Tin in the News (14 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.

Indonesian shipments strong in January (14 Feb 2013)


Refined tin shipments from Indonesia, the world’s top exporter, rose 5.4% in January to 9,154.71 tonnes from 8,689.20 tonnes in December 2012.  The January 2013 export is also 70% higher than the January 2012 export of 5,380.43 tonnes.

The January tonnage is surprisingly high given that production at this time of the year is usually constrained by monsoon weather conditions.  The latest numbers confirm that higher prices have stimulated a surge in small-scale mining activity.

 

Increase in Renison reserves (14 Feb 2013)

Metals X has reported a 20% increase in tin ore reserves at its 50%-owned Renison mine in Tasmania.  Proved and probable reserves at Renison are estimated at 3.96 million tonnes of ore at 1.39% tin, giving a tin content of 55,000 tonnes.  In addition, tailings at the mine amount to 19.62 million tonnes at 0.45% or 87,800 tonnes of contained tin.

Kasbah progresses Achmmach resource upgrades (14 Feb 2013)

The latest exploration results at Kasbah Resources’ Achmmach project in Morocco is focused on the Gap Zone of the main Meknes Trend orebody.  Some of the best drilling results show tin grades ranging from 1.02% to 5.77% tin.

Tin International widens Saxony exploration (14 Feb 2013)

Tin International (TIN), a subsidiary of Deutsche Rohstoff AG has received an exploration licence for five years for the area around Sadisdorf in the eastern part of the Erzgebirge (“ore mountains”) area.  Sadisdorf has been the site of tin, copper and molybdenum mining operations since the 1500s and is located 15 km from Altenderg, the largest of all historic mines in the Erzgebirge, which ceased operation in 1991.

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