Consolidated Tin Mines eyes acquisition
Consolidated Tin Mines (CSD) has delayed the completion of a Pre-Feasibility Study (PFS) on its Mount Garnet tin project in Queensland while it investigates a possible acquisition which might complement its plans. The company said in May that its cornerstone investor,...
Mystery boom in Indonesian shipments
Latest preliminary data for Indonesian exports indicate a very high level of shipments in October, despite reports of falling production there. The tonnage of tin checked prior to shipment by surveying companies working for the trade ministry amounted to 11,048 tonnes...
Venture completes BFS on Mt Lindsay project
Venture Minerals has announced the completion of a Bankable Feasibility Study (BFS) on its Mt Lindsay tin-tungsten project in Tasmania. The capital cost of the project is now estimated at A$198 million, based on an expanded processing capacity of 1.75 million tonnes...
PT Koba Tin operations shut down
Malaysia Smelting Corporation will suspend mining and smelting operations at its majority-owned Indonesian tin unit to stem losses ahead of the expiry of a mining contract, Reuters reported. MSC's decision to halt operations at PT Koba Tin precedes the expiry next...
China cuts 2013 tin export quotas to 17,000 tonnes
China will cut 2013 export quotas for tin by 5.6% from this year to 17,000 tonnes, following a cut of 4.8% for 2012, the Ministry of Commerce reported. China's tin exports have fallen considerably since 2008, when the export tax was increased to 10%. The rise of China...
Renison mine in good shape
Metals X reported improved performance at its 50% owned Renison mine in Tasmania and sees its continuing investment in rehabilitation and exploration starting to pay off. Production of tin-in-concentrate in the September quarter was 1,485 tonnes, up 6.5% on the...
China tin imports remain high
China imported 3,318t refined tin in September according to China Custom data, up by 13% compared to August, although the rise in LME prices last month had eliminated obvious arbitrage opportunities. We believe the high volume was due to delayed arrivals of shipments....
Yunnan Tin reports profit slump
Yunnan Tin Company Ltd reported that its net profit decreased by 96% in the third quarter of 2012 to RMB 8.32 million. Operating revenue during the period grew 18% year-on-year to RMB 4.4 billion. In the first nine months of 2012 the net profit of YTC was reported at...
DR Congo government wants bigger stake in mine projects
Plans by Democratic Republic of Congo to raise its stake in new mining projects to 35% from 5% under a revised mining code have unnerved investors, Reuters reported. DR Congo - which holds rich deposits of copper, tin, cobalt and gold - is reviewing its ten-year-old...