Celeste publishes first resource estimate for South Crofty    (18 Jul 2011)    

    
Canada’s Celeste Copper Corporation, which in May announced an agreement to acquire a 25% stake in the South Crofty project in Cornwall, UK has published an initial estimate of mineral resources in five near surface deposits on the property. Using a tin equivalent economic cut-off of 0.30%, the inferred resource is estimated at approximately 1,331,000 tonnes of 0.44% tin, 1.08% copper and 0.66% zinc, this estimate conforming to the internationally recognised Canadian CIM reporting standards. However, the resource reporting did not take into account additional possible commodities present including indium, tungsten and silver. The technical report was carried out by Micromine UK and it recommends an ongoing exploration and development programme costing some UK£ 4 million.


LME lists new Indonesian tin brand    (18 Jul 2011)        

The London Metal Exchange has for the first time listed a brand from one of Indonesia’s 30 plus independent smelters as good delivery. Produced by PT Bukit Timah, the IMLI brand was approved effective from 22 June. PT Bukit Timah’s plant is located in Pangkal Pinang, Bangka Island. It is a wholly owned subsidiary of Indoprima Group, a holding company operating in non-ferrous metals and mining businesses, as well as the automotive industry. Indoprima Group also controls the lead producer PT Indra Eramulti Logam Industri (IMLI).

Hitherto, the only Indonesian brands listed on the LME are from integrated producers, PT Timah and PT Koba Tin.

PT Bukit Timah’s smelter is operating at a monthly average of 600-800 tonnes, depending on availability of tin ore and weather. The product is exported to Japan, Taiwan, Malaysia, Singapore, India, Pakistan, China, Netherlands, Spain and Australia. The company’s market in Europe is less than 10% of its total sales and they are planning to expand it to Spain, Netherlands, and Germany.


Peru base metals production low again in May    (15 Jul 2011)             

Latest official data published by Peru’s Ministry of Mines revealed that the country’s May production of copper, lead, zinc and tin declined compared to the same period in 2010, with tin showing the biggest decline. May output of tin-in-concentrate was only 2,189 tonnes, down 24.7% year-on-year. Cumulative tin production in the first five months of 2011 was 11,327 tonnes, down 25.9% on the same period of last year.

Minsur’s San Rafael mine in Puno province, Peru’s sole tin producer, had been operating at reduced capacity since last September, due to temporary restrictions on tailings disposal which have now been lifted. The mine returned to full production of some 3,000 tpm at the end of May. There has subsequently been some interruptions to ore shipments to the company’s smelter by protestors who are against some government policies who formed roadblocks along the route.


Korean partner for Timah's tin chemicals plant    (15 Jul 2011)          

Indonesia’s state-controlled tin company PT Timah and South Korean company H&H Global Resource Co Ltd have signed a memorandum of understanding to build a large tin chemicals plant on Bangka island. Timah has recently started up its first tin chemicals plant at Cilegon, Java and is investing further in in-house tin tetrachloride production to feed this operation.

According to a spokesman from PT Timah, they are now waiting for the results of a feasibility study which is expected to be completed in six months` time. After that, they will conduct a study on the development of industrial estate and products. The plant will take a year to be build after the feasibility study is completed. The company will market the tin chemical products locally and abroad.

Help this site to stay free & run by buying me a cup of coffee!mfBeer Joomla! Plugin