Fund predicts end of tin price rally
The rally in tin, the biggest on the London Metal Exchange this year, is nearing an end because Chinese producers will export more to take advantage of record prices, Galena Asset Management Ltd. said. “It's not far off the finale,” Alan Williamson,...
Bolivia may take 50% stake in Colquiri mine
The Bolivian government and Glencore subsidiary Sinchi Wayra are discussing the conversion of lease contracts on two mines into joint ventures with a 50% state participation, according to a Metal Bulletin report yesterday. The discussions centre on the Colquiri tin...
China’s tin output down again in April
Official non-ferrous metals production figures published by China’s National Bureau of Statistics today showed that tin was again the only major metal for which a fall in output was reported. April production of refined tin was 11,703 tonnes, 10.5% lower than in...
MSC results boosted by tin price, hit by Koba problems
Malaysia Smelting Corporation reported yesterday that its first quarter pre-tax profit jumped to M$25.5 million from M$10.1 million in the same period of 2007, as a result “high tin prices and contributions from Indonesian subsidiary, PT Koba Tin”. However...
Timah details capex, acquisition plans
Senior executives of Indonesia’s state-controlled tin company PT Timah told reporters on Monday that the company plans capital spending of Rp 4 trillion (US$ 432 million) in the next three years and will also invest a further Rp 2 trillion in acquiring three...
Peru mining strike postponed
A nationwide strike by up to 70,000 miners, which had been due to start at midnight tonight, has been averted. Following negotiations between the Peruvian government and union representatives on Friday, the threatened walk out has been postponed, avoiding a clash with...
Indonesian tin shipments dip again in April
Provisional data indicates that Indonesian tin exports may have fallen from March to April. Bloomberg reported that the nation exported 7,857.92 metric tons worth $155.35 million last month, compared with 8,606.27 tons worth $157.53 million in March. The data was...
Metals X re-starts Renison, winds down Collingwood
Metals X is due to re-start underground mining at the Renison mine in Tasmania in May, and at the same time will commence ore shipments to Renison from the nearby Mt Bischoff open pit operation. The Renison concentrator is reported to be on track for first concentrate...
Tin price boosts Abu Dabbab project
Gippsland Ltd said that the recent rise in tin prices has added about $15 million a year to expected revenues from its Abu Dabbab tantalum-tin project in Egypt. The mine is expected to produce 1,530 tonnes of tin-in-concentrate a year over a 20 year mine life. Two...