Vinto compensation talks to resume
Talks between Glencore International and the Bolivian government over compensation payments related to the nationalisation of the Vinto smelter are expected to resume shortly, according to BNAmericas. Negotiations were broken off in early September when the government...STI confirms production shortfall
Singapore Tin Industries (STI) confirmed on 11 October that its production in 2007 will fall well short of its original target of 18,000 tonnes. “For this year, our maximum production will be between 6,000 and 7,000 tonnes,” director Petrus Tjandra told...Analysts increase long-term metal price forecasts
A poll of 13 analysts, mainly at large banks, published by Reuters at the start of London Metal Exchange week, shows that many of them have revised upwards their forecasts of long run metals prices. The LME metals subject to the largest upward revisions are lead,...Pirquitas mine to start production by end-2008
Canadian based Silver Standard Resources this week confirmed the timetable for construction of its Pirquitas silver/tin/zinc mine in Argentina. "By the fourth quarter in next November to December we hope to be able to commission the mill and then we’ll...US stockpile review calls for big changes
A review of the US Defense National Stockpile Center carried out by the National Research Council has recommended a new approach to the management of the nation’s defence material needs. The DNSC currently holds stocks of a range of materials, including tin, but...Indonesian exports start to decline in September
Indonesian tin exports from February to September amounted to 61,167 tonnes, according to a trade ministry report quoted by Bloomberg News today. The preliminary data is based on surveyors’ reports linked to the new export licencing system brought in February...Brazil tin deposit for auction
20 mineral deposits in Brazil are to be auctioned by the state geological service CPRM next year, with a tin reserve in Rondonia among the first five properties to be offered. The planned auctions are part of a government programme to stimulate investments and...New Year price increases for tin mill products
Major US tinplate producers are seeking a 15% rise in prices from 1 January, according to letters to customers quoted by American Metal Market on Friday. The letters from ArcelorMittal and USS-Posco say that price rises are necessary to cover rising input costs. The...PT Timah proposes export volumes for 2008
PT Timah will propose that Indonesia, the world’s second-largest tin producer, export 90,000 tonnes of the metal next year President Director Wachid Usman said today, according to Bloomberg News. Timah, Indonesia’s largest tin producer, will export 45,000...
