China NRDC announces investment restrictions
China’s National Development and Reform Commission has announced further restrictions on investment in tin and other metals. As of 31 October foreign investors are banned from exploring for or developing tungsten, molybdenum, tin or antimony, and from exploring...
Re-think on US stockpile sales?
The US Defense Logistics Agency appears to be re-thinking the disposal of the remaining metal held in its stockpile. Last month a major review of stockpile policy was completed by the National Research Council, which concluded that there should be major changes in the...
PT Timah invests in offshore production
Indonesia’s PT Timah aims to produce up to 60,000 tpy of tin by 2009, based on increased investment in offshore mining, the company’s President Director Wahid Usman told Bloomberg on Friday. Timah may sell 56,000 tonnes of tin this year, Usman said, higher...
Thailand reduces tin royalties
Thailand’s Ministry of Industry today announced revised royalties for several metals, including gold and tin. Gold royalties have been changed from a flat 2.5% rate to a progressive scale rising up to 20%, which effectively doubles payments at current gold...
South Crofty re-opening moves closer
A new company has been formed to re-open and operate the South Crofty tin mine in Cornwall, UK. Western Union Mines Ltd will invest in tunnelling and exploration drilling activities, and more than UK£50 million ($104.1 million) of investment has been earmarked...
Allied Energy acquires Zambian project
New York based oil and gas exploration company Allied Energy Corporation has signed a memorandum of understanding to acquire Starfield Minerals, which controls tin, tantalite and mica concessions in the Choma area of Zambia. Production at the Starfield Mine is...
PT Timah reports strong Q3 performance
Indonesia’s PT Timah today reported unaudited third quarter net income of Rp 483.7 billion (US$ 52 million), more than 13 times the profit of Rp. 36.8 billion recorded in the corresponding period of last year. Average margin per tonne in the latest quarter was...
China cuts tin export quota for 2008
China has cut the 2008 export quotas for tin, tungsten and antimony, Bloomberg News reports, as the world's fastest growing major economy seeks to reduce its trade surplus and meet local demand for raw materials. The country will allow exports of 33,300 tonnes of tin...
MSC invests in China joint venture
Malaysia Smelting Corporation announced today that it has formed a joint venture company that will be involved in tin smelting and refining and tin semis production in Guangxi, China. MSC will take a 40% share in the newly-formed Guilin Hinwei Tin Technology Co.,...