Cornish Metals publishes South Crofty PEA
Tin explorer Cornish Metals (AIM/TSX-V: CUSN) has published a Preliminary Economic Assessment (PEA) for the South Crofty project, highlighting a base case after-tax Net Present Value (NPV) of US$201 million and Internal Rate of Return (IRR) of 29.8%. The company has...
Suspended Penouta mine to partially reopen
The operators of the Penouta tin-tantalum-niobium mine in Spain, which faced provisional suspension of the Section C permit in October 2023 following an environmental complaint, have announced a partial reopening while the company awaits the court’s decision....
Alphamin announces increased earnings on sales recovery
Bisie mine operator Alphamin Resources (TSXV: AFM; JSE AltX: APH) has announced a 156% quarter-on-quarter increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in the first quarter of 2024. In the quarter ending 31 March 2024, ore...
Cornish Metals on track to deliver PEA in second quarter
Cornish Metals (AIM/TSX-V: CUSN) has announced the company is on track to complete the South Crofty Preliminary Economic Assessment (PEA) in the second quarter of 2024. The company has been working on the refurbishment of the historic South Crofty mine in Cornwall,...
Woodcross opens Uganda’s first tin refinery
Tin miner Woodcross Resources has launched its refinery at Mbarara, Uganda - the first in the country. The company has been developing this facility since a series of regulatory changes prohibited concentrate exports, and has become the first integrated tin producer...
M23 rebels disrupt tin supply routes in key region of North Kivu
Members of the M23 non-state armed group have continued to expand their territory in North Kivu, Democratic Republic of the Congo, an important region for global supply of the 3Ts – tin, tantalum, and tungsten. Since mid-2022, the M23 rebels have controlled areas...
Andrada ramps up production and producers first tantalum concentrate at Uis
Andrada Mining (AIM: ATM; OTCQB: ATMTF) has released its operational results for the year ending 29 February 2024. The company continues to ramp up production with a 51% increase in tin-in-concentrate production from 2022, and the first tantalum concentrate produced...
US tinplate producer closes after tariffs U-turn
A 115-year-old American tinplate producer has closed after a policy U-turn involving US regulators who promised import tariffs up to 300% and the International Trade Commission (ITC). One of the three US-based steelmakers, Cleveland-Cliffs Inc., who own and operate...
Trading resumes in Indonesia
ITA understands that two of Indonesia's three largest smelters, including PT Timah, have now restarted exporting tin. Exports in February stood at 55 tonnes, representing a marginal increase from January, and a 98% decrease from February 2023. Trading on the Jakarta...