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...
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...