Yunnan Tin Company’s sales had exceeded 12 billion yuan (US$1.6 billion at current exchange rates) by December 10 and the company plans to expand its annual revenue to 18 billion yuan by 2009, according to Antaike in Beijing.
YTC’s tin production has grown by 18.7% in the year to date, while total non-ferrous metals output has risen by 6.7%. Meanwhile the company’s production of tin semis and tin chemicals has exceeded 10,000 tonnes this year.
YTC produced 52,399 tonnes of refined tin in 2006 (including production from its STI joint venture in Singapore) and is this year vying with Indonesia’s PT Timah to be the world’s largest tin producer.
