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...More details on planned Indonesian tin contract
Four big commodity traders and three Indonesian tin producers are readying to trade a soon-to-be launched physical contract for the metal, a trade ministry official told Reuters, offering hope the new contract will secure enough liquidity to make it a success....Indonesian November exports lower than expected
Preliminary data on the tonnage of tin checked by trade ministry surveyors prior to shipment from Indonesia last month indicated that a very low volume was shipped in the month. 2,202 tonnes of tin was recorded, 75% lower than in November 2010 and 60% down on the...Indonesian exports in full flow
The export halt by Indonesian tin producers which began at the start of October has broken down completely this week. A spokesman for Indonesia’s tin association (ITA) told Reuters on Friday its members will ship 7,000 tonnes of tin ingots overseas this week....
