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  • MSC profits rise sharply in 2016

    by: Tom Mulqueen, on Friday, 26 May 2017

    Malaysia Smelting Corporation (MSC) has revealed a 1,400% year-on-year increase in profit before tax to RM49.5 million (~US$11.6 million) in 2016, largely as a result of improved tin prices compared to 2015. The group's revenue was broadly stable at RM1.5 billion in 2016 as refined tin production fell by 11.3% to 26,802 tonnes.

    At MSC's Rahman Hydraulic open-pit tin mine, all processing units operated throughout 2016 at near full capacity to produce 2,228 tonnes of tin-in-concentrate. Management is...

  • Debt financing to fund La Parrilla expansion

    by: Tom Mulqueen, on Friday, 26 May 2017

    London Stock Exchange listed, W Resources Plc (AIM:WRES), has started a process to raise some US$24 million in debt finance to fund the US$27 million expansion of its La Parrilla tungsten-tin project in the Extremadura region of south-west Spain.

    The second stage of the La Parrilla mine development would increase the capacity of the mine to 2 million tpa, or 2,500 tpa of tungsten concentrate and 500 tpa of tin concentrate. The design and engineering of the expansion also...

  • Korea stockpile makes first purchase of 2017

    by: Tom Mulqueen, on Wednesday, 24 May 2017

    South Korea's Public Procurement Service (PPS) bought 200 tonnes of 99.9% Indonesian tin from Daewoo at its latest tender on 23 May, including 100 tonnes at 400ppm lead at a US$480 cif premium to the LME price and 100 tonnes of 100ppm low-lead tin at a premium of US$580. 

    The purchases represent the first two tenders held by PPS in 2017. PPS is a state organisation providing a purchasing and stockpiling service for small and medium-sized enterprises in Korea, The organisation...

  • ITRI launches Responsible Tin Supply group

    by: Tony Wallace, on Wednesday, 24 May 2017

    International tin industry organisation ITRI has launched a Responsible Tin Supply group aimed at achieving a credible, responsible and more coordinated supply chain for tin. The group will bring together stakeholders from all tiers of the supply chain including tin traders and users from the solders, tinplate and tin chemicals industries and those companies further downstream. Chaired by an external industry expert it will provide an opportunity to exchange information and promote discussion aimed at developing and implementing joint...

  • Pitinga producing at full capacity in Q1

    by: Tom Mulqueen, on Friday, 19 May 2017

    Minsur's 2017 first quarter consolidated results, released last week, reveal that tin-in-concentrate production by its Brazilian subsidiary, Taboca, rose by 18% to 1,767 tonnes compared to the first quarter of last year, while Taboca's output of refined tin rose 59% to 1,422 tonnes over the same period.

    Four reasons have been provided by Minsur for the increased output of refined tin. The first is the 30% year-on-year Q1 increase in ore volume treated at Pitinga to 1.76 Mt,...

  • iTSCi incidents referenced in Apple’s 2016 CMR

    by: Steven Peterson, on Tuesday, 09 May 2017

    Apple's Conflict Minerals Report (CMR) for the period of 2016 has recently been published here.  The CMR notes 15 incidents in which individuals identified as members or potential members of 'armed groups' were alleged to be involved. Of these, the majority of incidents (13) were relating to 3T minerals due to the far greater transparency of risks monitored by iTSCi than for other minerals with no industry programme active on the ground.

    As was the case in the previous year, iTSCi...

  • ITRI Tin Industry Review 2017 report now available

    by: Tom Mulqueen, on Monday, 08 May 2017

    ITRI has published its latest authoritative report on the global tin market, titled the "ITRI Tin Industry Review 2017 – Navigating Global Uncertainty". This is the fifth edition of a series of major studies on the tin industry outlook published by ITRI since 2008. More information on the contents of the report and how to get hold of it are available here.

    More than a decade on, the global economy remains trapped in the shadow of the 2008 global...

  • Renison expansions progress as Q1 output remains flat.

    by: Tom Mulqueen, on Monday, 08 May 2017

    In its latest quarterly report, Metals X reported Q1 tin-in-concentrate production from the Renison Mine in Tasmania remained broadly flat at 1,783 tonnes, up just 1% from the previous quarter. While production is currently steady, progress was reported on both the ore sorting and tailing reprocessing projects during the quarter.

    Mined ore grades remain stable at 1.28%, while tin recoveries continue to improve, rising to 75.7% in Q1 from 72.3% in Q4. All-in Costs rose by 2.7% to A$18,992...

  • Indonesian tin exports rise slightly in April

    by: Tom Mulqueen, on Friday, 05 May 2017

    Indonesian tin exports in April amounted to 6,378 tonnes, 3.8% high than in the previous month but down -7.7% according to preliminary figures released by the trade ministry today.

    The latest figures are based on pre-shipment checks made by surveying companies and include 182 tonnes of tin in solder and others forms, refined metal ingots represent 97% of the figure. The 6,196 tonnes of refined tin exports included in the total is broadly consistent with the April trading...

  • Peru tin output falls due to maintenance

    by: Tom Mulqueen, on Friday, 05 May 2017

    Minsur has released its Individual Q1 results for its Peruvian operations which reveal that refined tin production fell 18% year-on-year to 3,580 tonnes during the first quarter as a result of scheduled maintenance at the Pisco tin smelter in January.

    The maintenance at the smelter took place over a 23 day period and also resulted in a 25% increase in production cash costs to $10,284 due to lower production levels. Production at the San Rafael mine also registered...