Tin in the News (10 January 2013)

Source:  ITRI Ltd

The following is a summary of the information circulated by ITRI Ltd.  For more details and the original text please visit http://www.itri.co.uk.



Indonesia exports remain strong (10 Jan 2013)

Indonesian exports of refined tin rose to 8,689 tonnes, up 9.4% from 7,946 tonnes in November.  Despite reported major production cuts by PT Timah and PT Koba Tin, the cumulative tonnage of tin checked for shipment in 2012 was 98,817 tonnes, up by 2.9% compared to 2011.

With effect from July the minimum purity of metal allowed to be exported shall increase from 99.85% to 99.9%.  Tin solder will also now be subject to control from the start of January.



Renison production rises (04 Jan 2013)

Hong Kong-based Goodtop Tin, a major Chinese shareholder of Renison mine in Tasmania, announced that the un-audited data showed production of tin-in-concentrate at the mine rose by 16.5% to 5,839 tonnes in 2012.  Goodtop acquired its stake in the business in March 2011 when it acquired Parksong Mining, the original partners with Yunnan Tin Group in the venture.



MGT plans first half 2013 production (09 Jan 2013)

Trading in Queensland-based MGT Resources shares commenced on the Australian Securities Exchange (ASX) on 9 January.  MGT has several hard-rock tin prospects and a small refurbished mill in the Mount Garnet area of Northern Queensland and is also carrying out gold exploration in the state.

The current indicated and inferred JORC resources at the Smiths Creek, Summer Hill and Dalcouth prospects amount to 793,400 tonnes at an average grade of 0.78% tin, or 6,163 tonnes contained tin.  Having already refurbished and commissioned the Mount Veteran mill, the company is in a position to start production in the first half of this year, treating up to 70,000 tpy of ore to produce some 500 tpy of tin-in-concentrate.  Feed is expected to come initially from the Dalcouth orebody.



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