Minsur profits decline
Minsur SA said second-quarter profit fell to 61.7 million soles ($23.5 million) compared with 117.6 million soles in the same quarter a year earlier. The decline was attributed to lower tin prices and weaker sales volumes. Second-quarter net sales were 183.7 million...Comibol re-structuring resumes
The Bolivian government has resumed a project to restructure state miner Comibol and called on the mining sector to collaborate in moving forward with the initiative, a spokesman for the country’s mining and metals ministry told BNamericas. As part of the...Venture identifies second tin prospect
Venture Minerals has identified a second tin prospect six kilometres from its flagship Mt Lindsay project in north-west Tasmania. The first hole drilled at the Big Wilson prospect intersected 47 metres of mineralisation with grades ranging from 1.0% to 5.6% tin. The...Renison production starts to revive
The Renison mine in Tasmania reported a significant improvement in operating performance in the quarter ending 30 June, with tin-in-concentrate production rising 19% from the previous quarter to 1,395 tonnes. Ore processed at the Renison mill increased by 14% with an...PT Timah reports lower production and profits
Although its tin production picked up in the second quarter after the usual seasonally weak start to the year, profits reported by Indonesia’s state-controlled tin company PT Timah slumped, mainly due to lower tin prices. Timah reported a net profit of Rp128...Minsur production below plan
Latest official mine production figures released by Peru’s Mines and Energy Ministry on Monday show that tin production in May was 2,170 tonnes, 0.5% lower than in the same month of last year. Cumulative production in the first five months of this year amounted...Strong China refined tin imports in June
China refined tin imports in June were very strong again, rising by 75% year-on-year and 53% compared to May to 2,386 tonnes, according to latest China Custom data. The positive arbitrage between LME and domestic Chinese prices attracted more imports in June. The...Doubts over Koba contract extension
A senior government official told the Jakarta Post that the contract of work under which PT Koba Tin operates is unlikely to be extended beyond the current expiry date of 31 March 2013. Energy and Mineral Resources Ministry’s minerals and coal director general,...South Korean agency to boost tin purchases
South Korea, the world’s fourth biggest buyer of industrial metals, will lift purchases by its state-run procurement agency in the second half from a planned 297 billion won (US$260 million) if metal prices drop further, a senior agency official told Reuters....
