Indonesian export ban backed by 25 producers
Twenty five tin smelters in Indonesia agreed to extend an export ban until the year-end to boost prices, Ismiyardi, head of the provincial parliament in Bangka Belitung, told Bloomberg. PT Timah, and PT Koba Tin back the extension, said Ismiyardi after an industry...PT Timah margins dented by price fall
Indonesia’s state-controlled tin producer PT Timah reported an 81% year-on-year rise in net profit to Rp 860 billion (US$99 million) in the nine months to September 2011, but its operating margin has slipped recently as a result of the fall in LME prices in the...Some Indonesian producers extend export ban
Fifteen tin producers in Indonesia, the world’s largest exporter, agreed to extend a self-imposed ban on exports until the end of the year to help boost prices, Bloomberg reported. They will seek to widen support for the halt at a further meeting this week. All...China tin import surge in September
China’s tin imports surged to 3,610 tonnes in September, up by 125% on the previous month and 167% compared to September last year. It is the highest monthly level since April 2009. The jump reflects the very large premium of Chinese domestic market prices over...Indonesian producers to discuss export options
Representatives of Indonesia’s tin smelters will meet again in Pangkalpinang, Bangka on Saturday to discuss next steps to follow up the export ban introduced at the start of the month. One option being proposed is to establish price-related export quotas....Resumption of some Indonesian export sales
During the course of last week statements from spokesmen for various Indonesian tin producers indicated that the halt to exports that was called from 1 October will not be 100% effective. In particular state-controlled PT Timah will continue to fulfil long-term...New company to develop German tin deposits
A new Australian-based company has been formed to assess the development potential of two very large tin deposits in Saxony in eastern Germany estimated to contain some 180,000 tonnes of tin. Deutsche Rohstoff AG has spun off its tin assets into a new company, Tin...Indonesian exports fall ahead of halt
Preliminary data from Indonesia’s trade ministry showed that tin metal sales declined sharply in September, ahead of the halt in exports called by producers from 1 October. The volume of tin checked prior to shipment last month was 5,233 tonnes, down 24%...DR Congo government hopes for new tin smelter
The Democratic Republic of Congo is in “very advanced talks” with Malaysia Smelting Corporation, the world’s third-biggest tin producer, to build a tin smelter in eastern Congo, Mines Minister Martin Kabwelulu told Bloomberg. The plant would be built...
