Indonesian shipments down again
Preliminary trade ministry data shows that Indonesian tin metal exports fell again in July. The volume of tin checked prior to export amounted to 8,298 tonnes, down by 10% compared to July last year and 14% compared to the previous month. In the first seven months of...Indonesian producers trim sales and production
State-controlled producer PT Timah has halted spot sales in reaction to lower tin prices while some private smelters have halted production, according to several reports this week. “For now we are not selling on the spot market and are only fulfilling long-term...PT Timah reports lower production and profits
Although its tin production picked up in the second quarter after the usual seasonally weak start to the year, profits reported by Indonesia’s state-controlled tin company PT Timah slumped, mainly due to lower tin prices. Timah reported a net profit of Rp128...Doubts over Koba contract extension
A senior government official told the Jakarta Post that the contract of work under which PT Koba Tin operates is unlikely to be extended beyond the current expiry date of 31 March 2013. Energy and Mineral Resources Ministry’s minerals and coal director general,...Indonesian exports up and down
Preliminary data indicates that Indonesian tin metal exports in June were up 23% compared to the previous month but down 11% compared to June last year. Trade ministry statistics released today show that 9,647 tonnes of tin was inspected prior to shipment by surveying...MSC plans further reduction in Koba stake
Malaysia Smelting Corporation has announced changes to a strategic alliance with an Indonesian group which could result in its shareholding in PT Koba Tin falling from 75% to 30%. The proposed deal with Optima Synergy Resources Limited was originally announced in...Indonesian exports steady in May
The tonnage of refined tin checked prior to export from Indonesia last month rose 12.2% year-on-year to 7,866 tonnes, according to data released by the trade ministry today. However exports in the base period last May were lower than normal. In the first five months...MSC back in black
Malaysia Smelting Corporation recorded a small pre-tax profit of RM8.7 million (US$1.8 million) in the first quarter, following the loss of RM35.1 million in the fourth quarter of last year. However continuing losses at its PT Koba Indonesian operations have largely...Fall in Indonesian April exports
Provisional trade ministry data released today indicates a substantial fall in tin metal exports last month. The quantity of tin checked prior to export in April was 7,489 tonnes, 22.9% down on the same month last year and 4.9% lower than the 8,608 tonnes checked in...
