Indonesian tin exports slump in July
After surging to very high levels of around 10,000 tonnes per month in May and June, Indonesian refined tin exports dropped by almost 80% to only 2,275 tonnes in July, according to Trade Ministry data released on August 3. A Reuters report quoted a ministry official...
Koba Tin directors acquitted of all criminal charges
The three directors of PT Koba Tin, a 75% owned subsidiary of Malaysia Smelting Corporation Berhad (MSC), have been fully acquitted of all charges by the District Court of Sungailiat in the Province of Bangka Belitung. They had been charged with the...
PT Koba Tin to increase production
PT Koba Tin has been given the go ahead to resume purchases of tin ore from small scale miners operating within its contract of work mining leases on Bangka island. The company stopped buying ore six months ago, when it was accused of obtaining concentrates illegally...
Huanuni nationalisation finalised
Bolivia's Congress has approved the law to nationalise the Posokoni tin deposit at the Huanuni mine, awarding control to Bolivian state miner Comibol. The same bill also prevents Comibol from intervening in concession contracts signed with co-operative miners in any...
Indonesian export surge
Indonesian refined tin exports rose sharply in May-June, according to trade data published by Reuters and Bloomberg this morning. Exports in May and June were 9,961 tonnes and 10,684 tonnes respectively, while cumulative shipments from February 14 to end-June amounted...
Fall in Chinese tin production
June provisional production figures published by China’s National Bureau of Statistics show tin output down on year-ago levels for the second month running. Refined tin production last month was 12,692 tonnes, 2.9% lower than in June 2006. However, due to...
Bolivian tensions continue
The battle for control of the mining industry in Bolivia between the government and co-operatives continues. Police yesterday arrested six co-operative workers and confiscated dynamite which might have been used in another planned mass demonstration in La Paz....
Timah dredge sinks
One of PT Timah’s offshore tin dredges has sunk after being hit by a storm on 8 July. The Dendang dredge, which operates off Kundur, had been undergoing maintenance work at the time. One of the crew died and two others are still missing. "Maintenance on...
Huanuni strike cuts supplies to Vinto
Bolivia's Empresa Metalurgica Vinto tin smelter has ore stocks for just two or three more days of operation, Public Relations Director Monica Mendoza told Dow Jones Newswires on Monday, although the plant was not expected to stop production. Workers at Comibol’s...