Tin has been rising for the past three years. A generally strong global economy has meant increased consumption of electrical goods of all kinds, of all kinds, and at least of third of tin is used in the solder that holds those electrical components together. For ful story, click here
Indonesia’s Energy and Mining Minister Purnomo Yusgiantoro said: Indonesian plans to tighten controls on illegal tin mining should help underpin prices by regulating supplies in the world’s second-biggest producer. For more information, click here
Avalon Ventures, a Canadian mineral exploration company, thinks there could be a sparkling future for the former East Kemptville tin mine site. For more information, click here For company’s website, click here
The price of tin gained more than 5% on reports that supply declines are expected from Indonesia, the world’s largest tin exporter and second-largest tin producer. World supply for 2008 is already down. The global tin supply deficit was predicted to reach 20,000 tonnes this year.
Encouraging results from Phase 1 and 2 drilling programs motivated Kasbah Resources to proceed ahead with plans to develop a prospective high-grade tin resource in Morocco’s Atlas Mountains. For more information, click here For company’s website, click here
Uis mine, which was closed in 90′s, is set to reopen again. In an interview with New Era, the Uis village secretary, Sebedius !Uiseb, noted: Plans to reopen the mine are at an advanced stage and prospective investors have already been identified. For more information, click here
Tin prices are expected to trade higher as supply-side issues from Indonesia are expected to support prices of the commodity. For more information, click here
Mineral traders in Congo are hoping to finalise a deal with the government next week to end conflict over export taxes that has stopped shipments of tin ore for the last one and half month. John Kanyoni, president of the Association of Exporters of Minerals in North Kivu, told Reuters” The government had accepted a proposal from traders [...]
The mining company Tongkah Harbor Plc (THL) expects to post a net profit this year after several years of weak returns on account of strong tin and gold prices. Gen Kittisak Rathprasert, a THL executive director, said: The rise in gold and tin prices had strongly benefited the company. Click here for more information.
The Department of Trade and Industry (DTI) in Philippines expects prices of canned goods to start declining in coming months due to to declining world prices of tin. DTI Undersecretary Zenaida Maglaya said: Tin prices rose in the past weeks due to high demand from China which increased its tin consumption as a result of constructions for the Beijing Olympics. [...]
Friday, August 29, 2008