Brazilian tin production recovers
Brazilian mine production of tin fell by 16% to 9,265 tonnes in 2006, according to new figures published by its tin producer’s association SNIEE. However after a sharp fall in the first half of last year, output recovered strongly in the fourth quarter, as...
MSC looks for early resolution of Koba investigation
Malaysia Smelting Corporation has reported improved financial results in the final quarter of 2006, and is hoping for a speedy resolution of the ongoing police investigation of its Indonesian subsidiary PT Koba Tin. In the notes accompanying the financial results...
Mittal ordered to sell Sparrows Point plant
The US Department of Justice ruled on Tuesday that Mittal Steel should divest its Sparrows Point plant to satisfy anti-trust considerations relating to the tin mill products business in the USA. The DOJ ruling is due to the large share of tin mill products sales...
Indonesia to grant new tin export licences on Friday
Up to seven tin producers may be granted export licences by the Indonesian Trade ministry on Friday. Diah Maulida, Director General for foreign trade at the ministry, told Dow Jones Newswires today that applications were currently being evaluated and that export...
CRU-ITRI Report Forecasts 30,000 Tonnes Tin Supply Shortfall In 2007
The February issue of the CRU Tin Monitor report, now produced in association with ITRI, forecasts that Indonesian supply issues will result in a major run down in tin stocks this year. Following recent problems in Indonesian and Bolivia, the LME tin price has risen...
Bolivian government invests $25 million in Vinto smelter
Following the nationalization of the Vinto tin smelter formerly operated by a subsidiary of Glencore International on 9 February, the Bolivian government has said that it will invest US$25 million in it. About $10 million will be made available immediately to make...
PT Timah denies shipment problem
Indonesia’s state-controlled tin company PT Timah has denied news reports that it may have its exports halted by new regulations that come into effect later this week. "Tin exports are still ongoing. There is no problem with our shipment. We are now working...
Yunnan Tin sales rise, profits fall
Yunnan Tin Company (YTC), the world’s largest tin producer, reported a 25% fall in profits in 2006, despite a 33% increase in its sales. Net income fell to 212.6 million yuan (US$27 million) from the previous year's 285.1 million yuan, the company said in an...
Koba Tin declares force majeure
Malaysia Smelting Corporation (MSC) said today that force majeure had been declared on shipments from its PT Koba Tin subsidiary in Indonesia. This follows a continuing investigation into its ore purchases and the arrest of several Koba executives at the weekend. MSC...