Tin in the News (28 March 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.

Alent outperforms electronics in the first annual results (28 Mac 2013)

Alent plc, created in December 2012 by the de-merger of the electronics assembly materials and plating chemicals businesses of the Cookson Group, announced a small increae in profits last year despite a decline in electronics industry production and falling bar solder sales volumes.  Net sales value (NSV = Product sales minus tin and precious metals costs) for the Assembly Materials division (including solders and related products) amounted to UKŁ208 million, up 2.3% y-o-y at constant exchange rates.  Operating profit margin on NSV rose from 25.1% to 28.2%.

Looking forward, CEO Steve Corbett commented: “Our major global electronics end-market are expected to return to positive year on year growth, with more limited growth in global printed circuit board surface area production.  This improving market development is likely to be tempered by the continuing macroeconomic headwinds across the Eurozone, especially in the automotive industry.”

 

 China imports in February slow down (26 Mac 2013)

China imported 1,145t refined tin in February, down by 51% compared to January and 69% y-o-y.  Total refined tin imports in January-February were 3,495t, down by 35% y-o-y.

Tin concentrate imports in February was 3,195t (gross weight), after an improbable 17,661t in January.  The big concentrate imports in January mainly flowed from Myanmar into Yunnan Province.

According to data from China Nonferrous Industry Association, China’s refined tin production in January-February was 21,430t, down by 2% compared to the same period of 2012, but mine production increased by 18% to 13,329t.  The increase was due to the revival of mines in Guangxi and Inner Mongolia.

AusNiCo launches PFS on Taronga project (28 Mac 2013)

AusNiCo Limited announced the positive results of a preliminary economic evaluation of the Tarong tin project in New South Wales.  Based on parameters reported by Newmont in the early 1980s and a re-costing of the plant capital and operating cost, DRA Pacific Pty Ltd, working for AusNiCo demonstrated a positive operating cash flow of some AUD13 per tonne of ore on the basis of a 3.7 million tpy capacity plant incorporating heavy media separation costing AUD95 million.  Work has commenced to determine the potential value of by-product credits.

The Taronga project has an historic resource estimate of 46.7Mt of ore containing 68,000 tonnes of tin, as well as significant copper and silver.

Strengthening the Rwandan mineral sector (28 Mac 2013)


The recently appointed Mines State Minister in Rwanda, Evode Imena has explained how the Government and the mining sector plan to work together to strengthen the performance of the sector further.  These include bolstering the geology and mines department into an entity that can fully prepare and conduct mineral exploration projects and efficiently monitor and regulate mining activities.  The move is very much welcome by ITRI and companies purchasing minerals from
Rwanda.

Important developments in conflict minerals regulation (28 Mac 2013)


The EU has begun a consultation period running up to 26 June 2013 on a possible initiative on responsible sourcing of minerals originating from conflict-affected and high-risk areas.

In 26 March, the Canadian government has introduced Bill C-486 which would require Canadian companies to exercise due diligence with respect to conflict minerals sourced from the Great Lakes Region of Africa.

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