YTC announce smelter maintenance

The world’s largest refined tin producer, Yunnan Tin Co. (YTC), has announced that its Ausmelt smelter will enter scheduled maintenance starting from 21 October. In 2018, YTC produced some 78,000 tonnes of refined tin, making it the world’s largest refined...

Potential YTC – Minmetals merger announced

According to local sources, the Yunnan provincial government and China Minmetals are set to finalise a deal that will deepen the ties between the two organisations. This could result in China Minmetals becoming the majority shareholder of the Yunnan Tin Group...

YTC announce Dulong expansion

The Yunnan Tin Company has approved a Yuan 2.6 billion (US$375 million) investment plan to expand production from the Wenshan Dulong zinc-indium-tin-copper mine by some 70%, it was reported in a statement filed with the Shenzhen Stock Exchange on January 11. The...

Yunnan Tin back in black

Yunnan Tin Co. Ltd., the listed arm of the Yunnan Tin Group, reported a first half net loss of RMB 41.3 million (US$6.04 million), much improved on an earlier forecast of a loss of up to RMB 110 million for the period. After a first quarter loss of RMB 112 million,...

Yunnan Tin in $634m share sale to fund copper, lead projects

Yunnan Tin Co plans to raise up to 4.08 billion yuan ($634 million) in an A-share offering to undisclosed investors to finance its plans to acquire mining assets and expand copper and lead smelting capacities. Yunnan Tin plans to use 1.135 billion yuan of the proceeds...

Yunnan Tin reports slump in first half profit

Yunnan Tin Company reported a net profit of RMB 77.1 million (US$12.1 million) for the first half of 2012, down 78% year-on-year. In the period its operating revenue slid 12% from the same period last year to RMB 5.62 billion ($885 million). While there was an...

Yunnan Tin chairman under investigation

The chairman of Yunnan Tin Group and its listed subsidiary Yunnan Tin Company, Mr Lei Yi is under investigation for alleged “serious disciplinary violations”, according to a company statement reported by Dow Jones. Dow Jones noted that this phrase is...

Yunnan Tin to relocate tin smelter

Yunnan Tin is to spend 3.5 billion yuan (US$566 million) to relocate its main smelting facility in Gejiu city, in accordance with government environmental policies. Of the total, plant construction is estimated to amount to 1.9 billion yuan ($307 million). The...

YTC profit warning

Yunnan Tin Co Ltd announced on Friday that it would make a major loss in the first half of 2013 as a result of falling tin prices. In an announcement to the Shenzhen stock exchange the company forecast a net loss of CNY 910 – 980 million (US$ 148 – 160 million) in...

YTC reports improved 2011 results, but warns on Q1 weakness

Yunnan Tin Company, the world’s largest tin producer, said on Tuesday that its net profit for 2011 increased 92% year-on-year to RMB 703 million yuan (US$112 million at current exchange rates). According to a filing with the Shenzhen stock exchange reported by...