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Fitch maintains Minsur credit rating

Post By: Tom Mulqueen on Tuesday, 24 January 2017

Minsur's tin production from its operations in Peru and Brazil is forecast to increase from some 26,000 tonnes in 2016 and 2017, to around 30,000 tonnes by 2019, in a new analysis published by Fitch Ratings earlier this month.

Fitch re-affirmed a BBB- rating on Minsur bonds, with a stable outlook. In the release, Fitch noted the continued low cost of production in Peru, that the "long-term fundamentals for tin remain sound" and that "the recent trend (at the San Rafael...

China ore and metal imports both up in December

Post By: Tom Mulqueen on Tuesday, 24 January 2017

China customs data released yesterday shows a rise in tin ore, concentrate and metal imports last month. The gross weight of ore and concentrate imports in December was 46,538 tonnes (estimated 5,400t contained tin), up by 5% compared to December 2015, while tin metal imports for the month rose 44% year-on-year to 1,692 tonnes.

The flow of raw materials continues to be dominated by border trade with Myanmar's Wa County, which accounted for 98.8% of ore receipts last month....

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