Mixed news on Bolivian tin projects
The Bolivian government has approved 73.6mn bolivianos (US$10.2mn) to finance infrastructure works and equipment for the construction of state-owned tin producer Vinto's Ausmelt furnace, a company executive told Business News Americas "The money guarantees the...
Timah confident on sales
Indonesia’s PT Timah was confident its sales reached 25,000 tonnes of tin in the first half of this year, or 50% of its whole year's target. Tin sales earned an estimated US$400 million in the six month period, corporate secretary Abrun Abubakar told the Antara...
Mount Garnet cost and revenue estimates released
Consolidated Tin Mines has published summary figures from a preliminary scoping study on its Mt Garnet tin project in North Queensland, Australia. A consultant employed by the company has estimated that capital costs of a 700,000 tpy ore throughput operation would be...
Dip in Peru production
Mine production of tin-in-concentrates in Peru was 2,909 tonnes in May, down 5% compared to the same month of last year, according data released by the country’s Ministry of Mines and Energy at the start of this week. Taking the latest official figures, ITRI...
Jump in premiums in Korea tender
South Korea’s Public Procurement Service paid a greatly increased premium of $930/tonne cif Incheon over the LME price for 200 tonnes of 99.9% high grade tin this week. The metal will be supplied by Daewoo International and is for delivery by September 15. Its...
Heemskirk project revived
First steps to develop the Heemskirk tin project in Tasmania have been announced by Stellar Resources. Stellar was forced to abandon an IPO of its subsidiary Columbus Metals in the global financial crisis of September 2009 which would have provided financing for...
China exporters hit by policy changes
Exports of products containing tin from China will be subject to a range of new factors from the second half of this year. The scrapping of export rebates on tin semis will not have much market impact, but currency appreciation and rapidly rising labour costs could...
Yunnan Tin to expand mine production
Yunnan Tin Group, the world's largest tin producer, aims to at least double tin ore throughput from its Laochang ore field to 3,000 tonnes per day over the next nine years, Reuters reported. The company is planning a three-stage process for the expansion of Laochang...
Korean agency books tin delivery
South Korea’s Public Procurement Agency has bought 200 tonnes of refined tin from local trading company Hanwha via a tender closed on Wednesday, while passing on another tender to buy 200 tonnes, Reuters reported. The PPA bought standard grade 99.85% tin at a...