Thailand reduces tin royalties
Thailand’s Ministry of Industry today announced revised royalties for several metals, including gold and tin. Gold royalties have been changed from a flat 2.5% rate to a progressive scale rising up to 20%, which effectively doubles payments at current gold...South Crofty re-opening moves closer
A new company has been formed to re-open and operate the South Crofty tin mine in Cornwall, UK. Western Union Mines Ltd will invest in tunnelling and exploration drilling activities, and more than UK£50 million ($104.1 million) of investment has been earmarked...Allied Energy acquires Zambian project
New York based oil and gas exploration company Allied Energy Corporation has signed a memorandum of understanding to acquire Starfield Minerals, which controls tin, tantalite and mica concessions in the Choma area of Zambia. Production at the Starfield Mine is...PT Timah reports strong Q3 performance
Indonesia’s PT Timah today reported unaudited third quarter net income of Rp 483.7 billion (US$ 52 million), more than 13 times the profit of Rp. 36.8 billion recorded in the corresponding period of last year. Average margin per tonne in the latest quarter was...China cuts tin export quota for 2008
China has cut the 2008 export quotas for tin, tungsten and antimony, Bloomberg News reports, as the world’s fastest growing major economy seeks to reduce its trade surplus and meet local demand for raw materials. The country will allow exports of 33,300 tonnes...MSC invests in China joint venture
Malaysia Smelting Corporation announced today that it has formed a joint venture company that will be involved in tin smelting and refining and tin semis production in Guangxi, China. MSC will take a 40% share in the newly-formed Guilin Hinwei Tin Technology Co.,...YTC reports big increases in tin products sales
Yunnan Tin, China’s largest tin producer, has reported rapid increases in its production of tin chemicals and semis during the first nine months of this year. Production of tin chemicals rose by 23% to 5,236 tonnes, while output of tin semis (mainly...Funsur smelter production back to normal
The Funsur smelter near Pisco, Peru, has been operating normally since mid-September, following the major earthquake that hit the area on 15 August. Refined tin production in the nine months to September amounted to 24,265 tonnes, 20.7% down on the same period of...Renison mine to re-open
Metals X Limited announced today that it is to re-open the Renison mine in Tasmania, which has been on care and maintenance for the last two years. The announcement follows the belated granting of a permit to develop the nearby Mt Bischoff mine. The company will...
