Record profits and production for PT Timah
On March 31 Indonesia’s state-controlled tin producer PT Timah reported new annual profit and production records. The company’s net profit rose by 757% from the previous year to Rp 1,785 billion (US$ 196 million) for 2007. Meanwhile refined tin production...
New tin discovery at Elsmore project
Malachite Resources reports that it has made a significant new tin discovery at its 100% owned Elsmore Tin Project, located about 20km east of Inverell in northern NSW. The new discovery is at the Newstead Prospect, which comprises a large tin-bearing greisen system,...
Paranapanema reports loss in 2007
Brazilian mining and metals holding company Paranapanema took a 109million real (US$62.8 million) loss in 2007 versus a 314 million real net profit in the previous year, according to BNAmericas. The bottom line was heavily influenced by rising costs and the strength...
Koba and police avert new closure threat
PT Koba’s smelter on Indonesia’s Bangka island, which was shut down from 29 January to 17 March, will continue to operate, despite a threat from the provincial police chief yesterday to close it down again. The threat came when Koba’s managing...
China exports slump, imports soar
Official customs figures released on Monday show that China’s refined tin exports fell by 99.8% year-on-year to only 3 tonnes in February. Meanwhile imports were up 173% to 1,176 tonnes. China’s net trade position has been greatly changed since the middle...
Bolivia creates strategic public companies
The Bolivian government has declared the Empresa Metalurgica Vinto tin smelter and state mining company Comibol national strategic public companies. “The decision makes it easier to manage both companies given the role they play in the country's economic...
New tin producer for Poland
Europe’s second largest tin recycler, Fenix Metals in Poland, is installing a vacuum distillation unit to produce up to 3,500 tpy of refined tin. The installation is expected to be commissioned in August this year. Fenix Metals commenced operation in 2004 as a...
New tin investment products launched
Dow Jones Commodity Indexes has launched sub-indexes for platinum, lead and tin. The metals are not included in Dow Jones' main benchmark commodity index because not enough is produced globally or traded on exchanges, the company said. The indexes have been licensed...
Syrymbet developing Kazakh tin mine
Syrymbet Mining, part of the Almaty-based Lancaster Group, is to develop a large-scale tin project in northern Kazakstan, starting with a two-year large scale pilot plan operation later this year. The orebody could eventually support a 7,000 tpy Sn mine, using...