Singapore Tin Industries (STI) was due to receive a shipment of 500 tonnes of tin for refining from Indonesia this week and expected to ship another 200 tonnes in mid-December, according to Metal Bulletin.
The first shipment includes 150 tonnes from its new PT Bangka Global Mandiri International joint venture smelter with YTC and 350 tonnes from other smelters. “This month our refinery can produce 800 tonnes” a spokesman told MB.
STI produced 8,738 tonnes of refined tin in the second half of 2006 but only 579 tonnes in the first half of this year, following the Indonesian government’s clampdown in independent smelters last October. The Bangka smelter obtained an export licence last month. STI has also talked recently about investing in Myanmar.
