MSC reports fall in profits in 2014
Malaysia Smelting Corporation (MSC) has revealed a 32% fall in profits to RM68.43 million for the 2014 financial year in its recently published 2014 annual report. The group’s revenue increased 21% to RM1.9 billion in 2014, helped by higher refined tin sales, but...MSC completes smelting capacity expansion
Malaysia Smelting Corporation Berhad has completed installation of a 6th reverberatory furnace at its Butterworth based smelter. The smelting plant has operated on 5 furnaces since the beginning of the 1960’s, producing around 35,000 tpy of refined tin in recent...MSC’s Malaysian profits offset by Indonesia withdrawal
Malaysia Smelting Corporation’s second quarter and first half results show improving profitability at its core smelting and mining operations in Malaysia, although these gains were offset by a final round of losses caused by its withdrawal from Indonesia in...MSC to focus on Malaysia and Africa
In an interview with The Star newspaper, Malaysia Smelting Corporation CEO Chua Cheong Yong said that the company hopes to complete a withdrawal from Indonesia by the end of this year and will focus its attention on mining and smelting in Malaysia and Africa in the...PT Koba Tin awaits mining licence under new ownership
Local news media reported that production at the PT Koba tin mining site could revive, with PT Timah holding a 40% stake and the Bangka-Belitung provincial government holding the remaining equity through three regional state-owned enterprises (BUMD). However the...MSC unit to acquire Malaysian tin prospect
Malaysia Smelting Corporation’s mining subsidiary Rahman Hydraulic Tin (RHT) has agreed to acquire an 80% stake in SL Tin Sdn Bhd, which has a 15 year mining lease at Sungei Lembing in Pahang state. The sole shareholder of SL Tin, Dayang-Dayang Sdn Bhd, agreed...Koba contract terminated
On Wednesday Indonesia’s Ministry of Energy and Mineral Resources eventually confirmed a widely leaked decision rejecting an application to extend PT Koba Tin’s contract of work (CoW) on Bangka island by a further ten years to 2023. The decision was stated...MSC still waiting for Koba decision
Malaysia Smelting Corporation said on Friday that had been advised by Indonesia’s Minister of Energy and Mineral Resources (MEMR) that a decision on an application to extend the Contract of Work for its 75%-owned subsidiary PT Koba Tin had been deferred until...Koba decision still awaited
Malaysia Smelting Corporation’s 75%-owned subsidiary, PT Koba Tin is still awaiting a decision from the Indonesian government on its application for a 10-year extension of its contract of work in Indonesia which expired on March 31, 2013. In a statement to Bursa...
