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Articles tagged with: Minsur

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...

Minsur’s Peruvian production down in 2016

Post By: Tom Mulqueen on Wednesday, 15 February 2017

Individual Q4 results for Minsur's Peruvian operations, released today, reveal refined tin production totalled 19,573 tonnes in 2016, down 3.2% from 2015. Despite a 20% year-on-year fall in refined production to 5,023 tonnes in Q4, 2016 production guidance of 19kt to 19.5kt was exceeded.

In addition to the contraction in refined tin output from the Pisco smelter during Q4, tin-in-concentrate production from the San Rafael Mine fell 6% year-on-year to 4,828 tonnes in Q4, while head grades fell to...

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...

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...

Minsur reports Q3 rise in Peruvian production

Post By: Tom Mulqueen on Monday, 07 November 2016

Minsur's individual Q3 results, released at the end of October, reveal a 25% improvement in refined tin production from its Pisco smelter to 5,182 tonnes, and a 5% increase in tin-in-concentrate production from the San Rafael Mine to 5,114 tonnes, compared to Q3 2015.

The increased performance was explained both by lower production in September 2015, due to scheduled maintenance carried out at the Pisco smelter, and also the commissioning of the company's new Ore Sorting plant during Q3...

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...

New ore sorter helps Minsur production

Post By: Peter Kettle on Wednesday, 03 August 2016

The start-up of a new ore sorter at Minsur's San Rafael mine in Peru is helping keep the company on track to meet 2016 production and cost reduction targets. The new operation, commissioned in May, sorts low grade ore which had previously been stockpiled for treatment at the end of the mine's life.

Production of tin-in-concentrate at San Rafael in April-June declined by 8% year-on year to 4,573 tonnes, with a decline in average head grade to 2.03% more...

Minsur on track on 2016 production plans

Post By: Peter Kettle on Tuesday, 17 May 2016

Despite a 11% year-on-year fall in first quarter tin production at its operations in Peru and Brazil, Minsur says it is on track to produce 26,000 – 28,000 tonnes of refined tin this year. Announcing its first quarter results the company pointed to a new ore sorting project which is expected to boost ore grades at its San Rafael mine and the planned completion of repairs to the dam at the hydro-electric power plant supplying its Pitinga mine during...

Minsur to expand production

Post By: Peter Kettle on Thursday, 05 May 2016

Speaking at the ITRI International Tin Conference in Lima, Minsur CEO Juan Luis Kruger presented a positive outlook for tin production by the company and in South America in general. The group's tin production in Peru and Brazil is expected to rise from 25,750 tonnes in 2015 to over 30,000 tpy in the next three years, boosted by a planned start-up of the B2 tailings treatment project at the San Rafael mine in Peru from late 2018 and an...

Access to Minsur mine blocked

Post By: Peter Kettle on Wednesday, 06 April 2016

Minsur announced late yesterday that members of the Antauta community, located next to its San Rafael mine in Peru, have blocked the access road to the mine.

In a statement the company said that "to date, the company has not received any communication from the community regarding the claims that motivated this action. Even though the company has tried to communicate with the blockage leaders, it hasn't been able to meet with them and therefore has been unable to...