Indonesian export plans agreed
Long-running discussions on plans to limit tin exports were concluded on Monday with an agreement by most Indonesian producers to restrict their combined sales to 4,500 tonnes per month from April. Bloomberg reported that the agreement was reached at meeting between...PT Timah reverses decline
Indonesian state tin company PT Timah today reported big increases in production and profits in 2014. Mine production of tin-in-concentrate rose by 23% year-on-year to 32,319 tonnes, while refined tin production grew by 16% to 27,550 tonnes. Net profit rose to Rp 638...Discussion on proposed Indonesian cut-back continues
There is some possibility of a reduction in sales by Indonesian tin producers, but details and timing remain to be decided. Following an earlier meeting on 27 February involving 25 smelters organised by Bangka-Belitung Governor Rustam Effendi, a working group...Indonesian tin shipments plan still unclear
Following a meeting on Friday called by the Governor of Bangka-Belitung province, Rustam Effendi, Indonesian tin exporters are continuing to discuss whether or how to manage their sales in order to support tin prices. Bloomberg reported that the 25 companies involved,...Indonesian producers announce curbs on tin sales
PT Timah and the Association of Indonesian Tin Exporters (AETI) have announced different approaches to limiting sales in order to support prices over the last few days. The moves have been in response to the slump in LME prices to a low of $17,445 last week and a call...Little progress on Indonesian moratorium plan
As LME and ICDX tin prices have fallen to new lows this week, the proposal by Bangka Belitung Governor Rustam Effendi to halt sales for two months or longer is making little headway, according to reports by Bloomberg and Reuters today. The governor first raised the...Regulatory controls to constrain Indonesian exports in 2015
A new survey carried out by Bloomberg suggests that Indonesian tin exports could fall to around 61,000 tonnes this year due to tighter controls on mining operations. This is a drop of some 20% compared to a preliminary trade ministry estimate of 2014 exports of 75,925...Indonesian exports bounce back in December
Indonesian tin exports increased to 10,318 tonnes in December, recovering strongly from an extremely low 465 tonnes in November, according to preliminary trade department data based on pre-shipment inspections by surveying companies. The annual 2014 tonnage, based on...Timah forecasts improved results but cancels Myanmar investment
In an interview with Bloomberg on 18 December PT Timah President Director Sukrisno forecast a 15% increase in net income next year, based on higher sales and a recovery in tin prices. It also expects to benefit from reduced dividend payments to the Indonesian...
