KLTM
                 03 Sept06 Sept
 Tin21,40021,405
 LME
 02 Sept03 Sept
 Tin 21,55021,450
 Nickel 21,45521,875
 Copper 7,625.57,631.5
 Gold 1,248.5
n.y.a
 Silver 1,9451,966
 Aluminium 2,1052,128.5
 Steel(billets)465
n.y.a
In tonnes except gold & silver in troy oz
Tin in the News (21 Mar 2010)
Source:  ITRI 21 March 2010

Huanuni expansion tender re-issued (21 Mac 10)

The Bolivian government will be re-tendering for equipment at the Huanuni mine where a large expansion project is currently underway.  The US$40 million project will involve the construction of a new mill to expand ore processing capacity to 3,000 tpd, roughly three times the throughput achieved up to 2008.  Last year’s tender has been declared void.  The tender this time will be by direct invitation and turnkey.

The Huanuni mine last year accounted for just over half of Bolivia’s total tin mine production of 19,575 tonnes.

 

 
Chinese producers downplay drought impact (21 Mac 10)

China’s two largest producers of refined tin in 2009, Yunnan Tin Company and Yunnan Chengfeng Nonferrous Co, told Dow Jones that power shortages caused by the current drought in south western China has not yet had a big effect on their production.  Hydropower facilities account for around 70% of the electricity generating capacity in Yunnan.

Australian explorers bring in new investors (21 Mac 10)

Two ASX-listed Australian exploration companies actively developing substantial tin mine projects have announced share placements two new investors.  Kasbah Resources, which is developing the Achmmach tin project in Morocco, will raise A$3.5 million from the World Bank and its major existing shareholder African Lion Fund.  Meanwhile Venture Minerals will raise A$5.5 million from an unnamed European institution towards its Mt Lindsay tin-tungsten-magnetite project in Tasmania.

Supply chains unite to start iTSCi mineral traceability project in DRC (19 Mac 10)

Following the implementation of the first phase of a comprehensive due diligence plan for tin minerals exported from the DRC in July 2009, ITRI is now starting on Phase 2 pilot trial which will begin to track minerals and provide verifiable provenance information from individual mine sites in eastern DRC.  Phase 2 represents the first practical field trial designed to address concerns over “conflict minerals” from the region.  This project has been made possible by the combination of support from a range of important sources, the tin trading and smelting sector, the tantalum industry, and downstream users of both tin and tantalum metal.

If successful, and appropriate additional funding is secured, the pilot trail is expected to be expanded after the first 6 months of operation across 4 provinces of the DRC, North and south Kivu, Maniema and Katanga.

A third phase is envisaged which will include development of a more detailed set of social and environmental performance standards and ratings later in 2010 or 2011.

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