A police crackdown on illegal tin mining in Indonesia, including in Bangka-Belitung islands, has cut ore supplies. Analysts maintain the current crack down may not be as severe as the one in 2006, which halted tin production at small smelters for months, mainly because the government has tightened tin export rules. Moreover, PT Timah Tbk and PT Koba Tin, a unit of Malaysian Smelting Corp, were not affected by the crackdown.
Continue reading "Illegal Mining Hurts Tin"
Monday, February 9, 2009
China has been bailing out its struggling domestic smelters by stockpiling metals since December. Heralding the Chinese New Year, wherein most companies and projects run overtime during the Spring Festival in order to ensure annual production plan, several firms have decided to take the long road.
Continue reading "Tin firms tread the long road"
Tuesday, August 19, 2008
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.
Continue reading "THL expects to post profit"
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Wednesday, September 16, 2009