Tighter controls on Indonesian solder exports planned
Indonesia plans to tighten controls on tin solder exports by controlling the size of solder wire allowed for sales overseas, the Director General of Foreign Trade at the country’s trade ministry Bachrul Chairi told Bloomberg on Friday. Over the last six months...ICDX plans to expand activities
The Indonesia Commodity and Derivatives Exchange (ICDX) continues to attract new tin producer members and will look at establishing tin futures trading after September, Exchange Commissioner Fenny Widjaja told Bloomberg. The exchange has 21 producer members, with six...PT Koba Tin awaits mining licence under new ownership
Local news media reported that production at the PT Koba tin mining site could revive, with PT Timah holding a 40% stake and the Bangka-Belitung provincial government holding the remaining equity through three regional state-owned enterprises (BUMD). However the...Bangka police seize tin ore
Police seized more than 40 tonnes of illegal tin ore at a warehouse in Bangka regency, Bangka-Belitung Islands, on Saturday, a local police chief told the Antara news agency. Bangka Police chief Bagus Rai Erliyanto, said the warehouse owner could provide no legal...Indonesian navy releases part of seized tin shipment
Following a meeting in Batam yesterday, the Indonesian navy has agreed to release 73 containers of tin out of a total of 134 which it impounded last week, Bloomberg reported. The clearance was announced by Megain Wijaja, CEO of the Indonesia Commodity and Derivatives...More tin products among Indonesian exports
Latest preliminary data released by the trade ministry showed that 5,998 tonnes of tin was exported in February, up by 30% compared to the previous month but down by 28% compared to February 2013. Another feature of the latest data, based on document checks prior to...ICDX floor price system confirmed
Leading Indonesian tin industry representatives have confirmed to Bloomberg that the Indonesia Commodity and Derivatives Exchange (ICDX) has maintained a minimum selling price for tin traded since new export regulations came into force on 30 August last year. Under...PT Timah enjoys strong final quarter
Indonesia’s state tin company PT Timah reported strong results for the last quarter of 2013, allowing it to announce a 19% rise in its annual net profit to Rp 515.1 billion (US$42.3 million). Over 70% of net income was earned in the final quarter, based on a...Indonesia looks at export regulation amendment
Indonesia’s trade ministry is reported to be considering changes to its tin export regulation as a result of a surge in shipments of tin in forms other than ingots. All ingot sales have to be made via the Indonesia Commodity and Derivatives Exchange (ICDX), but...
