Source:  ITRI 18 March 2010

 Bluestone JV deal settled (18 Mac 10)

Metals X Ltd has concluded the deal to sell 50% of its Tasmanian assets for A$50 million to form a JV (Bluestone Mines Tasmania Joint Venture Pty Ltd) between its subsidiary Bluestone Mines Tasmania Pty Ltd and YT Parksong Australia Holding Pty Ltd.

Brazil production slumps (18 Mac 10)

Brazil’s mine production of tin-in-concentrate in 2009 amounted to 10,380 tonnes, down 20% from the 12,992 tonnes produced in 2008.  The fall was due mainly to the re-organisation at Taboca’s Pitinga mine following its acquisition by Minsur.  Refined tin fell by 3.3% to 10,446 tonnes.

Ebullio reports big loss in February (17 Mac 10)

Ebullio Capital Maangment LLP, the UK-based hedge fund which last year was widely reported to have held a dominant position in the LME tin market, reported a minus 86% return in February, but remains in business.

Private smelters predict fall in Indonesian output (05 Mac 10)

In an interview with Reuters, Johan Murod, director of PT Bangka-Belitung Sejahtera predicted that tin production from Indonesia’s main tin region could drop to 50,000 tonnes in 2010 as controls on small-scale mining tighten.

China’s tin production up in January-February (11 Mac 10)

According to a Bloomberg report, provisional data released by the National Bureau of Statistics show that China’s refined tin production in January-February was 20,300 tonnes, 94% higher than in the same two months of 2009.  The lower production in January-February last year could be due to the fact that several major plants were closed during this period in response to the slump in sales and prices following the global financial crisis.

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