Indonesian private smelters hope to expand exports
A consortium of five of the larger Indonesian independent tin smelters plans to expand tin exports to 30,000 tonnes next year, if it is able to increase its mining lease area. PT Bangka Belitung Timah Sejahtera is a venture established earlier this year to pool mining...
Bolivia-China tin deal
Bolivia’s Empresa Metalurgica Vinto is negotiating a one year contract with China’s Minmetals. "The deal is initially for 100 tonnes a month over three months, but we want to extend to a year," a company source told Platts Commodity News on...
Paranapanema group plans share issue
Brazil’s Paranapanema is planning a share offering as part of a financial re-structuring plan, according to BN Americas. Papers filed with the country’s securities regulator CVM state that shares will be offered in three tranches to existing shareholders...
Confusion on Indonesian export volumes
Major news agencies have reported radically different figures for Indonesian tin exports in August. According to Bloomberg today exports last month were 11,500 tonnes. Yesterday Reuters reported that exports had jumped to 17,811 tonnes, although an update later in the...
Four Indonesian smelters combine on ore sourcing
Four of Indonesia’s largest independent tin smelters have formed a consortium to combine their mining and ore sourcing interests. The consortium members are PT Bangka Putra Karya, CV DS Jaya Abadi, CV Donna Kembara and PT Duta Putra Bangka. "The consortium...
SoG tantalum and tin assets sold to Talison
The administrators of Sons of Gwalia Limited have announced that the bankrupt group’s Advanced Minerals Business has been sold to a consortium of four investment funds led by Resource Capital Fund IV LP. The A$205 million deal was completed on Monday. The new...
Controls on illegal mining at Huanuni tightened
The Bolivian government has sent a further 250 troops to prevent “mineral theft” around Comibol’s Huanuni mine, boosting the contingent to 400. Currently some 500 ex-cooperative workers are believed to be operating on the fringes of the operation on...
Timah to cool growth in output, sales
Following 50 – 60% increases in refined tin production and sales in the first half of this year, Indonesia’s state-controlled producer PT Timah will cut output in the second half. Refined tin production in January-June 2007 rose by 54% year-on-year to...
Chinese tin prices soar
A shortage of tin concentrates and strong demand is resulting in a surge in Chinese tin prices to levels well above LME prices. Latest spot prices in the Shanghai area quoted by the Antaike research company were RMB 149,000 – 152,000/tonne (US$19,700 –...