One investor seems to be buying up most of the tin traded on the LME. Sparking unease among traders, several questions are doing the rounds - are the prices being pushed up artificially? Why the big position? Who benefits?
Tin trade in Congo’s North and South Kivu provinces is under threat as a United Nations observer mission in Congo has intensified pressure on mineral purchasers to observe due diligence on minerals they procure. For full story, click here
Indonesia will start next week the trial of the head of the country’s second-biggest tin smelter over allegations that PT Koba Tin was involved in illegal mining in a protected forest. For full 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
Indonesia based PT Kobatin had been reportedly accepting illegal tin Bangka Belitung area. For more information, click here
Wednesday, October 14, 2009