China-Australia tin exploration venture launched
New South Wales-based company YTC Resources is seeking to raise A$3.5 million to explore tin and copper-gold projects near its Orange, NSW base. An initial public offering of 14 million shares at A$0.25 per share will open on 12 April, with proceeds to be used...Vinto maintains tin output
The Vinto tin smelter in Bolivia has to date maintained output at pre-nationalisation levels, according to the state news agency API. March output of refined tin was 966 tonnes, 14% higher than in March last year but slightly lower than the average monthly rate of...Kasbah seeks funding for Moroccan tin projects
West Perth-based tin and tungsten exploration company Kasbah Resources Ltd plans to raise A$10 million to fund feasibility studies on its Moroccan tenements. An initial public offering of 40 million shares at A$0.25 per share opened on Monday and is due to close on 5...PT Timah 2006 results boosted by strong fourth quarter
Indonesia’s state-controlled tin company PT Timah reported a 94% increase in its net profit to Rp 208.2 billion (US$ 22.7 million) in 2006, helped by a sharp improvement in volumes and margins in the final quarter of the year. The company’s net profit in...PT Yinchenindo hopes to jump approval queue
The Belitung-based smelter PT Yinchenindo Mining Industry (PTYMI) hopes to be the third Indonesian company to be granted a tin export licence by the Ministry of Trade. So far only state-controlled PT Timah and another independent Belitung company, PT Bellitin Makmur...Bangka smelters require new mining licences
Indonesian government sources have told Metal Bulletin that independent tin smelters seeking to re-open need to obtain new mining licences from the central government. The Indonesian government ruled last week that the six smelters applying for permission to export...Jinchuan Group acquires stake in Metals X
China’s largest nickel producer, Jinchuan Group Limited, has taken a 13% stake in the Australian tin/nickel company and ITRI member Metals X (formerly Bluestone Tin). Jinchuan subscribed to 117 million new Metals X shares for A$32.76 million. The deal, subject...Indonesia gives tin supply commitment
Following discussions with tin industry body ITRI, Indonesia’s Minister of Energy and Resources, Professor Purnomo Yusgiantoro, has made it clear that Indonesia will make every effort to maintain tin supplies to the global market. Indonesian production has been...Yunnan Tin acquires majority shareholding in Gejiu Zili
Yunnan Tin Group announced on March 12 that it has signed a deal to purchase a 67% stake in Gejiu Zili Metallurgy Co., Ltd., according to Antaike in Beijing. Yunnan Tin is the largest producer of refined tin worldwide, with 2006 output of 52,399 tonnes. The total...
