Auction averts Vinto cash crisis
Bolivia’s Empresa Metalúrgica Vinto (EMV) will raise some US$25 million from the sale of 1,700 tonnes of refined tin. An auction which took place on 23 April will allow the first exports of tin from Bolivia since the Vinto smelter was forcibly...More export licences granted in Indonesia
The Ministry of Trade confirmed today that five more privately-owned Indonesian tin smelters have received export permits, taking to ten the total number of smelters allowed to export from the country. The five smelters are PT Tinindo Inter Nusa, CV DS...Sharp rise in Chinese tin exports
Chinese exports of refined tin jumped to 4,538 tonnes in March, according to official customs figures released today. This was the highest monthly total since June 2004. As with the previous peak, the high level of shipments last month is believed to reflect the...YTC reports jump in profits
Yunnan Tin Company has reported a six-fold increase in net profit in the first quarter of 2007 and forecasts a more than seven-fold rise in profit in the first half of the year. January-March net profit was 126 million yuan (US$16 million), while turnover doubled to...Koba Tin gets licence, resumes shipments
Malaysia Smelting Corporation announced today that its 75% owned Indonesian subsidiary PT Koba Tin had been granted an export licence by the Ministry of Trade and will immediately start shipping tin from its smelter on Bangka island. In a statement to the Kuala Lumpur...Vinto tender planned for next week
Bolivia plans to sell tin from a plant seized two months ago from Swiss commodity trader Glencore International AG. The country is offering a prospectus for the sale, Katherine Alvarez, a spokeswoman for state miner Comibol, told Bloomberg News in a telephone...Yunnan Tin announces Indonesian investment
Yunnan Tin Company has announced a joint venture with partners Singapore Tin Industries to set up a 36,000 tpy integrated tin mining, smelting, refining and products operation on Bangka island in Indonesia. According to Metal Bulletin the two companies will build the...PT Timah to boost smelting capacity
The new President Director of Indonesia’s state-controlled tin company PT Timah today announced plans to spend Rupiah 410 billion (US$ 45 million) this year to expand smelting capacity and repair some of its dredge fleet. Timah’s capital spending will...PT Yinchenindo receives export licence
PT Yinchenindo Mining Industry (PTYMI) confirmed today that it had been granted a tin export licence by the Ministry of Trade. It is the third company to receive such a licence, following the state-controlled PT Timah and PT Bellitin Makmur Lestari. Both of the...
