Exploration and development updates
Three ASX-listed companies have recently announced progress in bringing new projects into production, with one, Gippsland Limited, reporting a first shipment of concentrate from a small project in Egypt. Meanwhile Stellar Resources and Consolidated Tin Mines, both...MSC plans further reduction in Koba stake
Malaysia Smelting Corporation has announced changes to a strategic alliance with an Indonesian group which could result in its shareholding in PT Koba Tin falling from 75% to 30%. The proposed deal with Optima Synergy Resources Limited was originally announced in...Metals X boosts Renison tin resources and reserves
Metals X, which operates and has a 50% stake in the Renison mine in Australia, announced that it had completed a highly successful year of exploration, giving it a total resource of 260,900 tonnes of contained tin as at 31 March. The bulk of the resource is accounted...China imports of refined tin high again in May
China imported 1,562 tonnes of refined tin in May, up by 95% year-on-year, according to the latest official customs data. 90% of the total imports was from Indonesia. Cumulative imports in January – May were 11,196 tonnes, up by 225% from 3,444 tonnes in the...Glencore protests at Colquiri nationalisation
Glencore International released a strongly worded statement in response to the decree by the government of Bolivia nationalising the Colquiri tin-zinc mine in La Paz province, noting that the action “will pose a number of serious questions relating to the...First shipment of Egyptian concentrate this month
Following the delayed completion of ore treatment facilities at its small Abu Dabbab alluvial tin mine in Egypt, Gippsland Ltd said that commissioning “is now expected to be complete in June 2012 with first shipment of tin concentrate to Malaysian Smelting...Production halted at Colquiri mine
Following an occupation by miners belonging to independent cooperatives who want to be granted new areas to mine, production at the Colquiri tin-zinc mine in Bolivia has been halted since 30 May. The mine is operated by Glencore subsidiary Sinchi Wayra under a leasing...China Tin listing next month
China Tin is expecting to complete an initial public offering of its shares on the Shanghai stock market by the end of July. The company lodged its prospectus with the China securities regulatory commission in April and is now waiting for final approval to proceed...Indonesian exports steady in May
The tonnage of refined tin checked prior to export from Indonesia last month rose 12.2% year-on-year to 7,866 tonnes, according to data released by the trade ministry today. However exports in the base period last May were lower than normal. In the first five months...
