Indonesian Timah’s Refined H1 Tin Output Down 5%
Reuters reports Timah's (JAK:TINS) tin production fell five percent in the first half of this year.
Reuters reports Timah's (JAK:TINS) tin production fell five percent in the first half of this year.
Bloomberg reports the JCI rose 69.5 points, 1.8 percent, to 3,960.02, gaining for a fourth day.
Bloomberg reports some Indonesian companies had unusual moves today as the JCI rose 17.44 points.
Reuters Africa reports that Timah (JAK:TINS) expects a slight decline in sales this year, but revenue could rise on higher tin prices.
Itri.com reports that Timah, owned by the Indonesian state, has announced a drop in tin production
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.
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?
Indonesia’s PT Timah Tbk, the world’s leading integrated tin miner, declared that it may boost spot sales if tin prices climb to $18,000-$20,000 per tonne after a slip in sales earlier in 2009. For full story, click here
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 [...]
Indonesia’s PT Timah Tbk, the world’s largest integrated tin miner, declared that it expected to cut its refined tin output by as much as 8 percent this year to avoid depressing global prices further. For full story, click here
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