MSC continues divestments
Malaysia Smelting Corporation said it will sell its 30% stake in the Rapu Rapu poly-metallic project in Philippines which it bought in April last year. This is another non-tin asset that MSC is planning to sell apart from the recent proposed divestment of a 22% stake...
Indonesian private smelters extend shut-downs
The action by police that began two weeks ago against companies alleged to be involved with illegal mining continues to restrict activity in Indonesia, Metal Bulletin reports. Johan Murod, a director at Bangka Belitung Timah Sejahtera (BBTS), told MB that smelters...
Huanuni production rising
Bolivian state tin miner Empresa Minera Huanuni (EMH) is on pace to produce a record of over 9,000 tonnes this year, reports Business News Americas. Mining and metallurgy minister Luis Alberto Echazú made the forecast to state news agency ABI. Huanuni's...
Metals X secures additional funding
Metals X announced on Monday that has agreed to an interim funding proposal from its largest shareholder APAC Resources, subject to shareholder and government approval. The 15 per cent placement will raise A$16 million and see Hong Kong-based APAC increase its...
Timah boosts sales, slashes inventories
Half year results published by Indonesia’s PT Timah over the weekend showed that the state-controlled company boosted its tin sales volume by 15% year-on-year to 24,110 tonnes in January-June, despite a 51% decline in its tin ore production and purchases to only...
MSC to sell gold mine stake
Malaysia Smelting Corporation, the world’s fourth largest tin producer, is looking for a buyer for its 22% stake in Australian gold miner Beaconsfield Gold NL, signalling its intention to focus more on its tin business. "MSC has advised Beaconsfield Gold...
Indonesia arrests may affect production
Some private smelters in Indonesia are reported to have stopped production this week following a number of arrests made by authorities last week. Sources quoted by Metal Bulletin say that only the major integrated companies, PT Timah and PT Koba, continue to operate...
China metal import boom continues
Customs figures released on Monday showed a continuing boom in China’s metal imports, indicating the strength of the country’s bounce-back from global recessionary conditions. July imports of refined tin were 2,114 tonnes, 125% higher than in July 2008....
Indonesian tin shipments stable
Latest data released by Indonesia’s trade ministry showed that 8,788 tonnes of tin metal was checked prior to export in July, 1.4% up on the June tonnage of 8,661 tonnes, but 11.2% lower than in July 2008. The cumulative total for January-July is 59,354 tonnes,...