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Tin in the News (12 December 2011) |
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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.
Investing in Tin Seminar – notes on the new generation of tin mine projects (09 Dec 2011)
More than 80 delegates attended the ITRI seminar aimed at investors and analysts held in London on 5 December. After an overview presentation highlighting the need for more investment in new mine supply over the next few years, six members of the ITRI Explorers and Developers Group gave short presentations outlining their plans to bring on-stream new mines in Australia, Spain, Germany and Morocco. Australia could be the main single source of new mine production in the next five years, helping to offset expected decline in production in the big two current suppliers, Indonesia and China. Brief highlights of the presentations follow below:
Consolidated Tin Mine is developing a project in the Herberton area of northern Queensland for open pit mining of low grade deposits, with a number of mining sites to be served by a central processing unit.
Eurotin is exploring two deposits in Spain which are at the southern end of the West European tin belt running from Cornwall in the UK through Brittany in France. The Oropesa project is a hardrock
deposit, while Santa Maria is a mix colluvial and alluvial deposit.
Kasbah Resources now has full control of the Achmach project in Morocco and has announced it had agreed to acquire exploration permits for the Bou El Jaj prospect 8 km from its core site.
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Tin in the News (24 November 2011) |
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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 private smelters confirm ban, discuss plans for 2012 (24 Nov 2011)
Independent smelter members of the Indonesia Tin Association (ITA) agreed yesterday to continue an export halt to the end of this year, although Indonesia’s two large integrated producers, PT Timah and PT Koba Tin, did not attend the meeting at which the decision was affirmed. The ITA is continuing discussions in Singapore today and tomorrow with international tin buyers on marketing arrangements in 2012, while plans to establish a local Indonesian tin market evolve.
Meanwhile Timah, under long-term contracts, plans to ship some 4,000 tonnes per month in November and December, and Koba Tin plans to ship 400 tonnes this month. According to Johan Murod, secretary of the ITA, all participants want Timah and Koba Tin to stop exporting.
In a related development the Indonesian Commodity & Derivative Exchange (ICDX) announced it will launch a physical tin contract (and also a palm olein contract) in early 2012. Material for the physical tin contract will be supplied by members of the ITA. A tin futures contract will likely follow later in 2012.
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Tin in the News (17 November 2011) |
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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.
Tin production by Bolivian state companies falls (Thursday, 17 November 2011 )
For the period January to September 2011, tin-in-concentrate production at the Huanuni mine fell by 7.7% year-on-year to 6,714 tonnes, while refined tin production at the nearby Vinto smelter declined by 1.1% to 8,421 tonnes. Bolivia’s total tin-in-concentrate production in the nine months to September was 14,735 tonnes, down 1.2% year-on-year, with the fall in Huanuni's production partly offset by a rise in output from the Colquiri zinc-tin mine. Total national refined tin production fell 1.1% to 11,154 tonnes, with the fall at Vinto countered by higher production by OMSA.
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Tin in the News (10 November 2011) |
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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 exports rise despite halt (10 Nov 2011)
Provisional data shows tonnage of tin metal checked prior to export in October was 5,442 tonnes, 4% higher than in the previous month, despite the agreement by most Indonesian producers to halt sales from 1 October. The latest monthly figure was however down by 38% compared to the same month last year in October. Tin was shipped to six destinations including Singapore, the Netherlands and Taiwan. The total export for the first 10 months of the year was 78,715 tonnes, 4% more than the 75,778 tonnes shipped during the same period last year.
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Tin in the News (30 September 2011) |
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Source: ITRI Ltd
Indonesian companies plan Jakarta tin market (30 Sep 2011)
It was aanounced that all Indonesian producers would halt exports of tin with effect from 1 October 2011. Members of the Indonesian Tin Industry Association would establish a Jakarta Tin Market (JTM) as the sole market for Indonesian tin products. The JTM, to be jointly operated by 24 Indonesian tin miners led by state-owned PT Timah, would allow local producers to control the prices charged for their tin products, a process hitherto controlled by foreign brokers and traders.
Indonesia has been shipping 8,000 – 9,000 tonnes a month of tin to the rest of the world recently, so this move will soon make a big difference to availability |
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