Minsur profits fall in first half
Peru’s only tin producer, Minsur SA, reported a 20% drop in first half profit to US$120 million, according to an official filing reported by BNAmericas. The fall was attributed to lower tin production and cost increases associated with the start-up of its...Minsur appoints new CEO
Minsur has appointed Juan Luis Kruger Sayan as its new CEO. Mr Kruger was previously in charge of the Peruvian copper/silver operations of South African miner Gold Fields. The company announced the resignation of Lucio David Pareja Chávez as CEO in January. Kruger...Minsur profits and production decline
Peruvian tin producer Minsur’s net profits fell 82 % year-on-year to US$15.5 million during the third quarter, Business News Americas reported, quoting a company filing with local securities regulator SMV. Operating income fell 68 % to US$43.7million. Revenues...Minsur profits decline
Minsur SA said second-quarter profit fell to 61.7 million soles ($23.5 million) compared with 117.6 million soles in the same quarter a year earlier. The decline was attributed to lower tin prices and weaker sales volumes. Second-quarter net sales were 183.7 million...Minsur production below plan
Latest official mine production figures released by Peru’s Mines and Energy Ministry on Monday show that tin production in May was 2,170 tonnes, 0.5% lower than in the same month of last year. Cumulative production in the first five months of this year amounted...Minsur production falling
Official March mine production data released by Peru’s mining ministry showed increases in output of most base and precious metals, with the exception of tin. March tin production was reported at 2,294 tonnes, down by 6.6% compared to the same month of 2011....Minsur to acquire copper business
Minsur SA, Peru’s only tin producer, plans to acquire a controlling stake in Marcobre, which is developing a substantial copper project in Ica province, also the location of Minsur’s Ausmelt tin smelter, local newspaper Gestión reported. Minsur investment...Minsur production and profits fall in 2011
Peru’s only tin producer Minsur SA reported a 27% fall in net profits and a 16% drop in refined tin production last year, with a particularly sharp drop in profits in Q4. Net profit plunged 90% year-on-year in October-December to 24.8 million soles (US$9.24...Peru November production falls
Peru’s mining ministry released official mine production figures this week showing that the country’s output of most metals except copper declined in November. November tin-in-concentrate production was 2,393 tonnes, 2.3% lower than in November 2010. All...
