Minsur profits and production decline

Peruvian tin producer Minsur’s net profits fell 82 % year-on-year to US$15.5 million during the third quarter, Business News Americas reported, quoting a company filing with local securities regulator SMV. Operating income fell 68 % to US$43.7million. Revenues...

YTC Resources to take full control of Doradilla project

YTC Resources Limited has reached agreement with Straits Resources Ltd to acquire 100% of the Doradilla tin project in north-western New South Wales. YTC was due to acquire a 70% stake in the project by spending A$1.5 million on exploration work by 18 December 2012...

Merger to give Taronga market listing

ASX-listed Queensland nickel explorer AusNiCo has announced a proposed merger with Taronga Mines to create a company with an advanced-stage tin project with a suite of complementary nickel sulphide, copper and gold projects. Taronga currently holds a 100% interest in...

Consolidated Tin Mines eyes acquisition

Consolidated Tin Mines (CSD) has delayed the completion of a Pre-Feasibility Study (PFS) on its Mount Garnet tin project in Queensland while it investigates a possible acquisition which might complement its plans. The company said in May that its cornerstone investor,...

Mystery boom in Indonesian shipments

Latest preliminary data for Indonesian exports indicate a very high level of shipments in October, despite reports of falling production there. The tonnage of tin checked prior to shipment by surveying companies working for the trade ministry amounted to 11,048 tonnes...

Venture completes BFS on Mt Lindsay project

Venture Minerals has announced the completion of a Bankable Feasibility Study (BFS) on its Mt Lindsay tin-tungsten project in Tasmania. The capital cost of the project is now estimated at A$198 million, based on an expanded processing capacity of 1.75 million tonnes...

PT Koba Tin operations shut down

Malaysia Smelting Corporation will suspend mining and smelting operations at its majority-owned Indonesian tin unit to stem losses ahead of the expiry of a mining contract, Reuters reported. MSC’s decision to halt operations at PT Koba Tin precedes the expiry...

China cuts 2013 tin export quotas to 17,000 tonnes

China will cut 2013 export quotas for tin by 5.6% from this year to 17,000 tonnes, following a cut of 4.8% for 2012, the Ministry of Commerce reported. China’s tin exports have fallen considerably since 2008, when the export tax was increased to 10%. The rise of...

Renison mine in good shape

Metals X reported improved performance at its 50% owned Renison mine in Tasmania and sees its continuing investment in rehabilitation and exploration starting to pay off. Production of tin-in-concentrate in the September quarter was 1,485 tonnes, up 6.5% on the...

China tin imports remain high

China imported 3,318t refined tin in September according to China Custom data, up by 13% compared to August, although the rise in LME prices last month had eliminated obvious arbitrage opportunities. We believe the high volume was due to delayed arrivals of shipments....

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