Indonesia’s PT Timah sold 24,000 tonnes of refined tin in January-June 2008, 21% less than the 30,456 tonnes sold during the first half of last year, Bloomberg reports.
“There were some problems in onshore mines, and it was difficult to achieve optimal results,” President Director Wachid Usman told reporters in Jakarta today. “We will focus more on off-shore mining to boost output.” The company will sell “at least 50,000 tonnes’” of refined tin this year, he said.
Timah’s first quarter sales in 2008 were officially reported at 10,176 tonnes on 28 April, so this latest information suggests that second quarter sales were stronger. The average unit value of sales this year is also much greater, rising from $13,459/tonne in January-June last year to $19,000/tonne in the current year to date.
