Timah to halt new tin sales – update
Indonesia’s PT Timah is to temporarily halt new spot sales of tin as a result of the recent fall in prices. "We are putting a brake on the sales of tin for new contracts and spot sales," a spokesman told Reuters on Friday. The company will halt new...MSC announces Indonesian strategic alliance
Malaysia Smelting Corporation Bhd (MSC) yesterday announced an agreement with Metal Resources Capital Ltd (MERC) which could substantially increase its access to tin reserves on Bangka island, Indonesia. MERC is owned by an Indonesian based group principally involved...Chinese tin production continues to fall
China’s production of refined tin was below year-ago levels for the third month running in July, according to statistics published on Wednesday by the country’s National Bureau of Statistics. The slowdown reflects government measures to remove tax breaks...Metals X frustrated at Tasmanian planning delays
Metals X continues with preparations to re-open the Renison Bell mine and concentrator in Tasmania, with its re-start plan based on combining feed from both the Renison underground mine and the nearby Mt Bischoff open pit. However the Tasmanian government has yet to...Baseresult increases investment in South Crofty mine
Baseresult Holdings Limited has begun purchasing more underground mining equipment as it accelerates plans to re-open the South Crofty mine in Cornwall. The BBC’s website reports that the company aims to have the mine, closed in 1998, back in full-scale...Indonesian tin exports slump in July
After surging to very high levels of around 10,000 tonnes per month in May and June, Indonesian refined tin exports dropped by almost 80% to only 2,275 tonnes in July, according to Trade Ministry data released on August 3. A Reuters report quoted a ministry official...Koba Tin directors acquitted of all criminal charges
The three directors of PT Koba Tin, a 75% owned subsidiary of Malaysia Smelting Corporation Berhad (MSC), have been fully acquitted of all charges by the District Court of Sungailiat in the Province of Bangka Belitung. They had been charged with the...PT Koba Tin to increase production
PT Koba Tin has been given the go ahead to resume purchases of tin ore from small scale miners operating within its contract of work mining leases on Bangka island. The company stopped buying ore six months ago, when it was accused of obtaining concentrates illegally...Huanuni nationalisation finalised
Bolivia’s Congress has approved the law to nationalise the Posokoni tin deposit at the Huanuni mine, awarding control to Bolivian state miner Comibol. The same bill also prevents Comibol from intervening in concession contracts signed with co-operative miners in...
