Minsur reports strong Q3 results
Minsur's Q3 net profit jumped 101% to 277 million soles (US$98.2 million) from 138 million soles in the year-ago quarter on higher sales volume and metal prices, BNAmericas reported, quoting a company report to Peru’s securities commission Conasev. Net sales...
Timah tin inventory at 10 year low
PT Timah’s total stocks of tin-in-concentrate, slags and refined metal at the end of September amounted to only 10,063 tonnes, the lowest recorded since June 2000. While its refined metals stocks increased from 2,722 tonnes at the end of June to 3,279 tonnes at...
Huanuni expansion plans change again
Bolivian state tin producer Empresa Minera Huanuni (EMH) will carry out the expansion of its tin complex since the second tender for the project was declared void late last month, an official from the mining and metallurgy ministry (MMM) told BNamericas. "The...
Taronga expands its tin potential
Taronga Mines Ltd has recently added to its tin interests through the acquisition of adjoining deposits from YTC Resources and is planning a listing of its shares on the ASX early next year. The company’s main asset is the Taronga deposit in New South Wales...
Metals X reports Q3 Renison results
Metals X today reported results for the July-September quarter for its Renison tin operation in Tasmania, now run as a 50:50 joint venture with the Yunnan Tin Group. The cash operating surplus was up 12% from the previous quarter to A$7.1 million (based on its 50%...
China cuts tin export quota for 2011
China’s Ministry of Commerce announced annual export quotas for a range of strategic metals on its website today, increasing tonnages for silver, tungsten and antimony but cutting the quota for tin from 21,000 tonnes in 2010 to 18,900 tonnes next year. The total...
Timah to reduce contract sales in 2011
Indonesia's PT Timah, the world's largest tin exporter, plans to sell up to 50% of its tin production next year in the spot market, Metal Bulletin reports. "Our contract obligations usually take up 80-90% of Timah's production. But for next year, we intend to...
Kasbah accelerates Achmmach project
ASX-listed Kasbah Resources announced a successful A$24 million capital raising to fund accelerated exploration and development of its Achmmach tin project in Morocco. The majority of the funds will come from the placement of 87.5 million new shares at A$0.24 per...
Venture raises funds, confirms 2013 start
Venture Minerals has completed a A$20 million capital raising to fund the feasibility study for its Mt Lindsay tin-tungsten-magnetite project in Tasmania via a share placement to existing and new institutional investors. Managing Director Hamish Halliday confirmed...