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...Timah hopes to boost production in 2012
Indonesia’s state tin company PT Timah aims to boost its tin production to 40,000 – 42,000 tonnes this year, corporate secretary Abrun Abubakar told the Jakarta Post. The company has not yet officially released final 2011 production data, with estimates ranging...PT Timah to order more large dredges
State-controlled Indonesian tin producer PT Timah said it will order two new generation dredges worth around US$100 million this year, the Antara news agency reported. The two bucket wheel dredges are due to be operational in 2014 said Wachid Usman, Timah’s...Indonesian tin trading further delayed
The Indonesia Commodity & Derivatives Exchange (ICDX) has delayed for a second time the introduction of a physical tin contract to allow potential users more time to prepare, Bloomberg reported. Trading will start on 1 February instead of 12 January said Syahrul...Indonesia catches up on exports
Refined tin exports jumped to 15,103 tonnes, the most since records began in February 2007 when the government started compiling the data, from 2,202 tonnes in November, Toto Rusbianto, head of mining exports at the Trade Ministry, told Bloomberg. Sales were 7,722...Indonesia mulls new export tax
Indonesia may impose a new tax on exports to limit shipments and help boost prices, Deputy Trade Minister Bayu Krisnamurthi told Bloomberg. The government wants to extend the life of mines, Krisnamurthi told reporters in Jakarta today. “Tin is a mining product...Private smelters withdraw support for new Indonesian market
The start of tin trading on the Indonesia Commodities and Derivatives Exchange, due to begin on January 12, is now being opposed by the new president and some members of the Indonesian Tin Association. The physical tin contract, under the code INATIN, was formally...Fall out at Indonesian Tin Association
Following the breakdown of the export halt called by Indonesian Tin Association at the start of this month, two leading officials have left the group. Rudy Irawan, president director of smelter PT Mitra Stania Prima, has been removed as the group’s executive...
