Another slow month for Indonesian exports
Provisional data released by Indonesia’ trade ministry today indicates that tin exports in May were 7,333 tonnes, 26% lower than in the same month of last year. Cumulative tonnage for the five months from January to May was 35,234 tonnes, down 16% year-on-year....Bankruptcy petition by Novosibirsk
Novosibirsk Integrated Tin Works (NOK), Russia’s sole producer of the metal, is seeking to be declared bankrupt, according to a regional arbitration court’s website on Monday. Quoting the website, Reuters reported that NOK’s total debt was 1.18...Indonesian patrol seizes tin ore shipment
Indonesia has seized a ship carrying 15 tonnes of illegal tin ore on its way to Malaysia from West Kalimantan in Indonesia, an Indonesian customs department spokesman told Reuters on Sunday. The ship was captured by a customs patrol in Indonesian waters near Natuna on...LME stocks shifted
2,000 tonnes of tin has been shifted from the LME’s warehouses in Asia into Exchange bonded warehouses in Europe. According to Metal Bulletin Deutsche Bank is responsible for shipping the tin, in order to take advantage of higher physical premiums in Europe. The...ITRI Tin Conference Identifies Tin Consumption Recovery
ITRI recently held an International Tin Conference in Vancouver, Canada, which over 180 delegates attended. There were 30 speakers who presented papers on production, consumption, investment, trade and regulations. Some of the main points identified are: • China...Bangka-Belitung may restrict small mines
The government of Indonesia’s main tin-producing Bangka-Belitung province plans to stop small traditional miners within the next four years to slow destruction of the island’s environment. The restriction on traditional tin mining may not affect tin...Peru mine production down in April
Peru’s gold, copper, lead, zinc, silver and tin output all declined in April, according to data released by the Ministry of Mines and Energy on Tuesday. Mine production of tin-in-concentrate dropped 1.7% compared to April 2009 to 3,147 tonnes. From ITRI’s...Former Van Dieman Mines assets up for sale
The liquidator of the Tasmanian tin projects formerly controlled by Van Dieman Mines Pty Ltd is inviting expressions of interest by 10 June for the purchase of alluvial tin resources and associated mineral processing equipment located near Gladstone, in North Eastern...Timah forecasts profit jump
PT Timah expects its first half net profit to soar more than 10 times compared with Rp 42.9 billion in the same period last year on higher prices and sales volume, Finance Director Krishan Syarif told Dow Jones Newswires. The Indonesian state-controlled tin producer...
