China tin industry cautious on market outlook for 2013
The first Tin Market Outlook Reception to be held by ITRI China in Beijing on 6 December attracted 91 delegates, including representatives of most leading producers, consumers and trade houses. At the end of meeting ITRI carried out a poll of participants’ views...South Korea increases stockpile purchases
South Korea’s state-run procurement agency plans to buy 127,266 tonnes of industrial metals next year, spending almost $668 million on the purchases, 20% more than it spent this year, Reuters reported. The Public Procurement Service (PPS), which manages South...Reuters: Miners struggle to fund tin projects, deeper shortages loom
Following the second ITRI investing in Tin Seminar in London on 30 November a number of the presenters and senior executives from several leading producers took part in a group interview with Eric Onstad of Thomson Reuters. The article based on the discussion is...Indonesian shipments lower in November
Refined tin shipments from Indonesia, the world’s largest exporter, fell in November, the first decline in three months, after rain hampered production, Bloomberg reported. Exports declined 28% to 7,946 tonnes from 11,048 tonnes in October, data from the Trade...Comibol production falling
Bolivia’s state mining organisation Comibol has seen its tin production fall in the first three quarters of 2012, despite the nationalization of the former Glencore-controlled Colquiri mine in June. According to official mines ministry statistics,...Gippsland increases tin production forecast
Gippsland Limited will increase monthly production of tin-in-concentrate at its Abu Dabbab alluvial mine in Egypt to 60 tpm from February 2013 and expects to maintain output at this higher rate for eight months. Revenue from tin concentrate sales over this period are...China imports and production decline
Chinese refined tin imports were 2,324 tonnes in October, down by 30% month-on-month and 42% year-on-year. This was still a high volume, especially as there has been no price arbitrage space for general imports since September. Cumulative imports in January to October...Hemerdon financing progresses
Wolf Minerals Limited announced that it has received an updated and increased credit approval from UniCredit Bank AG, ING Bank NV and Caterpillar Financial SARL for UK£75 million (A$115 million) in senior debt finance facilities to fund the commercial development of...Timah reveals production and investment plans
Indonesia’s state-controlled tin company PT Timah expects refined tin output to drop to 29.000 -30,000 tonnes this year and remain steady in 2013 as it limits production to boost profits amid weak tin prices, President Director Sukrisno told news agencies and...
