Stellar takes full control of Heemskirk project
ASX-listed Stellar Resources has agreed to purchase Gippsland Limited's 40% stake in the Heemskirk project in Tasmania. Stellar will acquire Gippsland's interest in return for 43.5 million Stellar shares (worth approximately A$ 4 million) and a royalty. The royalty...
Indonesian exports rise despite halt
Provisional data released by the trade ministry today shows that the tonnage of tin metal checked prior to export in October was 5,442 tonnes, 4% higher than in the previous month, despite the agreement by most Indonesian producers to halt sales from 1 October. The...
China cuts 2012 export quotas for tin
China released export quotas in 2012 for antimony, indium, tungsten, molybdenum and tin at the end of October. Most of minor metals export quotas are lower in 2012 than in 2011. Export quotas will fall by 5% for tin and tin products to 18,000 tonnes from...
Tin at the crossroads – Tin Industry Review 2011
ITRI's latest detailed review of industry prospects concludes that there are still strong reasons to expect historically high tin prices 3-4 years ahead. Global demand should be around 400,000 tonnes a year by 2015, mineral resources at existing operations are being...
Indonesian export ban backed by 25 producers
Twenty five tin smelters in Indonesia agreed to extend an export ban until the year-end to boost prices, Ismiyardi, head of the provincial parliament in Bangka Belitung, told Bloomberg. PT Timah, and PT Koba Tin back the extension, said Ismiyardi after an industry...
PT Timah margins dented by price fall
Indonesia's state-controlled tin producer PT Timah reported an 81% year-on-year rise in net profit to Rp 860 billion (US$99 million) in the nine months to September 2011, but its operating margin has slipped recently as a result of the fall in LME prices in the third...
Some Indonesian producers extend export ban
Fifteen tin producers in Indonesia, the world's largest exporter, agreed to extend a self-imposed ban on exports until the end of the year to help boost prices, Bloomberg reported. They will seek to widen support for the halt at a further meeting this week. All...
China tin import surge in September
China's tin imports surged to 3,610 tonnes in September, up by 125% on the previous month and 167% compared to September last year. It is the highest monthly level since April 2009. The jump reflects the very large premium of Chinese domestic market prices over the...
Indonesian producers to discuss export options
Representatives of Indonesia's tin smelters will meet again in Pangkalpinang, Bangka on Saturday to discuss next steps to follow up the export ban introduced at the start of the month. One option being proposed is to establish price-related export quotas. Executives...