LME approves MSP brand listing
On June 8th the London Metal Exchange (LME) announced the approval of Indonesian tin smelter Mitra Stania Prima (MSP) as a listed LME brand, making it deliverable against the LME Tin Contract. MSP's smelter is based on the island of Bangka in Indonesia, with an...
Alphamin plan US$38 million equity fundraising
Alphamin Resources Corp. (AFM: TSXV) has announced plans for a private placement with which it hopes to raise approximately US$38 million to fund further construction activities at its 82.5% owned Bisie Tin Project in North Kivu, Democratic Republic of Congo, The...
ITRI 6th London Tin Seminar Presentations
ITRI's 6th London Tin Seminar was successfully held last week, with general optimism about tin market prospects among analysts and tin project developers over the next 5 years. ITRI Explorers and Developers Group presentations: Aus Tin Mining, Avalon Advanced...
Indonesian tin exports robust in May
Indonesian tin exports in May amounted to 6,989 tonnes, up 30% year-on-year and up 10% compared to April, according to preliminary figures released by the trade ministry earlier this week. This brings the total for 2017 so far to 31,385 tonnes, up 43% compared to the...
YTC receive permission to carry out processing trade
On April 20th this year, Yunnan Tin Company (YTC), the largest tin-producing company in China, received sole permission from the Ministry of Commerce of the People's Republic of China to carry out the processing trade of tin concentrate. The policy, which was...
MSC profits rise sharply in 2016
Malaysia Smelting Corporation (MSC) has revealed a 1,400% year-on-year increase in profit before tax to RM49.5 million (~US$11.6 million) in 2016, largely as a result of improved tin prices compared to 2015. The group's revenue was broadly stable at RM1.5 billion in...
Debt financing to fund La Parrilla expansion
London Stock Exchange listed, W Resources Plc (AIM:WRES), has started a process to raise some US$24 million in debt finance to fund the US$27 million expansion of its La Parrilla tungsten-tin project in the Extremadura region of south-west Spain. The second stage of...
Korea stockpile makes first purchase of 2017
South Korea's Public Procurement Service (PPS) bought 200 tonnes of 99.9% Indonesian tin from Daewoo at its latest tender on 23 May, including 100 tonnes at 400ppm lead at a US$480 cif premium to the LME price and 100 tonnes of 100ppm low-lead tin at a premium of...
Pitinga producing at full capacity in Q1
Minsur's 2017 first quarter consolidated results, released last week, reveal that tin-in-concentrate production by its Brazilian subsidiary, Taboca, rose by 18% to 1,767 tonnes compared to the first quarter of last year, while Taboca's output of refined tin rose 59%...