WBMS: tin consumption fractionally lower
The World Bureau of Metal Statistics estimates that global refined tin consumption for the first seven months of the year was 205,700 tonnes, which was “fractionally lower” than in the comparable period of 2007. The decline is mainly due to a slump in...YTC to cover debts of Singapore JV
Yunnan Tin Company (YTC) will repay $6 million of debts incurred by a Singapore joint venture tin refinery, according to Bloomberg. The unit, Singapore Tin Industries Pte (STI), borrowed from United Overseas Bank Ltd. and was unable to repay the loans because a...Timah still looking at overseas tin investments
PT Timah has cancelled its plan to invest in a tin project in Australia, but is still trying to find new mining locations both at home and abroad, according to its President Director Wachid Usman. Speaking to a parliamentary commission on national development planning...Brazil production picks up
Brazilian mine production of tin rose 2.9% year-on-year to 7,037 tonnes in the seven months to July, according to provisional data from the local tin industry association SNIEE. The gain came despite continuing production problems at the Paranapanema group’s...Vinto smelter hit by gas supply problems
Bolivia’s Vinto smelter was forced to reduce output late Friday following disruptions to its natural gas supplies. “We are not totally shut down. Some units at the plant were stopped. We are working at 50 percent because of the issue of natural gas...China’s tin production falls again
Provisional data released by the National Bureau of Statistics data shows that August refined tin production in China fell by 19.4% relative to August 2007, to 9,211 tonnes. The latest month’s figure was however around 10% higher than in the previous month....Vinto reduces ore purchases
Bolivia’s Vinto metallurgical complex (CMV) has restricted its purchases of tin ore to 600 tonnes a month in a move to avoid increasing its roughly US$33 million debt to state tin miner Empresa Minera Huanuni (EMH), according to local press reports monitored by...Indonesian government may chase old royalty payments
Bisnis Indonesia reported today that at least fifteen tin smelters holding mining concessions are suspected of not paying a 3% royalty from 2002 to 2005, inflicting a total loss of US$19.63 million (182.5 billion rupiah) on the state. An unnamed official at the...Jakarta Tin Market plan backed by independent smelters
A plan to establish a tin market based in Indonesia has been supported by the main independent tin smelters there. According to the official Antara news agency yesterday, companies grouped in the Bangka Belitung Timah Sejahtera (BBTS) consortium urged the government...
