Korea again short of bidders
South Korea’s Public Procurement Service has again re-issued a tender for 200 tonnes of tin, this time for standard grade 99.85% material for delivery to Incheon by 2 June. Only one company bid for the contract the agency said on Friday. Its previous tender in...
South Crofty project goes multi-metal
The company planning to re-open the South Crofty tin mine in Cornwall, UK, is now emphasizing potential co-product revenues in a bid to attract fresh investors. Western United Mines is embarking on a surface drilling programme to identify copper, zinc, silver and gold...
Huanuni expansion tender re-issued
The Bolivian government was due to launch a tender last week for equipment at the mine owned by state tin company Empresa Minera Huanuni (EMH), where a large expansion project is currently underway, an official from the mining and metallurgy ministry told BNamericas....
Chinese producers downplay drought impact
China’s two largest producers of refined tin in 2009, Yunnan Tin Company and Yunnan Chengfeng Nonferrous Co, told Dow Jones on Friday that power shortages caused by the current drought in south western China has not yet had a big effect on their production....
Australian explorers bring in new investors
Two ASX-listed Australian exploration companies actively developing substantial tin mine projects this week announced share placements to new investors. Kasbah Resources, which is developing the Achmmach tin project in Morocco, will raise A$3.5 million from the World...
Bluestone JV deal settled
Metals X Ltd has concluded the deal to sell 50% of its Tasmanian assets for A$50 million to form a joint venture between its subsidiary Bluestone Mines Tasmnia Pty Ltd and YT Parksong Australia Holding Pty Ltd. The joint venture will operate as Bluestone Mines...
Brazil production slumps
Brazil’s mine production of tin fell by over 20% last year, according to figures released by industry association Sindicato Nacional da Indústria da Extração do Estanho (SNIEE). Refined tin output also declined slightly, although Brazilian...
Ebullio reports big loss in February
Ebullio Capital Management LLP, the UK-based hedge fund which last year was widely reported to have held a dominant position in the LME tin market, reported a minus 86% return in February, but remains in business. In a letter to investors quoted by Bloomberg News,...
Private smelters predict fall in Indonesian output
In an interview with Reuters on Wednesday, Johan Murod, director of PT Bangka-Belitung Timah Sejahtera, a consortium of seven private smelters, predicted that tin production from Indonesia’s main tin region could drop to 50,000 tonnes in 2010 as controls on...