Production at Australia’s only major tin mine has continued to increase this year, according to latest data released by its major Chinese shareholder L’Sea Resources International. Unaudited figures for January-August show a rise of 4.9% year-on-year in tin-in-concentrate production to 4,252 tonnes. Monthly production in August was 555 tonnes, almost unchanged compared to the same month in 2013 (559 tonnes).
The Renison project is a 50: 50 joint venture between Metals X and YT Parksong Australia, with L’Sea having an 82% stake in YT Parksong. A more detailed commentary on the trend in production will be provided by Metals X when in publishes its third quarter results, but we guess that the improvement this year is due to improving ore grades and the general positive impact of continuing investment in mine development.
