Further Indonesian smelter gets export licence
Indonesia’s trade ministry has granted a further licence to export refined tin, a ministry official told Reuters on Monday, bringing the total number of companies with licences to 25. The export permit was approved for PT Babel Inti Perkasa on April 24, said the...
Tinplate price increases hit headlines
Recent annual contract tinplate price rises are raising concerns not only with can makers but also fillers and even supermarket chains. On Friday the Wall Street Journal described customer reactions in the USA and Europe, while the South African press has reported...
Tongkah Harbour to acquire Indonesian mine
Thailand’s Tongkah Harbour PCL expects to complete the purchase of a tin mine in Indonesia by the middle of this year as it extends capacity, its managing director Ronald Ng told Reuters. The mine in Kalimantan on Borneo island will also yield gold and zircon...
WBMS: Tin demand in February at ten year low
In its latest release of base metals data, the World Bureau of Metals Statistics (WBMS) said that estimated global tin consumption for January and February 2009 was 39,500 tonnes, which was 30% below the comparable period of 2008. Estimated apparent tin consumption in...
Indonesian production restrained, despite no progress on quotas
Indonesia's tin production may not reach 90,000 tonnes this year amid slowing global demand, a director general at the energy ministry told Reuters on Wednesday. The government said in February that it expected tin production to rise to 105,000 tonnes from the...
Yunnan Tin reports Q1 loss
Yunnan Tin Co., the world’s biggest producer of the metal, posted a first-quarter loss of 112 million yuan ($16.4 million) because of slumping overseas orders and lower prices, Bloomberg reported. That compares with a profit of 167 million yuan a year earlier....
Taboca looks for increased co-product revenues at Pitinga mine
Mineracao Taboca SA, the Brazilian-based tin mining and processing subsidiary of Peru’s Minsur, is looking to generate revenue from rare earths as well as tin, niobium and tantalum. Minsur acquired the operation for 850 million reais (US$374 million) at the end...
Consolidated Tin Mines updates resource estimate, mine plans
Queensland-based Consolidated Tin Mines announced a major resource upgrade at its Mt Garnet Tin Project, bringing the total measured, indicated and inferred JORC resource to 5.3 million tonnes at 0.6% tin. The resource upgrade is a result of Consolidated Tin's...
PT Timah expects lower production, more spot sales
Indonesia's PT Timah said on Tuesday it expects to produce 45,000-48,000 tonnes of refined tin this year, down from 49,029 tonnes in 2008, Reuters reported. But production could be even lower than planned if prices continue to fall, Timah corporate secretary Abrun...