Timah Delays Plan to Resume Indonesia Tin Shipments Until Price Recovers
Bloomberg reported PT Timah (JAK:TINS) will delay a plan to resume shipments until prices recover as the company negotiates with contractual buyers.
Bloomberg reported PT Timah (JAK:TINS) will delay a plan to resume shipments until prices recover as the company negotiates with contractual buyers.
Bloomberg reported PT Timah (JAK:TINS) will resume exports after prices rebounded, withdrawing from a nationwide ban.
Bloomberg reports that Timah (JAK:TINS) says worldwide consumption of tin will increase two percent this year.
Reuters reports Timah's (JAK:TINS) tin production fell five percent in the first half of this year.
Reuters Africa reports that Timah (JAK:TINS) expects a slight decline in sales this year, but revenue could rise on higher tin prices.
Live Trading News reports that PT Timah Tbk, (PINK:PTTMF,JAK:TINS) is a strong buy.
Reuters Africa reports PT Timah (JAK:TINS) estimated its refined tin production this year at between 37,000 and 40,000 tonnes, up to eight percent down on last year.
Reuters Africa reports that Indonesia's state-owned PT Timah (JAK:TINS), the world's largest integrated tin miner expects 2011 tin prices to be between $25,000-$30,000 a tonne.
An increase in shipments of Indonesian refined tin exports reported in April was partially the result of a return to more favorable weather conditions from the first three months of this year.
PT Timah declared that it may produce less tin than forecast this year if prices stay low. Mr Abrun Abubakar corporate secretary of PT Timah stated: We may produce within a range of 45,000 to 49,000 tonnes in 2009, reiterating an earlier forecast. Still, if prices remain low, we may cut production further. For full [...]
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