Tin in the News (07 February 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.


PT Timah plans Myanmar investments (02 Feb 2013)

PT Timah President Director announced that two business units fully owned by PT Timah will be set up to handle their investment in Myanmar, one to operate a tin mine in Tanithary province and the other to market its tin produced in Myanmar.  Right now the focus is to obtain all necessary permits from the local government in accordance with Myanmar’s mining procedures.  PT Timah has allocated US$18 million to develop the 10,000 hectare concession site over a three-year period.

PT Timah plans to produce 30,000 tonnes of tin this year (cf 29,600 tonnes produced in 2012).  It will seek to boost earnings by cutting production costs from between US$16,000 and US$18,000/tonne on average to below US$15,000/tonne next year.

 

Minsur appoints new CEO (07 Feb 2013)

Minsur has appointed Juan Luis Kruger Sayan as its new CEO to replace Lucio David Pareja Chavez who resigned in January 2013.  Mr Kruger, who will assume responsibility in mid-March was previously in charge of the Peruvian copper/silver operations of South African miner Gold Fields.

Minsur ‘s core business is tin mining and smelting in Peru, but it recently ventured into gold and copper.


Canadian companies exploring in Central Africa (07 Feb 2013)

Two Canadian-listed juniors have been releasing regular reports on their exploration work in DR Congo and Rwanda.

Alphamin Resources’ exploration is focused on two target areas, Gecomines and Golgotha in North Kivu, DR of Congo.  Gecomines is identified as a high grade priority zone with tin grades typically over 2% over significant widths.  The company plans 4,000 metres of drilling through Q3 of this year.  Initial drilling has identified significant copper values at Gecomines and lead, zinc and silver at Golgotha.

Solomon Resources has a two year prospecting licence over a 100,000 hectare area in Rurembo near Gitarama in northern Rwanda.  Five high priority follow-up areas have been identified based on analysis of airborne geophysical data and geological mapping.  Initial prospecting will be at Gipfizi Ridge, with both tin and coltan placer deposits targeted.

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