China exports rise, imports fall
China’s net refined tin imports have fallen sharply this year as a result of over-supply in its domestic market and unattractive price arbitrage. According to official customs figures, China exported 826t refined tin and tin alloy in October, up by 560% y-o-y....MGT outlines 2014 plans for Queensland projects
At its annual general meeting on 7 November, MGT Resources Chairman and Managing Director Jonathan Back confirmed the company’s plans to increase its JORC resource base to support an expansion of its Mt Veteran concentrator in Queensland. The company’s...Latest developments on Indonesian tin trading
The impact of Indonesia’s Ministry of Trade Regulation No 32/2013 on the local industry and global market continues to dominate attention. Bloomberg reported that the Indonesia Commodity and Derivatives Exchange (ICDX), through which all tin ingot exports must...Elementos moves ahead on Cleveland revival
Having completed a merger with Rockwell Minerals at the end of October which gives it a 50% stake in the old Cleveland mine in Tasmania, Elementos Limited is moving ahead to explore various options to produce tin, copper and tungsten from the property, including two...Indonesian shipments recover
Indonesia’s trade ministry said that combined shipments of tin ingots and solder increased sharply to 4,070 tonnes in October, up from only 786 tonnes in September. October exports were split 3,314 tonnes tin ingot and 756 tonnes of solder. The corresponding...Minsur reports jumps in tin and gold production
Peru’s only tin producer Minsur reported improved third quarter results, based on a recovery in tin production and a faster than expected rise in gold production from its new mine. Minsur’s net profit rose by 28% to US$66.8million in the quarter from $52.2...LME to cut queues, improve transparency
The London Metal Exchange (LME) announced on Thursday that it has approved proposed changes to its warehousing policy designed to cut queues to remove metals at warehouses, following a three-month consultation with the global metals industry. “As the...Kasbah delays DFS to allow for open pit production
Kasbah Resources has identified a second near-surface deposit amendable to open pit mining at its Achmmach project in Morocco and announced a short extension in its timetable for the completion of a Definitive Feasibility Study into the first quarter of 2014 to take...PT Timah predicts sales recovery
Indonesia’s state-controlled tin company PT Timah reported a recovery in its production in the third quarter, but a dip in sales as new export regulations came into effect from 30 August. Despite having to declare force majeure on shipments and build stocks,...
