Indonesian exchange starts tin trading
The Indonesia Commodity & Derivatives Exchange (ICDX) started trading a physical tin contract today to create an alternative price benchmark to the London Metal Exchange, after twice delaying the initiative. Bloomberg reported that two lots of 5 tonnes traded...Analysts forecast lower LME metals prices
Reuters released the results of its latest six-monthly poll of analysts’ base metals price forecasts on Friday. Up to 32 analysts contributed forecasts for different LME metals to the survey (21 providing tin price forecasts) and across the board the...Renison grades fall, costs rise
Metals X reported a further fall in production from its joint-venture Renison tin operations in Tasmania in the December quarter, with a decline in ore grades pushing up operating costs per tonne of contained tin. Tin-in-concentrate production in the three months was...Fall in Vinto production
Tin output from Bolivian state producer Empresa Metalúrgica Vinto (EMV) declined to 10,965 tonnes in 2011, compared to 11,516 tonnes in 2010, though sales revenue increased, Business News Americas reported, quoting local sources. Despite the lower output, the company...Timah hopes to boost production in 2012
Indonesia’s state tin company PT Timah aims to boost its tin production to 40,000 – 42,000 tonnes this year, corporate secretary Abrun Abubakar told the Jakarta Post. The company has not yet officially released final 2011 production data, with estimates ranging...China plans consolidation of metals industry as growth slows
The Chinese government’s five year plans for the period 2011-2015 are based on the assumption that growth in metals consumption in China will slow considerably from the very strong rates of the last five years. This should be matched by a slower growth in...New minister to oversee Bolivia’s mining boom
Bolivian President Evo Morales replaced his mining and energy ministers on Monday in a cabinet reshuffle, Reuters reported. At the mining ministry, former Potosi provincial governor Mario Virreira will replace Jose Pimentel. Potosi province is home to the famous Cerro...Egyptian project to start tin production in March
Gippland Limited announced that its Abu Dabbab alluvial tin project in Egypt is on schedule to begin production in March 2012. The short life project is based on mining of the Wadi Quaria placer deposit and is adjacent to a much larger open pit tantalum-tin project...Progress on Mount Garnet project
Consolidated Tin Mines completed some 4,000 metres of exploration drilling at its Mount Garnet project in Northern Queensland in the quarter to end-December and after further work in the current quarter will upgrade its JORC resource estimate (currently 7.4 million...
