Metals X reports reduced loss, increased diversification
Metals X Ltd reported a net loss of A$2.73 million in the year to June 30, compared to a A$22.63 million loss in the previous financial year. Revenues for the year increased sharply to A$33.9 million as a result of the build up to full production at the...New Bangka smelter starts commissioning
The new 12,000 tpy tin smelter controlled by Yunnan Tin Company and Singapore Tin Industries on Indonesia’s Bangka island is due to start commissioning at the weekend. An STI official told Metal Bulletin that the plant will produce tin of minimum 99.85% purity,...China becomes net importer
China was a net importer of tin in August, according to official trade figures released on Monday. During the month China exported 1,205 tonnes of refined tin and alloy and imported 1,364 tonnes. During the seven months to July 2007 China was a net exporter of almost...Indonesian sales quota decree issued
The governor of Indonesia’s Bangka Belitung province has issued a decree imposing sales quotas that could decrease tin exports, according to a document shown to Reuters and other reporters on Friday. The decree, which came into effect on September 3, states that...China Tin plans share offering
Liuzhou China Tin Group, China’s third largest tin smelter headquartered in the Guangxi Autonomous Region’s city of Liuzhou, will carry out an initial public offering (IPO) to restructure its assets and consolidate nonferrous metal resources in the region,...Bolivia complains about Glencore threats
Bolivia’s mining minister has accused Glencore of blocking tin sales from the Vinto smelter by threatening potential buyers with legal action. "This is clearly sabotage and a boycott – a conspiracy against the Vinto nationalization," Mining...Timah unaffected by earthquake
Indonesia’s largest tin producer, PT Timah, said that the major earthquake that hit Sumatra today will not affect its tin production. President Director Wahid Usman told Bloomberg News that the company had no plans to shut down any of its operations. The 7.9...Indonesian private smelters hope to expand exports
A consortium of five of the larger Indonesian independent tin smelters plans to expand tin exports to 30,000 tonnes next year, if it is able to increase its mining lease area. PT Bangka Belitung Timah Sejahtera is a venture established earlier this year to pool mining...Bolivia-China tin deal
Bolivia’s Empresa Metalurgica Vinto is negotiating a one year contract with China’s Minmetals. "The deal is initially for 100 tonnes a month over three months, but we want to extend to a year," a company source told Platts Commodity News on...
