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Markets // Market Analysis

Articles tagged with: Brazil

Pitinga outlook positive after record year

Post By: Tom Mulqueen on Monday, 06 March 2017

Minsur's consolidated results, released last week, report that tin output from the Pitinga mine in Brazil rose by 20% year-on-year to 6,875 tonnes, a record high since the mine's acquisition by Minsur in 2008, while refined tin produced at the Pirapora smelter in Brazil rose 6% to 5,873 tonnes. Refined tin production by Minsur's operations in Peru and Brazil totalled 25,445 last year, down 1% from 2015, but in line with official guidance.

The company's Brazilian operations, which are...

Pitinga production strong in Q3

Post By: Tom Mulqueen on Tuesday, 15 November 2016

Minsur's Q3 consolidated results, released yesterday, reveal that refined tin output from its Brazilian subsidiary, Taboca, rose 16% YoY to 1,742 tonnes during the quarter. The increase was largely due to completion of hydroelectric plant repairs at the Pitinga mine and brings Minsur's total refined tin production in Brazil and Peru to 6,924 tonnes for Q3.

The impact of repairs to the hydroelectric plant was most notable in the year-on-year increase in tin-in-concentrate production from the Pitinga mine In Q3, which...

Taboca production flat in Q2

Post By: Tom Mulqueen on Monday, 15 August 2016

Minsur's Brazilian subsidiary, Taboca, produced 1,514 tonnes of refined tin in Q2 2016, up 1 tonne on the same period of 2015, according to the company's consolidated operating results, released earlier today. Output from the Pitinga mine totalled 1,680 tonnes of tin-in-concentrate for the same period, up just 8 tonnes on 2015.

The volume of ore treated at the Pitinga mine in Q2 rose 8% to 1.59 Mt, while tin head grades rose 1% to 0.21% Sn relative to...

2015 tin production rises at Minsur’s Brazilian operations

Post By: Tom Mulqueen on Tuesday, 08 March 2016

Minsur's consolidated results for Q4 reveal that total tin-in-concentrate production from the Pitinga mine in Brazil, operated by its subsidiary, Taboca, rose 2% to 5,744 tonnes in 2015. In addition, refined tin production from Taboca's Pirapora smelter rose 10% to 5,525 tonnes.

A higher tin recovery of 53% resulted in the rise in Pitinga mine production, despite a 4% lower volume of ore treated and a negligible 2% fall in average tin grade. The reduced volume of ore treated...

Expected production and price increases support Minsur credit rating

Post By: Tom Mulqueen on Tuesday, 19 January 2016

Minsur's tin production from its operations in Peru and Brazil is forecast to increase from some 26,000 tonnes in 2015 to close to 30,000 tonnes in 2017 in a new analysis by Fitch Ratings.

Fitch affirmed a BBB- rating on Minsur bonds, with a stable outlook. In a release Fitch noted the low costs of tin production in Peru, the group's "historical track record of very low leverage" and management's "aggressive plan to reduce costs and capex, responding...

Mixed production results from Minsur’s Brazilian operations

Post By: Tom Mulqueen on Wednesday, 18 November 2015

While production at the Pitinga mine fell in Q3, tin output at the company’s Pirapora smelter rose by 7%.

Minsur released its consolidated Q3 results on Monday revealing that its Brazilian subsidiary, Taboca, saw a 21% year-on-year fall in Q3 tin production from its Pitinga mine to 1,173 tonnes in 2015. This was primarily due to restricted energy supply and production halts relating to the discovery of water leaks at the dam feeding the mine's hydroelectric plant. Production in...

Pitinga production capacity to fall 33%

Post By: Tom Mulqueen on Thursday, 10 September 2015

Peru based tin miner Minsur has announced a 33% reduction in tin production capacity from its Pitinga tin mine in Brazil for nine to twelve months as it carries out emergency repairs.

The company was forced to halt production in August following discovery of water leaks at the hydroelectric plant which powers the mine. Production was resumed shortly after at a reduced rate as power generation at the plant continued at half capacity. This recent statement was released following...

Brazil boosts Minsur production in 2014

Post By: Tom Mulqueen on Thursday, 05 March 2015

Minsur's Q4 2014 consolidated results reveal a 3% increase in total tin production from its Brazilian and Peruvian operations to 29,234 tonnes in 2014 compared to the previous year. This is despite a 5% fall in tin production in Q4 2014 to 7,734 tonnes from the same period of 2013.

There was a significant increase in tin production from the Pitinga mine, run by Minsur's Brazilian subsidy, Taboca. This amounted to 1,400 tonnes of tin in Q4, up...