Indonesian exports continue to decline in October
Provisional data released by the trade ministry today indicates that October was another slow month for Indonesian smelters. The volume of tin checked for export by surveying companies as part of the ministry’s export licencing scheme last month was 7,060...MSC reports Q3 improvement in Indonesian business
Malaysia Smelting Corporation reported a net profit of M$9.6 million (US$2.8 million) in the quarter to end-September, following a small first half net loss. Net and pre-tax profits in the year to date were M$7.4 million and M$18.3 million respectively. At the...YTC production down, profits recovering
China’s Yunnan Tin Company produced a total of 69,124 tonnes of non-ferrous metals and products for the first nine months of 2009, a decline of 8% year on year, Metals Week reported. However its cumulative net profit in the period, at RMB 87.8 million (US$12.9...Production by Bangka tin consortium remains low
Johan Murod, director at private tin consortium Bangka Belitung Timah Sejahtera (BBTS) told Metal Bulletin that production by the seven smelters in the group remains constrained by limited ore supplies. Since mid-October, BBTS has re-activated two more smelters in...Minsur profits, sales down
Peruvian tin miner Minsur SA said its third-quarter net income totaled 137.7 million soles (US$47.3 million) compared with PEN298.7 million in the same quarter a year earlier, Dow Jones reports. Third quarter net sales were PEN399 million compared with PEN639.4...Timah production and margins revive in Q3
Indonesia’s PT Timah reported a strong revival in its production volumes in the September quarter, while profitability was also considerably improved compared to the first half of the year. The state-controlled tin company reported tin-in-concentrate production...Japan imports remain low
Japan’s tin imports fell by 38% year-on-year to 15,181 tonnes in January-September. The drop was mainly due to very poor consumption in the first 4 – 5 months of the year, although imports in September were also very low, at 1,462 tonnes, down 48% on the...China reduces export quotas
China’s commerce ministry announced reduced 2010 quotas for exports of tin, tungsten, antimony and magnesium over the weekend. Quotas for molybdenum, indium and silver were unchanged. Nest year’s quota for tin and tin products is 21,000 tonnes, down from...Metals X-Yunnan Tin deal delayed
The deal announced in July under which China’s Yunnan Tin Group is to acquire up to 60% of Metals X’s Tasmanian tin assets as part of a joint venture between the two companies is on hold pending approval from Australia’s Foreign Investment Review...
