Yunnan Tin in $634m share sale to fund copper, lead projects
Yunnan Tin Co plans to raise up to 4.08 billion yuan ($634 million) in an A-share offering to undisclosed investors to finance its plans to acquire mining assets and expand copper and lead smelting capacities. Yunnan Tin plans to use 1.135 billion yuan of the proceeds...Yunnan Tin reports slump in first half profit
Yunnan Tin Company reported a net profit of RMB 77.1 million (US$12.1 million) for the first half of 2012, down 78% year-on-year. In the period its operating revenue slid 12% from the same period last year to RMB 5.62 billion ($885 million). While there was an...Yunnan Tin chairman under investigation
The chairman of Yunnan Tin Group and its listed subsidiary Yunnan Tin Company, Mr Lei Yi is under investigation for alleged “serious disciplinary violations”, according to a company statement reported by Dow Jones. Dow Jones noted that this phrase is...China refined tin imports up and down in May
China refined tin imports in May were 1,315 tonnes, down by 16% compared to May last year, but up by 10% compared with the previous month. Imports of tin from Indonesia rebounded following a pick-up in its overall export levels during the month. China imported 7,639t...China tin imports decline, exports increase
The latest official data shows China imported 1,198t refined tin in April, down by 27% year-on-year and 24% compared to the previous month. The biggest decline was in imports from Indonesia, which fell by 68% y/y. This fits with a 16% y/y fall in Indonesian exports to...China invites foreign investment in Guangxi mining
China wants more foreign direct investment in less-developed central and west regions as it looks to narrow the wealth gap with big eastern cities, and will open up agriculture, automobile and mining projects among others, Reuters reports. China will encourage FDI in...ITRI China International Tin Forum: looking for rainbows
The conference hosted by ITRI China in Kunming on 23-25 April attracted 260 delegates from 30 countries and benefited from the support of Yunnan Tin and sponsorship from all the other main Chinese producers. The meeting took place at a time when financial markets have...China imports in February slow down
China imported 1,145t refined tin in February, down by 51% compared to January and 69% year-on-year. Although it is the lowest monthly imports in the recent past, it is still a higher level compared with imports before 2012. There has been no profitable space for...China tin imports increased again in January
China imported 2,350t of refined tin in January, according to the latest data from China Customs. This was up by 46% year-on-year and also 23% higher than imports in December. There has not been any profitable arbitrage space from last October for the general import...
