MSC to invest in DR Congo smelter

Malaysia Smelting Corporation (MSC) has agreed to take a 40% stake in Africa Smelting Corporation (ASC), which is currently controlled by Mining Mineral Resources (MMR). ASC is building a new 3,500 tpy tin smelter in Lubumbashi in the Katanga province of DR Congo. One...

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...

MSC appoints Chua as Deputy CEO

Malaysia Smelting Corporation has appointed Chua Cheong Yong as Deputy Group Chief Executive Officer, and Mohamed Yakub Bin Ismail as the company’s Chief Operating Officer. In a statement to the Bursa Malaysia Exchange MSC said that Mr Chua “will continue...

MSC near DR Congo, Indonesia deals

Malaysian Smelting Corporation expects to acquire upstream tin assets in DR Congo by the middle of this year, CEO Datuk Seri Mohd Ajib Anuar told The Star newspaper. “We hope we can hasten this due diligence process and decision-making, I won’t say it will...

MSC secures long-term future for Rahman Hydraulic mine

Malaysia Smelting Corporation has reached agreement with the Perak state government on a new mining lease for its wholly-owned subsidiary Rahman Hydraulic Tin Sdn Bhd, which will run until 2030, the Edge newspaper reports. RHT is the largest mine in Malaysia,...

DR Congo government hopes for new tin smelter

The Democratic Republic of Congo is in “very advanced talks” with Malaysia Smelting Corporation, the world’s third-biggest tin producer, to build a tin smelter in eastern Congo, Mines Minister Martin Kabwelulu told Bloomberg. The plant would be built...