MSC results boosted by tin price, hit by Koba problems
Malaysia Smelting Corporation reported yesterday that its first quarter pre-tax profit jumped to M$25.5 million from M$10.1 million in the same period of 2007, as a result “high tin prices and contributions from Indonesian subsidiary, PT Koba Tin”. However...Timah details capex, acquisition plans
Senior executives of Indonesia’s state-controlled tin company PT Timah told reporters on Monday that the company plans capital spending of Rp 4 trillion (US$ 432 million) in the next three years and will also invest a further Rp 2 trillion in acquiring three...Peru mining strike postponed
A nationwide strike by up to 70,000 miners, which had been due to start at midnight tonight, has been averted. Following negotiations between the Peruvian government and union representatives on Friday, the threatened walk out has been postponed, avoiding a clash with...Indonesian tin shipments dip again in April
Provisional data indicates that Indonesian tin exports may have fallen from March to April. Bloomberg reported that the nation exported 7,857.92 metric tons worth $155.35 million last month, compared with 8,606.27 tons worth $157.53 million in March. The data was...Metals X re-starts Renison, winds down Collingwood
Metals X is due to re-start underground mining at the Renison mine in Tasmania in May, and at the same time will commence ore shipments to Renison from the nearby Mt Bischoff open pit operation. The Renison concentrator is reported to be on track for first concentrate...Tin price boosts Abu Dabbab project
Gippsland Ltd said that the recent rise in tin prices has added about $15 million a year to expected revenues from its Abu Dabbab tantalum-tin project in Egypt. The mine is expected to produce 1,530 tonnes of tin-in-concentrate a year over a 20 year mine life. Two...Timah reports record margins, slump in production
Indonesia’s PT Timah today reported another very strong quarterly financial performance, but a sharp drop in tin production. Net profit in the three months to end-March was up 55% on the same period of 2007 to Rp 487.3 billion (US$52.4 million), while the...Police repel pirate attack on Timah dredge
A pirate attack on PT Timah’s Singkep 17 tin dredge in the early hours of Sunday morning was thwarted by the Riau islands water police. Five of the 10 men involved in boarding the dredge are now under arrest in Batam, in northern Indonesia. The pirates, using a...China’s tin production recovers in March
Following the major weather-related disruptions suffered in January and February, there was a partial revival in Chinese refined tin production in March. However first quarter production was still down 13% on year-ago levels. Statistics from the China Nonferrous...
