas. The fall was attributed to lower tin production and cost increases associated with the start-up of its Pucamarca...
Renison makes slow progress
Tin-in-concentrate production at the Renison mine fell marginally in the quarter to end-June to 1,512 tonnes, but productivity improved during the course of the quarter and the mine continued to generate cash flow which is being ploughed back into mine development and...
Timah reduces 2013 sales forecast
Tin sales by Indonesia's state tin company PT Timah may drop to 28,000 tonnes this year as prices extend a decline because of slowing global demand, President Director Sukrisno told Bloomberg. This would be a 20% fall from the 34,934 tonnes it sold last year and also...
Reuters survey points to flat metals price outlook
The latest six-monthly survey of analysts' LME metals price forecasts published by Reuters on 22 July indicated that most are cautious about any significant recovery in prices in the second half of 2013 and into 2014. A number expect a fall in copper prices, and only...
Heemskirk Pre-Feasibility Study looks positive
Stellar Resources has released details of a recently completed Pre-Feasibility Study (PFS) of its Heemskirk mine project near Zeehan, Tasmania. A 600,000 tpy operation is expected to produce some 4,300 tpy of tin-in-concentrate and cover capital costs in 3.7 years,...
New export rules dismay Indonesian producers
The decisions by the Indonesian trade ministry to revise export quality regulations and to require that tin exported be traded through a local market has produced critical reactions from producers surveyed by Bloomberg. Agung Nugroho, corporate secretary at PT Timah,...
Exploration boosts Renison reserves
Metals X has released new resource and reserve figures for its Australian mines and projects as at 30 June, the end of its financial year. Continuing exploration and resource definition at the Renison mine, in which it has a 50% stake, has boosted its tin inventory,...
Alphamin starts new drilling phase at Bisie
Alphamin Resources 's next phase of diamond drilling has commenced on the Gecomines target area of the Bisie prospect, North Kivu province, east-central Democratic Republic of Congo (DRC). Initially one drill rig will test mineralization over a strike length of 275...
Alphamin resource estimate for Bisie due in Q3
Alphamin Resources has announced further encouraging exploration drilling results at its Bisie project in North Kivu province, Democratic Republic of Congo. The Canadian-listed company has engaged the MSA Group in South Africa to conduct a first resource estimate...