Paranapanema reports loss in 2007
Brazilian mining and metals holding company Paranapanema took a 109million real (US$62.8 million) loss in 2007 versus a 314 million real net profit in the previous year, according to BNAmericas. The bottom line was heavily influenced by rising costs and the strength...Koba and police avert new closure threat
PT Koba’s smelter on Indonesia’s Bangka island, which was shut down from 29 January to 17 March, will continue to operate, despite a threat from the provincial police chief yesterday to close it down again. The threat came when Koba’s managing...China exports slump, imports soar
Official customs figures released on Monday show that China’s refined tin exports fell by 99.8% year-on-year to only 3 tonnes in February. Meanwhile imports were up 173% to 1,176 tonnes. China’s net trade position has been greatly changed since the middle...Bolivia creates strategic public companies
The Bolivian government has declared the Empresa Metalurgica Vinto tin smelter and state mining company Comibol national strategic public companies. “The decision makes it easier to manage both companies given the role they play in the country’s economic...New tin producer for Poland
Europe’s second largest tin recycler, Fenix Metals in Poland, is installing a vacuum distillation unit to produce up to 3,500 tpy of refined tin. The installation is expected to be commissioned in August this year. Fenix Metals commenced operation in 2004 as a...New tin investment products launched
Dow Jones Commodity Indexes has launched sub-indexes for platinum, lead and tin. The metals are not included in Dow Jones’ main benchmark commodity index because not enough is produced globally or traded on exchanges, the company said. The indexes have been...Syrymbet developing Kazakh tin mine
Syrymbet Mining, part of the Almaty-based Lancaster Group, is to develop a large-scale tin project in northern Kazakstan, starting with a two-year large scale pilot plan operation later this year. The orebody could eventually support a 7,000 tpy Sn mine, using...A Stellar tin project
ASX-listed Stellar Resources announced yesterday that it has agreed to acquire 60% of the Zeehan tin project in Tasmania from Western Metals Limited. The remaining 40% is held by Gippsland Limited. The A$1.18 million acquisition is being carried out through...Koba smelter to re-start
Indonesia’s PT Koba Tin is expected to recommence production at its smelter on Bangka island on Monday, according to reports from Reuters and Metal Bulletin. Output has been stopped since 29 January, on the orders of the local police chief, following allegations...
