More physical metal ETCs launched
ETF Securities listed physically backed exchange-traded commodities (ETCs) for aluminium, zinc and lead on the London Stock Exchange on Tuesday, it said. The physically backed industrial metal ETCs, follow previous listings of copper, nickel and tin , which launched...
Renison production revives from March
In its latest quarterly release Metals X reported a bounce-back in production at the Renison mine in Tasmania, following a difficult period at the end of last year and in January-February 2011. Quarterly production of tin-in-concentrate in January-March was 29% lower...
Bolivia drops nationalisation plans
Bolivia’s government has not pursued plans to take over several privately operated mines in the country, including Glencore’s Colquiri zinc-tin operation. It had been anticipated that President Evo Morales would announce this during 1 May labour day...
Traxys acquires stake in Global Advanced Metals
Traxys Tantalum LP, a member of the Traxys Group, has agreed to acquire a 20% interest in Global Advanced Metals (GAM). The acquisition is subject to Australian Foreign Investment Review Board approval. The Luxembourg-based privately owned Traxys Group is a global...
China sets quotas for tin and other metals
China’s Ministry of Industry and Information Technology (MIIT) has set 2011 mining quotas for several minor metals, Reuters reported, increasing the permitted output of tungsten, tin, antimony, molybdenum and rare earths by between 5% and 12%. The announcement...
China’s refined tin imports fall in first quarter
China's refined tin imports fell by 38% year-on-year to 901 tonnes in March according to latest data of China Customs. The total imports in the first quarter were 1,924 tonnes, down by 58% y-o-y. This was the seventh consecutive month of year-on-year declines because...
Uncertainty over future of Colquiri mine
For several weeks there have been reports that the Bolivian government may seek to nationalise several privately operated mines, including Sinchi Wayra’s Colquiri zinc-tin mine. Sinchi Wayra is a subsidiary of Glencore. However in a recent interview with Reuters...
Eurotin positive on Oropesa project
Toronto-listed Eurotin Inc has acquired Stannico, a junior exploration and development company with several tin projects in southern and central Spain, through an exchange of securities. In announcing the deal on 18 April, Eurotin’s President and CEO Peter...
Indonesian shipments jump in March
Provisional data released by Indonesia’s trade ministry today indicated that there has been a sharp rise in exports since February, despite reports earlier in the week that bad weather and police raids were hampering small-scale mining activity. The tonnage of...