WBMS: tin market deficit in 2008, but consumption down
Preliminary data on world supply and demand in 2008 released by the World Bureau of Metal Statistics (WBMS) yesterday showed that, of the six LME metals, tin was the only one with a supply shortfall. However tin consumption fell more last year than demand for the...Business as usual as Koba Tin executive is detained
The head of Indonesia’s second-biggest tin producer, PT Koba Tin, has been detained for alleged illegal mining, the prosecutors office on the tin-producing islands of Bangka-Belitung told Reuters on Tuesday. Kamardin Md Top, the President Director of Koba Tin,...Indonesian January shipments at new low
The volume of refined tin checked prior to export from Indonesia in January amounted to 6,186 tonnes, 38% lower than the quantity inspected in January 2008, according to Ministry of Trade data released on Monday. However because around 3,500 tonnes was held back for...Vinto investment pledge
Bolivia’s President Evo Morales has guaranteed a US$20 million payment for installation of a new smelting furnace to help upgrade the Vinto metallurgical complex, state news agency ABI reported last week. "We are committed to making significant changes. We...Metals X to sell Collingwood project
Metals X announced on 12 February that it has agreed to sell a subsidiary company, Bluestone Nominees, to Icon Resources. Bluestone controls the Collingwood tin mine in North Queensland which Metals X shut down in May last year due to a limited reserve life and...Yunnan starts real tin stockpile
The Yunnan government has agreed to buy 6,000 tonnes of tin from Yunnan Tin Company. The metal had already been reserved as part of a short-run stock financing scheme, due to run to the end of December, but this has now been converted into an outright purchase....Indonesian shipment released
Indonesia has released most of a tin shipment of more than 2,600 tonnes that had been held up for several weeks because of quality issues, trade and customs officials told Reuters on Tuesday. The customs office at Pangkal Balam port, on Indonesia’s tin-producing...Renison ramp-up continues
Metals X reported production of 887 tonnes of tin-in-concentrate from the Renison operation in Tasmania in the quarter to end-December, up from 192 tonnes in the previous quarter. Metals X re-started production at the Renison and Mt Bischoff mines and Renison...Timah profit and production fell in 2008
PT Timah, the world’s second-biggest tin mining company, said profit last year dropped by about a fifth as production costs rose and output fell, according to preliminary figures from President Director Wachid Usman reported by Bloomberg today. Unaudited net...
