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Bolivia reports weaker tin output in Q1

Post By: Tom Mulqueen on Friday, 07 July 2017

Official statistics from the Bolivian Ministry of Minerals and Metals reveal a year-on-year fall in both mine and refined tin production in the country in the first quarter of 2017, with mine output falling 6.7% to 4,381 tonnes and refined metal production falling 14.1% to 3,809 tonnes.

The reduction in mine output can be largely attributed to a 37% year-on-year fall in production attributed to mining cooperatives to 590 tonnes during Q1, with reported state-owned mined output increasing by...

PT Timah reports strong Q1 performance

Post By: Tom Mulqueen on Thursday, 06 July 2017

Integrated Indonesian tin producer, PT Timah, has reported a strong first quarter for production, with mine output up 125% year-on-year to 7,675 tonnes in 2017 and refined production up 65% to 6,963 tonnes.

The company reported in a press release that the increase was a result of reconstruction and replacement of production facilities, increased production capacity and better support facilities. The company's ongoing efforts in this area include the opening of new onshore mine units, additional cutter suction dredges...

China tin concentrate imports see large May increase

Post By: Tom Mulqueen on Thursday, 06 July 2017

Chinese tin ore and concentrate imports in May totalled 34,077 tonnes in gross weight, up 49% compared to April, but down 16% year-on-year according to the latest official data.

Nearly 99% of the reported imports in May were from Myanmar, with tin contained in the imported concentrate estimated to be more than 7,000t, up by 33% compared to April and up 70% from the last year. The grade of tin concentrate from Myanmar is generally higher than in 2016...

LME approves MSP brand listing

Post By: Tom Mulqueen on Friday, 16 June 2017

On June 8th the London Metal Exchange (LME) announced the approval of Indonesian tin smelter Mitra Stania Prima (MSP) as a listed LME brand, making it deliverable against the LME Tin Contract.

MSP's smelter is based on the island of Bangka in Indonesia, with an approximated annual tin refining capacity of 6,720 tonnes per year. The company is an integrated mining and smelting operation, counting onshore open pit operations among its assets.

ITRI View: The addition of MSP brings the total...

Indonesian tin exports robust in May

Post By: Tom Mulqueen on Friday, 09 June 2017

Indonesian tin exports in May amounted to 6,989 tonnes, up 30% year-on-year and up 10% compared to April, according to preliminary figures released by the trade ministry earlier this week. This brings the total for 2017 so far to 31,385 tonnes, up 43% compared to the same period of 2016.

The latest figures are based on pre-shipment checks made by surveying companies, which typically include a small amount of tin in solder form, as well as the refined metal...

Myanmar tin exports stabilise in April

Post By: Tom Mulqueen on Friday, 09 June 2017

Latest official China customs statistics reveal that April imports of tin ore and concentrate from Myanmar totalled 22,808 tonnes (gross weight), up 14% from March, but down 51% year-on-year.

The decline in gross weight of tin imports since last year is partially a result of higher tin content due to investment in processing infrastructure at the Man Maw mining district in Wa, Myanmar. Tin content of the concentrate exported is understood to have averaged some 23%Sn in April,...

YTC receive permission to carry out processing trade

Post By: Tom Mulqueen on Wednesday, 07 June 2017

On April 20th this year, Yunnan Tin Company (YTC), the largest tin-producing company in China, received sole permission from the Ministry of Commerce of the People's Republic of China to carry out the processing trade of tin concentrate.

The policy, which was officially announced by YTC on Monday, means the company can buy tin concentrate from abroad without being charged tax by the Chinese government, providing refined tin produced from the concentrate that is imported under the policy is...

MSC profits rise sharply in 2016

Post 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...

Korea stockpile makes first purchase of 2017

Post 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...

Pitinga producing at full capacity in Q1

Post 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,...

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