Indonesian shipments lower in November
Refined tin shipments from Indonesia, the world's largest exporter, fell in November, the first decline in three months, after rain hampered production, Bloomberg reported. Exports declined 28% to 7,946 tonnes from 11,048 tonnes in October, data from the Trade...
Comibol production falling
Bolivia's state mining organisation Comibol has seen its tin production fall in the first three quarters of 2012, despite the nationalization of the former Glencore-controlled Colquiri mine in June. According to official mines ministry statistics, tin-in-concentrate...
Gippsland increases tin production forecast
Gippsland Limited will increase monthly production of tin-in-concentrate at its Abu Dabbab alluvial mine in Egypt to 60 tpm from February 2013 and expects to maintain output at this higher rate for eight months. Revenue from tin concentrate sales over this period are...
China imports and production decline
Chinese refined tin imports were 2,324 tonnes in October, down by 30% month-on-month and 42% year-on-year. This was still a high volume, especially as there has been no price arbitrage space for general imports since September. Cumulative imports in January to October...
Hemerdon financing progresses
Wolf Minerals Limited announced that it has received an updated and increased credit approval from UniCredit Bank AG, ING Bank NV and Caterpillar Financial SARL for UK£75 million (A$115 million) in senior debt finance facilities to fund the commercial development of...
Timah reveals production and investment plans
Indonesia's state-controlled tin company PT Timah expects refined tin output to drop to 29.000 -30,000 tonnes this year and remain steady in 2013 as it limits production to boost profits amid weak tin prices, President Director Sukrisno told news agencies and the...
Minsur profits and production decline
Peruvian tin producer Minsur's net profits fell 82 % year-on-year to US$15.5 million during the third quarter, Business News Americas reported, quoting a company filing with local securities regulator SMV. Operating income fell 68 % to US$43.7million. Revenues for Q3...
YTC Resources to take full control of Doradilla project
YTC Resources Limited has reached agreement with Straits Resources Ltd to acquire 100% of the Doradilla tin project in north-western New South Wales. YTC was due to acquire a 70% stake in the project by spending A$1.5 million on exploration work by 18 December 2012...
Merger to give Taronga market listing
ASX-listed Queensland nickel explorer AusNiCo has announced a proposed merger with Taronga Mines to create a company with an advanced-stage tin project with a suite of complementary nickel sulphide, copper and gold projects. Taronga currently holds a 100% interest in...