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.
The world’s leading tin miner, PT Timah has announced it may restrict refined tin production in an attempt to counteract falling prices. PT Timah’s production curbs are representative of a growing trend in Indonesia. Tin smelters across the nation are halting production.
Gippsland Ltd said the feasibility study for the Abu Dabbab tantalum project in Egypt has raised the capital expenditure estimate by US$48 million from the previous November 2007 forecast to US$173 million. For full story, click here
The Board of Republic Gold Limited said that the Company alongwith Staldor Mining Pty Limited have completed an aircore drilling programme at the Kangaroo Creek Joint Venture Project mining and exploration leases south-west of Chillagoe in Far North Queensland. For full story, click here For company’s website, click here
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