Bloomberg poll predicts metal price declines

A survey of metals analysts published by Bloomberg on Monday indicated that copper, lead and other industrial metals may decline from current prices, after increasing sharply last year, partly on expectations that supply will outpace demand. Bloomberg surveyed 23...

Koba Tin output below target in 2009

Indonesia’s PT Koba Tin produced 6,150 tonnes of tin-in-concentrate in 2009, up on the previous year’s mine output but below the company’s original target. "The floods in May as well as the thinning ore grades in Koba Tin’s mining areas...

Tin price increase above average for commodities in 2009

A comparison of price changes during 2009 published by Bloomberg on 4 January, shows tin registering an above average increase, but well below that of some metals and other commodities. The LME tin price rose by 58% in the year to 31 December 2009, as end-December...

Huanuni strike continues

A strike by miners at Bolivia’s Huanuni mine has now lasted a week, with all the workforce reported to have stopped work. The strike has followed a dispute over bonus payments for high levels of production achieved at the end of last year. The mine produced some...

Minmetals to consolidate mining in Hunan

China Minmetals Corp., the country’s largest metals trader, has signed an agreement with Hunan Nonferrous Metals Holding Group (Hunan Nonferrous Group) to take a 51 percent stake in the latter, Interfax reported on December 28. Minmetals will pay RMB 5.56...

South Korea expands metal stock holding

South Korea’s Public Procurement Service (PPS) will raise its purchases of aluminium, zinc, tin and nickel in 2010, but buy less copper and lead than in 2009, Reuters reported. Inventories of the six LME metals, now at around 48 days of import demand, would rise...

The world’s smallest snowman made from tin

Scientists at NPL, UK have made the world’s smallest snowman out of tin. This colourful snowman would be dwarfed by a human hair – at 0.01 millimetres across it is only a fifth the width of a typical strand. It is made from two tin beads, which are...

Huanuni mine boosts output

Bolivia’s state-owned Huanuni mine is expected to produce 9,320 tonnes of tin-in-concentrate in 2009, up by 18% compared to last year and a new record for the operation. An official from Bolivia’s mining and metallurgy ministry told Business News Americas...

Rise in Indonesian tin shipments

Indonesian refined tin shipments in November were 86% higher than in the same month of 2008, Reuters reports. The data is based on tin surveyed prior to shipment as part of the trade ministry’s export licencing system. Shipments in the final quarter of last year...

Malaysian cable maker plans tin mining operation

Wire and cable maker Ho Wah Genting Bhd will venture into tin mining to widen its earnings base, according to Malaysia’s Business Times newspaper. It has secured a concession agreement from the Perak state government to mine tin until 2018 at a 202 hectare site...

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