Australian government clears Metals X – Yunnan agreement (01 Dec 2009)

Australian’s Foreign Investment Review Board (FIRB) has given its approval to allow China’s Yunnan Tin Group (YTG) to acquire up to 60% of Metals X’s Tasmanian tin assets.  The YTG is to pay AUD50 million for a 50% stake in the joint venture, with an option to take a further 10% at a price dependent upon operating performance.

Monsoon restricts Indonesia supply (27 Nov 2009)

Indonesian private smelters reported continuing difficulties in obtaining ore supplies, as monsoon rain and winds have limited mining activities by small-scale miners.  Members of consortium Bangka-Belitung Timah Sejahtera have been operating at 30% capacity since they resumed operations in October, and cannot increase production due to lack of ores.  However, the production plans of the two large integrated producers, PT Koba and PT Timah are unchanged according to their spokespersons.

 New move to listing for China Tin (27 Nov 2009)

The Guangxi holding company which includes Liuzhou China Tin is making a second attempt to achieve a stock listing following a failed attempt to list on the Shanghai Stock Exchange earlier this year.  The new plan involves Shenzhen Stock Exchange listed Guilin Guanglu Measuring Instrument Co. Ltd which is reported to be in talks with Guangxi Nonferrous Metals Group Co. Ltd.

Guangxi Nonferrous, based in the Guangxi Zhuang Autonomous Region, was set up in July 2008 to consolidate non-bauxite non-ferrous resources in the region.  Its subsidiary, China Tin Group currently has an annual ore processing capacity of 2.5 million tonnes, and an annual production capacity of 25,000 tonnes of tin apart from those for indium and zinc.


(Source:  ITRI 02 December 2009)

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