MSC appoints Chua as Deputy CEO
Malaysia Smelting Corporation has appointed Chua Cheong Yong as Deputy Group Chief Executive Officer, and Mohamed Yakub Bin Ismail as the company’s Chief Operating Officer. In a statement to the Bursa Malaysia Exchange MSC said that Mr Chua “will continue...Indonesian tin volume slower in March
Refined tin shipments from Indonesia, the world’s top exporter, fell 4.9% in March compared to a year ago, mostly due to heavy rainfall, a trade ministry official told Reuters. The tonnage of tin metal checked prior to shipment in March was 8,608 tonnes,...YTC reports improved 2011 results, but warns on Q1 weakness
Yunnan Tin Company, the world’s largest tin producer, said on Tuesday that its net profit for 2011 increased 92% year-on-year to RMB 703 million yuan (US$112 million at current exchange rates). According to a filing with the Shenzhen stock exchange reported by...No plan for Indonesian tax rise
Indonesia is not formally discussing a suggestion from the Industry Ministry to tax exports of coal and minerals Bloomberg reported, following interviews with government and industry officials. The clarification came following reports yesterday that the ministry was...Rumours of Cookson electronics divestment
There has been speculation in the UK and international financial press that Cookson plc is planning to spin-off its electronics division, which is the world’s largest producer of solders. The story first appeared in the Sunday Times newspaper at the weekend,...MSC near DR Congo, Indonesia deals
Malaysian Smelting Corporation expects to acquire upstream tin assets in DR Congo by the middle of this year, CEO Datuk Seri Mohd Ajib Anuar told The Star newspaper. “We hope we can hasten this due diligence process and decision-making, I won’t say it will...PT Timah profits and production down in 2011
Indonesia’s state-controlled tin producer PT Timah reported a 5% fall in net profit last year, as a fall in sales volumes, higher production costs and higher tax payments offset the positive impact of higher world tin prices. Timah also attributed the decline in...MSC secures long-term future for Rahman Hydraulic mine
Malaysia Smelting Corporation has reached agreement with the Perak state government on a new mining lease for its wholly-owned subsidiary Rahman Hydraulic Tin Sdn Bhd, which will run until 2030, the Edge newspaper reports. RHT is the largest mine in Malaysia,...Delays to Bolivian expansion projects
Plans to expand production at Bolivia’s state-owned Huanuni tin mine and Vinto smelter are being further delayed, according to unconfirmed reports reaching ITRI. In tin the centre-piece of the government’s medium-term plans is the construction of a...
