Bangka protest at new mining law
Small-scale miners on Bangka island are concerned that they may not be allowed to mine tin because some clauses in Indonesia’s new mining and coal law, passed in December 2008, conflict with local government regulations. Rudi, vice chairman of Association of...WBMS: Most LME metals over-supplied in 2009
Preliminary data for world production and consumption of the six LME metals released yesterday by the World Bureau of Metals Statistics showed that five of the six (lead was the exception) were in surplus in 2009. In every case the surpluses would have been much...Minsur profits bounce back in Q4
Peruvian tin miner Compania Minera Minsur SA said its fourth-quarter net income totaled 179 million soles ($63 million), compared with PEN99.1 million in the same quarter a year earlier. Fourth quarter net sales were up at PEN411 million, compared with PEN391 million...Monsoon limits January Indonesian tin shipments
Provisional data from Indonesia’s trade ministry shows that the volume of tin checked by surveying companies prior to export in January dropped from 8,508 tonnes in December to 6,775 tonnes in January. The January total was still, however, some 7% higher than in...Yunnan Tin details expansion projects
China’s Xinhua news agency has reported more details of the investment projects being carried out by Yunnan Tin Company, which it is financing through a RMB 1.4 billion (US$200 million) rights issue announced last month. YTC will increase its tin mining and...Bluestone venture to start 1 March
The new joint venture under which China’s Yunnan Tin Group will take a 50% stake in Metals X’s Tasmanian tin assets will come into effect on 1 March 2010. YTG will pay A$50 million for the 50% stake in Bluestone Mines Tasmania Pty Ltd and has the option to...Timah to maintain sales in 2010
Indonesia’s PT Timah plans to sell 49,000 – 50,000 tonnes of refined tin this year, the company’s President Director told a parliamentary commission in Jakarta. Timah also expects to increase capital expenditure to Rp 600 billion (US$64 million) this...Police close Bangka smelter
Indonesian police shut a tin smelter owned by CV Makmur Jaya on Thursday morning on suspicion of illegally processing tin ore obtained from outside the firm’s mining area, Reuters reported. Norman Widjajadi, head of Bangka police, told reporters: "We...Top Tin Producers in 2009
Data collected by ITRI in recent weeks shows diverse trends in refined tin production by leading producers in 2009. Yunnan Tin Company remained the world’s largest producer for the fifth year in a row, although its production declined for a second successive...
