Stratos acquires majority stake in Indonesian producer
Listed Australian gold explorer Stratos Resources is to acquire a 60% share in Yinchen, an Indonesian private smelter with associated mining leases on Belitung island. The Yinchen smelter was established eight years ago and historically produced 300 – 500 tpm of tin,...Timah production slumps as operations are reorganised
Indonesia’s PT Timah reported a significant fall in its mine and refined tin production in the first three quarters of 2012 and warned that adjustments to its mining operations required by law from 1 October would have a further adverse impact on productivity in...PT Timah looks at Myanmar investment
Indonesia’s state-controlled tin company PT Timah has asked the government of Myanmar for a mining licence as it seeks to boost revenue and reserves, its chief executive told Dow Jones Newswires. “We expect to start operations in Myanmar from next year...Indonesian shipments bounce back
There has been a strong recovery in Indonesian exports in September, following a drop the previous month due to low prices and religious holidays. The tonnage inspected prior to shipment by surveying companies working for the trade ministry was 9,874 tonnes in...Timah plans closer controls on small mines
Indonesia’s PT Timah is assessing the work of independent miners that operate in its concessions to ensure adequate ore supplies, a spokesman told Bloomberg. Timah will survey 1,300 small miners and request they re-apply for permits that include an output target...Indonesian shipments plunge in August
Preliminary trade ministry data on the volume of tin metal checked prior to export from Indonesia indicated a very sharp fall in shipments last month. The tonnage inspected by surveying companies working for the ministry was 5,646 tonnes, 34% lower than in August...Indonesian mines may face higher fuel costs
Some Indonesian tin producers may face higher fuel costs from this month. Bloomberg reported that Energy Minister Jero Wacik said that from 1 September vehicles used in mining and plantations will not be allowed to use subsidized gas and oil. However he said that...PT Timah resumes spot sales
PT Timah has restarted spot sales after the recent surge in tin prices, according to President Director Sukrisno, reversing a decision to curb supplies after less than a month. Its total sales may rise to 36,000 to 37,000 tonnes this year Sukrisno told Bloomberg News....Many Indonesian private smelters closed
A Bloomberg report yesterday carried further news of smelter closures by independent smelters In Indonesia, citing the impact of low prices. The big post-Ramadan Eid al-Fitr holiday which began at the weekend is also an important factor not mentioned in the article....
