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...
Bolivian troops seize Vinto tin smelter
On Friday more than 200 troops occupied the 12,000 tpy Vinto tin smelter in Bolivia. The soldiers entered the facility after Bolivian President Juan Evo Morales Ayma arrived to sign a decree nationalizing the plant, the country's largest operating smelter. The plant...
Tax freeze for Bolivian cooperatives
The Bolivian government agreed on Tuesday to exempt small-scale miners’ cooperatives from large minerals tax rises planned for this year. According to an Associated Press report from La Paz more than 20,000 miners demonstrated in the Bolivian capital on Monday...
Local approval for Bangka smelter re-openings
Two more tin smelters in Bangka Belitung province have won regional government approval to re-open, following an initial five at the end of last week, according to Metal Bulletin. However they still require an official go ahead from the Trade Ministry in...