Indonesia’s state-controlled PT Timah , estimated its refined tin production this year at between 37,000 and 40,000 tonnes. The miner earlier this month said refined tin production in 2010 was 40,413 tonnes, which was down from 45,086 tonnes in 2009 as heavy rains hampered mining and easily recoverable onshore reserves are declining. Timah’s refined tin production reached an all-time peak of 58,325 tonnes in 2007, but has declined every year since then.
"Excessive supply will not be good for maintaining the world’s tin price," the company’s corporate secretary Abrun Abubakar told Reuters on Wednesday. "We will always control our production rate for reserve conservation purposes."
