PT Timah expects further decline in production
Indonesia's state-controlled PT Timah , estimated its refined tin production this year at between 37,000 and 40,000 tonnes. The miner earlier this month said refined tin production in 2010 was 40,413 tonnes, which was down from 45,086 tonnes in 2009 as heavy rains...
Interest in physical tin ETF picks up
Interest in the physical tin ETF (exchange traded fund) is starting to pick up. Following the launch of this product on 10 December last year, initial sales were very small, amounting to only 80 tonnes up to 30 January. However since then the total has moved up to 405...
Jump in Minsur sales and profits
Higher tin prices boosted Peruvian tin miner Compania Minera Minsur SA's fourth-quarter net profit to 315.8 million soles (US$114 million), compared with PEN202.1 million in the same quarter a year earlier, Dow Jones reported. Fourth quarter net sales were...
Vinto expansion due for November completion
Bolivia's Vinto metallurgical complex (EMV) will inaugurate its new smelter with an Ausmelt furnace in November, state miner Comibol’s president Hugo Miranda told BNamericas. "The new plant with the Ausmelt furnace will make it possible to smelt more tin...
Japan’s tin imports soar
Japan’s imports of refined tin increased by 60% last year to 35,266 tonnes, not far short of the all-time record of 36,883 tonnes imported in 2006. The rapid growth in imports reflects reviving demand from the main applications, as well as re-stocking. In an...
Timah confirms fall in production
Indonesia's state-owned PT Timah said on Wednesday it saw production in 2010 at 40,000 tonnes, down from an earlier forecast of 45-50,000 tonnes. "Because of bad weather, with rain for almost the whole year, probably our output this year will only be 40,000...
Top tin producers in 2010
ITRI has carried out it usual survey of refined tin production by its member companies and other leading producers over the last few weeks and the results are shown in the table below. Eight of the twelve companies shown increased their production in 2010, in several...
Peru production falls in 2010
Mine production of all the main non-ferrous metals in Peru fell in 2010, according to official data released by the country’s mining ministry on 27 January. Production of tin-in-concentrates fell 24.6% in December to 2,413 tons. In the full year tin output...
New initiative to oversee Indonesian tin mines
Following a visit by Indonesia’s Vice President Boediono and forestry minister Zulkifli Hasan to Bangka island at the end of last week, a special team will be established to monitor tin mining in Bangka-Belitung (Babel) province, focussing on environmental...