Tin

Mines vs rainforest: Showdown looming in Tasmania

The Australian reports on a potential clash of visions in the Tasmanian rainforest, where 10 new mines are proposed and 58 exploration licences active.

CST Mining sells 70% stake in Peru copper mine for $505 million

CST Mining is selling its 70% stake in the Mina Justa copper project in Peru for US$505 million.

Tin Supplies Constrained in the Face of Solid Demand

When we think of tin, we tend to think of tin cans — of course, comparatively only a tiny amount of tin goes into the packaging industry nowadays.

Tin miners have success in the can

STAND by for a re-ranking of Australia's tin hopefuls. Peruvian mining giant Minsur recently put together a list of the world's top tin resources, China being No 1 with 60 per cent of the known tin.

Vale, Newmont Retain Appetite for Indonesia Mines Amid Stake Cut

Global companies led by Vale SA (VALE5) and Newmont Mining Corp. (NEM) plan to invest in Indonesia’s mines, undeterred by a new rule cutting foreign ownership, as they hunt for resources in the world’s biggest exporter of tin and thermal coal.

Indonesia's Rule No. 24 likely to embolden other nations to grab more from mining

Indonesia surprised the global mining community last week after a new rule – Government Regulation No. 24 of 2012 – was quietly announced on the mining ministry's website. A growing list of nations – and not just radical fringe territories such as Zimbabwe or Venezuela – are pushing for greater control and ownership of the resource sector on top of higher taxes and royalties.

Indonesia rule change rattles foreign mine owners

Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's top exporter of thermal coal and tin.

Death of DRC mining go-to guy will reshape country's resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

Eurometeaux gears up for EU carbon tax talks

The metals lobby group is gearing up to meet with the European commission at the end of January to persuade it to grant the sector full exemption from the indirect carbon costs embedded in electricity prices.

Tin Market to trade between US$20,800-US$21,000 this week

Dealers on the Kuala Lumpur tin market say the price of tin is likely to continue the strong performance that began last week with the bulk of demand coming from Europe

Look to Australia for new tin supply

Peter Kettle, manager of statistics and market studies at the International Tin Institute (ITI), had some interesting things to say about tin at the close of the Investing in Tin conference in London. As reported in Robin Bromby's column in The Australian, Kettle remarks that Australia could be the main source of new tin mine production in the next five years.

Minsur aims to quadruple tin output at Brazilian mine, CEO says

Bloomberg reported Minsur SA (LIN:MINSURI1) aims to quadruple production at the Pitinga mine in Brazil in four years.

London Metal Exchange could sell out

Bloomberg reports the London Metal Exchange which handles some 80% of global trade in industrial metals futures, told members it may get a takeover offer after multiple approaches from potential bidders.

The 134-year-old exchange is owned by the trading houses and banks like Barclays and JP Morgan that trade on the market which keeps fees low. Despite talk of an $1.2 billion offer as far back as 2008, it is unclear how receptive they would be to selling out after a senior executive of the exchange told Reuters in March it had no plans to change its independent status despite increasing competition, particularly in Asia.

Copper, Nickel, Tin Slump on European Debt, Global Growth Risk

Sept. 23 (Bloomberg) — Copper dropped to the lowest in more than a year while nickel and tin plunged as the deepening European debt crisis and threat of a U.S. recession spurred investor concerns that demand for raw materials will slow. Copper for

BNP Paribas makes cuts across the board for its outlook on base metal prices

Dow Jones, via Fox News, reports that BNP Paibas analysts are cutting their outlook for base metal prices.

Nigeria: Mining Sector to Generate Two Million Direct Jobs

Stakeholders in the mining sector said they are targeting to create about two million direct jobs for Nigerians from the sector.

Under the Progressive Miners Empowerment Association (PMEA), the miners said if about N200 billion is injected into the sector, it would be revived.

South Korea seeks 100 tonnes tin ingot for November arrival

Reuters reported that South Korea is seeking 100 tonnes of tin ingot via tender for November 11th 2011 arrival to the port of Incheon.

Indonesian Timah's refined H1 tin output down 5%

Refined tin production at Indonesia's Timah, the world's largest integrated tin miner, fell 5 percent in the first half of this year compared with a year ago, the state-owned company said on Thursday.

Tin miner Leviathan Minerals closes $5 million financing and acquisition

Leading tin miner Leviathan Minerals Group Incorporated, a Delaware corporation recently announced that it completed the acquisition of all outstanding stock of Top Yield Holdings Limited, a company organized in the British Virgin Islands.

Tin set to re-test record highs on China demand

Tin has underperformed other base metals, with a peak and trough of more than 35 per cent this year. Tin is likely to return to the record high it hit in April later this year, after being the laggard in the London Metal Exchange.

Indonesia to give tax holiday for investment over one-trillion rph

JAKARTA – Indonesia will provide a tax holiday for investors committing at least one-trillion rupiah ($117-million) into base metals, oil refining, petrochemicals, renewable energy, machinery or telecoms equipment, finance minister Agus Martowardojo said

Nickel, Tin Spurts On Global Cues

Business Standard reports that tin and nickel saw a sudden jump in prices today in India after steady trading in London.

Is your cell phone fueling civil war in Congo?

The Atlantic reports that the Dodd-Frank Act aims to end the trade of conflict metals, like tungsten, from the DRC.

Deserted UK tin mine transformed into 1.4MW solar power plant

An out of use tin mine in the south west of England is on its way to becoming a hotspot for renewable energy. Earlier today, more than 5,600 solar panels on the site were fired up by Solarcentury and UK-based solar developer Lightsource Renewable Energy.

Rwandan mines expected to boost tin exports amid record prices

Rutongo expects to double shipments to 200 metric tons a month by the end of 2012 from 100 tons currently, Michael Biryabarema, general director of the Rwanda Geology and Mines Authority said in a phone interview on June 28. The company, a joint venture between Rwanda’s government and Switzerland-based Ruddington Services AG, has increased exports from 3 tons a month three years ago, he said.