Liuzhou China Tin Group, China’s third largest tin smelter headquartered in the Guangxi Autonomous Region’s city of Liuzhou, will carry out an initial public offering (IPO) to restructure its assets and consolidate nonferrous metal resources in the region, a local government official told Interfax on 20 September.
The company produced 10,927 tonnes of refined tin from its operations in Guangxi last year, and also owns a small smelter in neighbouring Hunan province. Around 50% of its production comes from its own mines, giving it more secure raw material supplies than most other Chinese smelters.
ITRI understands that the IPO is likely to take place in the second half of 2008.
