Timah profits squeezed as production slumps in H1
Indonesian state-controlled tin producer PT Timah’s net profits were 137.1 billion rupiah ($12.5 million) in the first six months of the year, down by 60% compared with 335.9 billion rupiah over the same period in 2012, the company reported. Production of...Indonesian exports fall in July
Preliminary trade data released by Indonesia’s trade ministry on 19 August showed a sharp fall in volumes as new regulations came into place. The tonnage of tin checked prior to shipment in July slipped to 6,466 tonnes, 22% lower than in July 2012 and 42% down...Novosibirsk seeks buyer for survival
According to recent reports in the Kommersant newspaper and Infogeo website, Russia’s sole tin smelter, Novosibirsk Tin Works (NOK) is trying to find a buyer for the operation while the majority of its creditors have voted for a liquidation of its assets. NOK...MSC still waiting for Koba decision
Malaysia Smelting Corporation said on Friday that had been advised by Indonesia’s Minister of Energy and Mineral Resources (MEMR) that a decision on an application to extend the Contract of Work for its 75%-owned subsidiary PT Koba Tin had been deferred until...Minsur profits fall in first half
Peru’s only tin producer, Minsur SA, reported a 20% drop in first half profit to US$120 million, according to an official filing reported by BNAmericas. The fall was attributed to lower tin production and cost increases associated with the start-up of its...Renison makes slow progress
Tin-in-concentrate production at the Renison mine fell marginally in the quarter to end-June to 1,512 tonnes, but productivity improved during the course of the quarter and the mine continued to generate cash flow which is being ploughed back into mine development and...Timah reduces 2013 sales forecast
Tin sales by Indonesia’s state tin company PT Timah may drop to 28,000 tonnes this year as prices extend a decline because of slowing global demand, President Director Sukrisno told Bloomberg. This would be a 20% fall from the 34,934 tonnes it sold last year and...Reuters survey points to flat metals price outlook
The latest six-monthly survey of analysts’ LME metals price forecasts published by Reuters on 22 July indicated that most are cautious about any significant recovery in prices in the second half of 2013 and into 2014. A number expect a fall in copper prices, and...Heemskirk Pre-Feasibility Study looks positive
Stellar Resources has released details of a recently completed Pre-Feasibility Study (PFS) of its Heemskirk mine project near Zeehan, Tasmania. A 600,000 tpy operation is expected to produce some 4,300 tpy of tin-in-concentrate and cover capital costs in 3.7 years,...
