Paranapanema presents new re-financing plan
Brazilian mining and metals company Paranapanema has presented a proposal to securities regulator CVM to issue convertible debentures worth up to 900 million reais (US$541 million), according to Business News Americas. The offering is part of a financial restructuring...Antaike forecasts 10% growth in China’s tin consumption
China’s refined tin usage is forecast to rise by 10.4% from 132,300 tonnes in 2007 to 146,000 tonnes this year, according to the country’s leading non-ferrous metals research organisation, Antaike. In a presentation at the ITRI-Metals Events international...Indonesian officials describe production quota plans
Officials of both the Ministry of Energy and Mineral Resources and Ministry of Trade have this week commented on proposals to limit Indonesian tin production at 100,000 tonnes per year. On Tuesday Mangantar Marpaung, a director at the former ministry, told reporters...Shake up at Van Dieman Mines
AIM-listed Van Dieman Mines has dismissed a director and instituted a review of its Scotia and Endurance tin projects in Tasmania. In a statement on April 15 the company said that it had appointed Ron Goodman, previously a non-executive Director, as Executive...Iluka reports new tin production
Iluka Resources Ltd. of Australia reported production of 315 tonnes of tin pre-concentrate in the January-March quarter, up from nothing in the same period of 2007. Tin is produced as a by-product at the Douglas mineral sands mine in Victoria’s Murray Basin. The...Huanuni strike ended
A twelve day strike at Comibol’s Huanuni mine in Bolivia ended on Monday after nearly 5,000 workers voted to accept a 20% pay rise. They had earlier demanded a 30% increase. Local news reports said that the disruption has cost the state company some US$2.6...MSC China JV to start up in second quarter
Malaysia Smelting Corporation expects to begin operations of a joint venture smelter and tin products plant in Guangxi, China, in the second quarter. The investment was originally announced last October, ahead of a tightening of official restrictions on foreign...Indonesian exports rise in March
Provisional data based on surveyors’ reports shows that the volume of refined tin inspected prior to export from Indonesia rose from 7,431 tonnes in February to 8,606 tonnes in March. The latest figure was slightly lower than the March 2007 volume of 8,699...Record profits and production for PT Timah
On March 31 Indonesia’s state-controlled tin producer PT Timah reported new annual profit and production records. The company’s net profit rose by 757% from the previous year to Rp 1,785 billion (US$ 196 million) for 2007. Meanwhile refined tin production...
