Latest News
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MSC back in black
Malaysia Smelting Corporation recorded a small pre-tax profit of RM8.7 million (US$1.8 million) in the first quarter, following the loss of RM35.1 million in the fourth quarter of last year. However continuing losses at its PT Koba Indonesian operations have largely offset profits made at its Malaysian smelting and mining operations. PT Koba Tin is 75% owned by MSC, although in March it announced that it had agreed to sell part of its stake to Optima Synergy Resources, a...
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Metals X diversifies as Renison tin production set to expand
Metals X, which has a 50% stake in the Renison tin mine, is planning to diversify its portfolio by merging with Westgold Resources. Renison is Australia's only significant tin mine, and is poised to expand production to 7,000 – 8,000 tpy of tin-in-concentrate. The planned merger will add Westgold's Central Murchison gold project and the Rover 1 copper-gold project to assets which already include Renison, the Rentails tin tailings project and the Wingellina nickel project.
Production at the Renison...
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Deal close on Glencore Bolivian mines
The Bolivian state mining holding company, Comibol, is close to finalising new joint venture agreements for several mines operated by Glencore International subsidiary Sinchi Wayra, including the Colquiri zinc-tin mine. "By May 17 or 18 we could be ready to sign the new contract with Glencore.... First we want to completely settle and close Glencore's three contracts for the Colquiri, Bolívar and Porco mines and then we will address other contracts with other companies," Comibol president Héctor Córdova told...
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iTSCi Conflict Minerals seminar presentations - available now!
Presentations given at the recent iTSCi Conflict Minerals seminar, held in association with the ITRI International Tin Conference in Cape Town, South Africa on 26th April 2012, are now available to download here.
The event brought together local African and international industry, major tin buyers and downstream metal users, warehousing, infrastructure, and finance companies, with Government, UN experts, ICGLR, iTSCi and BGR project partners, as well as local NGO's.
A synopsis of key decisions from the seminar, along with suggestions for...
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Minsur production falling
Official March mine production data released by Peru's mining ministry showed increases in output of most base and precious metals, with the exception of tin. March tin production was reported at 2,294 tonnes, down by 6.6% compared to the same month of 2011. First quarter tin-in-concentrate production amounted to 6,607 tonnes, 2.7% lower than in the same period of last year.
Production in the 2011 comparison period was already depressed as a result of a significant reduction in ore...
