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Articles tagged with: Indonesia

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%...

Indonesian tin exports rise in December

Post By: Tom Mulqueen on Friday, 06 January 2017

Indonesian tin exports in December amounted to 6,051 tonnes, some 24% high than in the previous month, according to preliminary figures released by the trade ministry today. Reported figures for 2016 totalled 63,559 tonnes, down by 9.4% compared to the previous year.

The latest figures are based on pre-shipment checks made by surveying companies and include 26 tonnes of tin solder, as well as refined metal ingots. They are consistent with the December trading volume on the ICDX, through...

Indonesian tin exports low in November

Post By: Peter Kettle on Wednesday, 07 December 2016

Indonesian tin exports in November amounted to 4,892 tonnes, some 25% lower than in the previous month, according to preliminary figures released by the trade ministry today. The cumulative tonnage for the first eleven months of the year is 57,508 tonnes, down by 18% compared to January-November 2015.

The latest figures are based on pre-shipment checks made by surveying companies and include a small quantity of tin solder, as well as refined metal ingots. They are consistent with the...

Timah production recovers in Q3

Post By: Tom Mulqueen on Monday, 31 October 2016

Indonesia's state-controlled tin company, PT Timah, has reported strong operational and financial results in Q3, aided by the rising tin price, although total production for the first 9 months of the year still lags behind 2015 levels.

Q3 mine production rose 9% year-on-year and by 20% relative to the previous quarter to 6,865 tonnes of tin-in-concentrate, primarily due to a doubling of production from onshore mining operations since Q2. Refined tin production fell 2% year-on-year to 6,475 tonnes, but...

RBT builds up production

Post By: Peter Kettle on Tuesday, 27 September 2016

Indonesia's largest private tin smelter, PT Refined Bangka Tin is planning to build up production to 800 - 900 tpm and is in the process of re-instating the listing of its brand on the LME, Metal Bulletin reported. The company was reported by trade sources to have re-started production in August, after previous owner Tomy Winata sold and closed the operation in Sungailiat, Bangka island in February. Winata announced at the time that the plant would be scrapped, but...

Indonesian exports recover in August

Post By: Peter Kettle on Thursday, 08 September 2016

Indonesian tin exports rose to 5,379 tonnes last month, 62% higher than in July. In August 2015 exports were zero as a result of the introduction of a new export regulation and delays in issuing export licences. In the 12 months to August 2016 exports have amounted to 62,809 tonnes.

The preliminary data released to news agencies by the trade ministry today is based on pre-shipment checks performed by surveyor companies, and includes solder and other tin products as...

Timah reports lower production and revenues in H1

Post By: Tom Mulqueen on Wednesday, 31 August 2016

The Indonesian state-run tin company, PT Timah, has reported a fall in production, stocks and revenue in its 2016 first half financial report, despite a reduction in costs and rise in average tin prices during the period.

The company reported that its first half production of tin ore from mine operations fell 37% to 9,107 tonnes compared to the same period of 2015, with onshore mining output falling 68% to 1,831 tonnes and offshore production falling 15% to 7,277 tonnes. Refined...

Refined Bangka Tin to restart production

Post By: Tom Mulqueen on Wednesday, 24 August 2016

The Indonesian private tin smelter, PT Refined Bangka Tin (RBT), has announced plans to resume production following a change of management, FastMarkets reported earlier today. In February this year it was announced that operations had ceased due to environmental concerns and that the company's smelting and refining facility on Bangka Island would be scrapped.

Comments from FastMarkets sources suggest environmental concerns were only a part of the decision to halt operations and that internal disagreements between the company's owners...

Timah cuts 2016 production forecast

Post By: Peter Kettle on Thursday, 04 August 2016

Indonesian state-controlled tin producer PT Timah will not meet its original production target of 30,000 tonnes this year. The company's corporate secretary, Agung Nugroho, told Reuters today that output is now likely to be between 24,000 and 27,000 tonnes this year. "Right now we are struggling with production," Nugroho said. However he expected that production will recover to more than 30,000 tonnes in 2017 as a result of the addition of new tin mining vessels and "improved communication with...

Strong month for Indonesian exports

Post By: Peter Kettle on Wednesday, 20 July 2016

Preliminary data released by Indonesia's trade ministry today put June exports of refined tin at 7,652 tonnes, down by 8% compared to June 2015 but up by 42% compared to May. This is the biggest monthly total so far in 2016 and is also significantly higher than reported sales through the ICDX last month. June ICDX turnover was 1,256 lots, or 6,280 tonnes. The trade industry figures are based on pre-shipment checks carried out by surveyor companies and may...