Tin project news
Possibly warmed up by the recent rise in tin and other metals prices, a number of companies have this week released information on possible new tin mine projects, including several Australian companies exploring properties in Tasmania. Venture Minerals has identified...ITRI report looks at tin market beyond the recession
For decades the tin market has moved from one crisis to another, and the current world recession is now raising new challenges for all stakeholders in the industry. In the short-term the market is again oversupplied, but in a few years the situation could change...US pursues new approach to defence materials security
A new report to Congress makes clear that “stockpiling alone is not the answer” to ensuring the future availability of materials required for defence needs. The report on Reconfiguration of the National Defense Stockpile released by the Defense Logistics...Indonesian consortium cuts production again
The consortium of seven Indonesian independent tin smelters expects to be operating at less than half capacity from June through the next quarter, as rising ore prices squeeze margins, a spokesman told Metal Bulletin. Bangka Belitung Timah Sejahtera (BBTS) expects...Kasbah seeks funds to advance project
ASX-listed Kasbah Resources has announced a rights issue to raise some A$2.7 million to fund further drilling at its Achmmach tin project in Morocco. The cash will go towards 15,000 metres of diamond drilling in the Meknes Zone aimed at identifying a JORC indicated...New Indonesian smelter gets export licence
Indonesia has approved an export permit for a new tin smelter in East Java, bringing the number of smelters allowed to export the metal to 28, a trade ministry official told Reuters. The official, who declined to be named, did not give any details on the capacity of...Novosibirsk volumes down in Q1
Novosibirsk Integrated Tin Works (NOK), Russia’s sole producer of the metal, reported that first quarter sales volumes declined by 72 percent from the year-earlier period as demand slumped, Reuters reported. First quarter sales totalled 122.3 tonnes, compared to...Huanuni expansion approved
A plan to almost triple ore processing capacity at Bolivia’s largest tin mine has been approved, according to local press reports quoted by BNAmericas. Empresa Minera Huanuni (EMH) and state mining company Comibol will spend US$40 million to build a new mill...Timah cuts capital spending
Indonesia’s state controlled tin company PT Timah will reduce capital spending further this year in response to adverse market conditions. Timah president director Wachid Usman said that the budget for investment this year would be reduced from Rp 900 billion...
