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Markets // Market Analysis

Articles tagged with: Brazil

Pitinga-Pirapora tin output reaches fresh highs

Post By: Tom Mulqueen on Friday, 18 August 2017

Refined tin production from Minsur's subsidiary in Brazil, Taboca, rose 28% year-on-year to 1,934 tonnes in Q2 according to the company's Q2 financial report, while production from the Pitinga Mine declined 3% to 1,622 tonnes.

The increase in refined tin production was explained by an 18% higher volume of concentrate to the smelter and a 37% rise production of tin from slags. Output in the first half of 2017 totalled 3,356 tonnes, up 39% from the same period of...

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,...

Mixed results for Brazil tin output in 2016

Post By: Tom Mulqueen on Tuesday, 25 April 2017

Provisional data from the Brazilian tin association, Sindicato Nacional da Indústria da Extração do Estanho (SNIEE), reveals a 9.5% increase in tin mine output to 12,606 tonnes in 2016 compared to 2015, although refined tin production fell 1.6% to 11,663 tonnes over the same period.

Minsur's Brazilian subsidiary, Taboca, remains the top producer of both tin ore and metal, with mine production of 6,864 tonnes and refined tin output of 5,873 tonnes, both accounting for just over 50% of...

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...


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