Timah proposes reduced dividend to support investment plan
Indonesia’s state-controlled tin producer PT Timah is proposing lower dividend payments than normal at its annual general shareholders meeting, taking place on 19 April, in order to allow more investment in upgrading its production facilities. “From year...Indonesian tin volume slower in March
Refined tin shipments from Indonesia, the world’s top exporter, fell 4.9% in March compared to a year ago, mostly due to heavy rainfall, a trade ministry official told Reuters. The tonnage of tin metal checked prior to shipment in March was 8,608 tonnes,...No plan for Indonesian tax rise
Indonesia is not formally discussing a suggestion from the Industry Ministry to tax exports of coal and minerals Bloomberg reported, following interviews with government and industry officials. The clarification came following reports yesterday that the ministry was...PT Timah profits and production down in 2011
Indonesia’s state-controlled tin producer PT Timah reported a 5% fall in net profit last year, as a fall in sales volumes, higher production costs and higher tax payments offset the positive impact of higher world tin prices. Timah also attributed the decline in...New Indonesian foreign ownership rules could impact MSC
Indonesia’s move to limit foreign companies to no more than 49% equity interest in some of its mines could spell bad news for Malaysian companies with mining operations in the republic, the country’s The Edge financial daily reported. Indonesia’s...Indonesian exports stronger in February
The tonnage of tin checked prior to export in February rose 35% year-on-year to 8,325 tonnes, according to trade ministry data released on Monday. The rise followed a very low January figure and occurred despite usual poor monsoon weather. “Refined tin exports...Indonesian market settles in
Trading in physical tin on the Indonesia Commodity & Derivatives Exchange (ICDX) is now in its second month, with generally low volumes and prices slightly higher than those recorded on the London Metal Exchange. Turnover in the INATIN contract, launched at the...Indonesian exports drop after December rush
After hitting a record level of 15,103 tonnes in December, the volume of tin metal checked prior to export by surveying companies working for the Indonesian trade ministry fell sharply to 5,380 tonnes in January. The January figure was down 27% on the same month of...Indonesian exchange starts tin trading
The Indonesia Commodity & Derivatives Exchange (ICDX) started trading a physical tin contract today to create an alternative price benchmark to the London Metal Exchange, after twice delaying the initiative. Bloomberg reported that two lots of 5 tonnes traded...
