MGT plans first half 2013 production
Trading in Queensland-based MGT Resources shares commenced on the Australian Securities Exchange (ASX) on 9 January. As a prelude to the IPO, the company raised A$1.26 million though a share issue to two cornerstone investors from Hong Kong and Taiwan. MGT has several...MGT makes first tin shipment
Queensland-based MGT Resources is due to make its first shipment of tin concentrate this week, having started trial production of stockpiled ore at the refurbished Mt Veteran mill. The company will ship 17 tonnes of 65% tin concentrate sold to off-take partner...MGT raises finance to advance Mt Garnet project
MGT Resources has raised A$6 million by issuing convertible notes to two private investors to finance exploration and an expansion of its mill capacity. MGT was granted a 21 year mining lease on the 1,170 hectare Summer Hills tenement in January this year and is...Indonesian June export surge
Preliminary data released by Indonesia’s trade ministry today indicated a surge in tin shipments in June, ahead of new purity regulations that came into place on 1 July. The tonnage of tin surveyed in pre-shipment checks rose to 11,111 tonnes last month, 15.2%...Indonesia relaxes quality controls on tin exports
Only a week after a new regulation on tin export quality came into effect, Indonesia’s trade ministry has announced a relaxation in impurity limits. In a regulation originally announced last December, refined tin exported after 1 July has to be a minimum 99.9%...Australian juniors eye Myanmar tin potential
In recent weeks three ASX-listed Australian junior exploration companies – Avenue Resources, Intercept Minerals and Eumeralla Resources – have announced first steps in trying to tap the tin and tungsten resource potential of Myanmar. Myanmar, formerly Burma, is...New regulation to cause big drop in Indonesian exports
New regulations on the quality of refined tin exported, which came into effect on 1 July, are expected to slash shipment volumes in the next two months, according to sources quoted by Reuters. From this month all tin exports should be 99.9% tin with a maximum 100 ppm...Mining contract for Hemerdon mine awarded
Wolf Minerals has awarded a UK£85 million contract to CA Blackwell to be mining contractor at its open pit tungsten-tin project in Devon, UK. The contract is split into pre-stripping and mine development over eleven months, followed by five years of mine production of...Koba decision still awaited
Malaysia Smelting Corporation’s 75%-owned subsidiary, PT Koba Tin is still awaiting a decision from the Indonesian government on its application for a 10-year extension of its contract of work in Indonesia which expired on March 31, 2013. In a statement to Bursa...
