JORC compliant resources announced for East German projects
Deutsche Rohstoff AG has released resource estimates for its two large tin projects in Saxony which are compliant with the Australian JORC reporting standards. The tin assets are held within the 61% owned subsidiary Tin International Ltd, which plans an IPO in...PT Timah resumes spot sales
PT Timah has restarted spot sales after the recent surge in tin prices, according to President Director Sukrisno, reversing a decision to curb supplies after less than a month. Its total sales may rise to 36,000 to 37,000 tonnes this year Sukrisno told Bloomberg News....China refined tin imports surge again
China imported 3,125t refined tin in July, up by 333% year-on-year and 31% compared to June. Total refined tin imports were 16,706t in January-July this year, more than three times the imports of 5,526t in the same period of last year. Of the total for the year to...CRU forecasts revival in LME metals prices
A comparative review of price forecasts for 24 commodities published by leading UK-based consultancy CRU shows most of the LME metals performing better than other commodities in the next five years. CRU has constructed a Heat Chart rating commodities from...Many Indonesian private smelters closed
A Bloomberg report yesterday carried further news of smelter closures by independent smelters In Indonesia, citing the impact of low prices. The big post-Ramadan Eid al-Fitr holiday which began at the weekend is also an important factor not mentioned in the article....Bolivian production falls in first half
Latest official figures show Bolivia’s mine production and refined output of tin falling in the first half of this year. Mine production of tin-in-concentrate in January-June fell by 4.3% year-on-year to 9,482 tonnes, while refined metal production was 6,714...Cookson reports lower sales, better margins
The Cookson group reported a 13% year-on-year fall in sales by its Perfomance Materials (electronics) division in the first half of 2012, although the decline partly reflected lower tin and silver prices. The division’s trading profit rose by 11% to UK£50.0...MSC reports difficult quarter
Malaysia Smelting Corporation reported a pre-tax loss of RM 75.0 million (US$24.2 million) in the second quarter, mainly due to problems at its 75% owned Indonesian subsidiary PT Koba Tin. Koba made a loss of RM 68.9 million in the quarter and cut production by 50% as...Indonesian shipments down again
Preliminary trade ministry data shows that Indonesian tin metal exports fell again in July. The volume of tin checked prior to export amounted to 8,298 tonnes, down by 10% compared to July last year and 14% compared to the previous month. In the first seven months of...
