China’s tin production up in January-February
Provisional data released today by the National Bureau of Statistics shows that China’s refined tin production in January-February was 20,300 tonnes, 94% higher than in the same two months of 2009, Bloomberg reported. Production of all other LME metals also rose...
Completion of Metals X – Yunnan Tin deal further delayed
Metals X announced today that there is a further delay in completing a deal to form a 50:50 joint venture with Yunnan Tin Group and partners to control its Tasmanian tin assets. Trading in Metals X shares on the Australian Stock Exchange was suspended yesterday...
Pirquitas tin production to start in Q2
Silver Standard Resources said that it will start producing tin concentrates at its Pirquitas silver-tin-zinc mine project in Argentina in the second quarter of this year. The mine started commercial production of silver on 1 December last year and produced 1.1...
South Korea agency announces tender result
South Korea has bought 200 tonnes of tin ingot for May 31 arrival at the port of Busan via a tender that closed on Friday, the state-run Public Procurement Service (PPS) said. The procurement agency bought the metal of Malaysian origin and more than 99.9 percent...
LME lists Kundur brand
The London Metal Exchange has approved the brand listing of the tin manufactured at PT Tambang Timah's Kundur smelter in Indonesia, the exchange said Wednesday. The tin smelter is able to produce 5,513 metric tons of tin a year in the shape of ingots with a piece...
No bids in Korean tender
South Korea has reissued a tender to buy 200 tonnes of tin ingot, after passing on an earlier auction closed on Friday due to a lack of bidders, the state-run Public Procurement Service (PPS) said. The agency is seeking metal with more than 99.9% purity, excluding...
Bangka protest at new mining law
Small-scale miners on Bangka island are concerned that they may not be allowed to mine tin because some clauses in Indonesia's new mining and coal law, passed in December 2008, conflict with local government regulations. Rudi, vice chairman of Association of...
WBMS: Most LME metals over-supplied in 2009
Preliminary data for world production and consumption of the six LME metals released yesterday by the World Bureau of Metals Statistics showed that five of the six (lead was the exception) were in surplus in 2009. In every case the surpluses would have been much...
Minsur profits bounce back in Q4
Peruvian tin miner Compania Minera Minsur SA said its fourth-quarter net income totaled 179 million soles ($63 million), compared with PEN99.1 million in the same quarter a year earlier. Fourth quarter net sales were up at PEN411 million, compared with PEN391 million...