PT Koba Tin operations shut down

Malaysia Smelting Corporation will suspend mining and smelting operations at its majority-owned Indonesian tin unit to stem losses ahead of the expiry of a mining contract, Reuters reported. MSC’s decision to halt operations at PT Koba Tin precedes the expiry...

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...