Renison performance improving slowly
Metals X reported that production at its 50% owned Renison mine in Tasmania increased slightly in the quarter to end-June, but the company is looking for significant further improvements in the second half of the year. The operation produced 1,333 tonnes of...
Analysts forecast steady tin prices though 2012
The latest twice-yearly survey of analysts forecasts by Reuters shows a "consensus" view that LME metals prices will generally stay close to current levels through the second half of this year and into 2012. Around 40 banks and other analysts participated in the...
Glencore reports Colquiri tailings plan
As part of the prospectus for its multi-billion dollar IPO, commodity trading giant Glencore has commented on plans for its zinc, lead and tin operations in Bolivia, the Wall Street Journal reports. A subsidiary of the Swiss-based commodities producer and marketer...
Minsur’s earnings increase
Higher tin prices helped boost Minsur's net profit up 27.5% to 335 million soles (US$119 million) in January-March from 262 million soles in the same period last year, BN Americas reported, quoting a submission to Peru’s securities regulator Conasev. Net sales...
Any Questions?
ITRI is currently developing a brand new website which is due to replace the current one in the next few months. A key objectives of the new site is to improve two-way communications with all stakeholders in the industry and also to give users the ability to...
High prices boost PT Timah results
Although its sales fell by 18% year-on-year in volume terms in the quarter to end-March, Indonesia’s PT Timah reported a 150% increase in net profit in the period as a result of high prices. The company’s average selling price in January-March was...
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...