MSC to invest in DR Congo smelter
Malaysia Smelting Corporation (MSC) has agreed to take a 40% stake in Africa Smelting Corporation (ASC), which is currently controlled by Mining Mineral Resources (MMR). ASC is building a new 3,500 tpy tin smelter in Lubumbashi in the Katanga province of DR Congo. One...Korea makes second stockpile purchase
South Korea’s Public Procurement Service (PPS) announced that it had bought 300 tonnes of refined tin through a May 25 tender, the second purchase of tin it has made this year. The contract for the supply of 99.85% tin was awarded to Hanwha Corporation at a...Exploration and development round-up
Kasbah Resources announced latest drilling results at its Achmmach project in Morocco, where five rigs are carrying out an infill programme to confirm the new geological model of the resource announced in March. The Achmmach resource is currently 5.3 million tonnes...More production problems in China
While continuous large imports and soft demand have resulted in a build-up of tin metal stocks in China, tin may continue to flow into the country due to mine supply problems. Tin production in China is declining because of the pressure of drought conditions,...Tin use survey key points
At the end of last week ITRI released findings from its latest annual tin use and recycling survey, carried out since 2005 as part of the ITRI Sustainability Project. Information from this unique and comprehensive study is based on the combination of published...Deal close on Glencore Bolivian mines
The Bolivian state mining holding company, Comibol, is close to finalising new joint venture agreements for several mines operated by Glencore International subsidiary Sinchi Wayra, including the Colquiri zinc-tin mine. “By May 17 or 18 we could be ready to sign...MSC back in black
Malaysia Smelting Corporation recorded a small pre-tax profit of RM8.7 million (US$1.8 million) in the first quarter, following the loss of RM35.1 million in the fourth quarter of last year. However continuing losses at its PT Koba Indonesian operations have largely...Metals X diversifies as Renison tin production set to expand
Metals X, which has a 50% stake in the Renison tin mine, is planning to diversify its portfolio by merging with Westgold Resources. Renison is Australia’s only significant tin mine, and is poised to expand production to 7,000 – 8,000 tpy of tin-in-concentrate....Minsur production falling
Official March mine production data released by Peru’s mining ministry showed increases in output of most base and precious metals, with the exception of tin. March tin production was reported at 2,294 tonnes, down by 6.6% compared to the same month of 2011....
