Timah production down in Q1
PT Timah reported a 41% year-on-year fall in net profit and a 20% decline in refined tin production in the first quarter of 2012. The state-controlled tin company said that net profit in the period was Rp 207.7 billion (US$23 million), with the positive impact of...
Minsur to acquire copper business
Minsur SA, Peru's only tin producer, plans to acquire a controlling stake in Marcobre, which is developing a substantial copper project in Ica province, also the location of Minsur's Ausmelt tin smelter, local newspaper Gestión reported. Minsur investment vehicle...
East German drilling programme completed
Deutsche Rohstoff AG and its majority owned Australian company Tin International Limited successfully completed its first drilling program at its 100% owned Gottesberg and Geyer tin projects Saxony, Germany. Between November 2011 and April 2012, a total of eight holes...
Analysts’ tin price forecasts raised
A new survey of price forecasts for LME metals in 2012 and 2013 published by Reuters on Friday showed a slightly higher range of projections than in January. Reuters has now instituted a quarterly poll of bank and other analysts, having previously produced two surveys...
Exploration boom in Tasmania
Tasmania's mineral exploration sector has finally shaken off the doldrums, with almost 80 companies spending a record A$ 38.7 million last year looking for the mines of tomorrow, the Hobart Mercury newspaper reported. Drill rigs are humming on many of the 194...
Timah proposes reduced dividend to support investment plan
Indonesia's state-controlled tin producer PT Timah is proposing lower dividend payments than normal at its annual general shareholders meeting, taking place on 19 April, in order to allow more investment in upgrading its production facilities. "From year to year, we...
MSC appoints Chua as Deputy CEO
Malaysia Smelting Corporation has appointed Chua Cheong Yong as Deputy Group Chief Executive Officer, and Mohamed Yakub Bin Ismail as the company's Chief Operating Officer. In a statement to the Bursa Malaysia Exchange MSC said that Mr Chua "will continue to helm the...
Indonesian tin volume slower in March
Refined tin shipments from Indonesia, the world's top exporter, fell 4.9% in March compared to a year ago, mostly due to heavy rainfall, a trade ministry official told Reuters. The tonnage of tin metal checked prior to shipment in March was 8,608 tonnes, compared to...
YTC reports improved 2011 results, but warns on Q1 weakness
Yunnan Tin Company, the world's largest tin producer, said on Tuesday that its net profit for 2011 increased 92% year-on-year to RMB 703 million yuan (US$112 million at current exchange rates). According to a filing with the Shenzhen stock exchange reported by the...