Tin lags growth in LME trading volumes
The London Metal Exchange (LME) achieved another record year in 2008 with over 113 million lots traded, representing a year-on-year increase of nearly 22%. 2008 annual volume represented some $10.24 trillion in turnover, an increase of 7% on 2007. The bulk of activity...Koba Tin boosts mine production
Indonesian tin producer PT Koba Tin plans to produce 9,017 tonnes of tin this year, or 750 tpm, Metal Bulletin reports. Koba Tin is Indonesia’s second largest integrated producer after PT Timah, the world’s second largest tin supplier. Koba is owned 75% by...Yunnan stockpile scheme comes into operation
The Yunnan provincial government plan to support local base metals producers by arranging stockpiling through 2009 has come into effect, according to official and trade reports this week. Yunnan Tin, the only officially designated tin supplier, is reported to be...Bolivian state companies to boost output in 2009
Bolivia’s state-run Huanuni tin mine is on course to more than double production by March, according to mining and metallurgy minister Luis Alberto Echazú, while a planned furnace refurbishment at the Vinto smelter by August will provide extra capacity...Timah invests in tin chemicals, new dredges
Indonesia’s PT Timah will roll forward some Rp 530 billion (US$48 million) of planned capital spending into 2009, with most of the total to be spent on a tin chemicals plant and new offshore dredges. President Director of Timah Wachid Usman told Bisnis Indonesia...Bolivia-Glencore settlement close
A final settlement of compensation terms for the nationalization of the Vinto tin smelter in February 2007 is expected to be announced early in the New Year, a Bolivian government spokesman told La Razon newspaper. The deal will also cover the establishment of a joint...Singapore refinery for sale
All the assets of Singapore Tin Industries Pte Ltd are to be offered for sale by tender on 15 January 2009. Local consultants Robert Khan, acting for the receiver, has circulated a notice offering a complete 36,000 tpy capacity tin refinery “with two melting and...Indonesia quota plan latest
Latest news from Indonesia is that the government will implement an ample tin production quota for 2009, although the arrangements for next year still have to be formalised in a ministerial decree. Following the establishment of a national total by the federal...Indonesia approves one more tin exporter, passes mining law
Indonesia’s trade ministry has issued one more tin export licence, bringing the total number of licenced companies to 23. Meanwhile the country’s parliament was earlier today expected to ratify a new mining law which has been under discussion for the last...
