PT Timah dominates 2007 Indonesian tin sales
PT Timah will significantly increase its refined tin sales this year, at the expense of other Indonesian producers. The state-controlled company’s sales of refined tin "may exceed'' 50,000 metric tons this year, more than the company's previous forecast of...
Approval for Scotia mine
Van Dieman Mines announced this week that it had obtained final approval for the development of its Scotia Mine, one of several projects it controls in northern Tasmania. Managing Director Clive Trist commented: "The delay in proceeding has been aggravated...
US government stockpile policy under review
After many years of selling excess metals and other materials, the US government could start adding to its strategic stockpile, according to American Metal Market yesterday. Representatives of the US Defense National Stockpile Center told AMM that it is awaiting the...
Comibol boosts tin production
Production of tin-in-concentrates by Empresa Minera Huanuni (EMH) reached a post-reorganisation record level of 774 tonnes in May. EMH operates the Huanuni mine near Oruro in Bolivia, which took on thousands of ex-cooperative workers last November. "It's a record...
Slower investment growth in Chinese tin sector
Data released by the China Nonferrous Metals Association (CNIA) yesterday shows that although capital spending in the non-ferrous metals sector continues to boom, investment in tin mines and smelters is growing relatively slowly. CNIA reported that fixed assets...
Bolivia denies Glencore compensation claims
Bolivia’s Mining Minister Alberto Echazu told Dow Jones Newswires on Tuesday that the country had no intention of paying Glencore International compensation for the Vinto smelter, nationalised in February. “The government isn’t paying Glencore for...
Poor first quarter results for Paranapanema
Brazil’s largest tin producer Paranapanema reported a consolidated net loss of 44mn reais (US$22.5mn) for the first quarter of 2007, versus a net profit of 9mn reais in same-period 2006. The losses were mainly due to problems in copper, and higher tin production...
New threats to Bolivian production
Workers at Empresa Metalúrgica Vinto (EMV) tin smelter are due to meet today to consider renewed strike action in support of demands for productivity bonuses, according to BN Americas. A strike last month was ended when the government promised to evaluate...
Vinto may switch to contract sales
Four companies are reported to have bid in a second tender for refined tin from Bolivia’s Empresa Metalúrgica Vinto (EMV), the results of which are due to be announced today. 800 tonnes of refined tin are on offer this week, following the sale of 1,700...