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Timah report improved financials for 2016

Post By: Tom Mulqueen on Wednesday, 01 March 2017

The Indonesian state tin company, PT Timah, reported a 148% increase in profits to Rp 251.97 billion (~US$18.9 million) in 2016, despite a fall in mine and refined tin production to 24,121 and 23,756 tonnes respectively, according to an official press release by the company.

While tin-in-concentrate and refined tin output both fell compared to 2015, the company had a particularly strong final quarter, with a 19% QOQ increase in mine output to 8,142 tonnes and a 20%...

Myanmar peace process meeting delayed

Post By: Tom Mulqueen on Wednesday, 01 March 2017

The second meeting of Aung San Suu Kyi's 21st Century Panglong peace process, which was originally scheduled for mid-February, appears to have been postponed and is not expected to be held until mid-March at the earliest. The peace process has been closely followed by those with concerns over the responsible sourcing of tin from the areas controlled by the UWSA, a major ethnic armed group, which is a major supplier of tin ore and concentrate to China, exporting tin...

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