LME Tin cash prices may average at $26 000 t in 2014: Barclays
Refined tin cash prices on London Metal Exchange (LME) may average at $26,000/t in 2014 due to enlarged deficit, stated London based Barclays in its recent market analysis. This effective tightening in...
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Bolivia’s Colquiri mine to restart operation after historic agreement
The rival groups of Bolivian miners fighting over control of the Andean silver, tin and zinc Colquiri mine, reached an agreement over the weekend that was qualified as “historic” by Government Minister...
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SEC sets date for long-awaited vote on ‘conflict minerals’ rules
The US Securities and Exchange Commission (SEC) will vote in August on controversial rules requiring extensive reporting from companies using ‘conflict minerals’ mined from the Democratic Republic of...
View ArticleIndonesia’s tin mining brings more problems than wealth: report
Tin mining is a profitable but damaging trade that has scarred the Indonesian island of Bangka, a granite outcrop just east of Sumatra, reports English newspaper The Guardian. Indonesia is currently...
View ArticleRival tin miners in Bolivia fight with dynamite
Violent clashes between vying factions of miners from Bolivia’s second largest tin mine have left one person dead and nine injured. Reuters reports that the miners from the Colquiri tin mine threw...
View ArticleThe toll from mining tin
BusinessWeek profiles the horrific conditions in Indonesian tin mines, where largely destitute miners extract ore with shovels and picks. Bangka Island and its sister island Belitungwhich produce...
View ArticleAsteroid mining to dominate the industry: experts
Profiting from the riches that asteroids, stars and unknown planets have to offer not only seems closer than ever, but experts think space mining will likely dominate the extractive industry in the...
View ArticleNo more queuing – LME embarks on warehouse review
The London Metal Exchange embarked on a formal review of its system of 600 warehouses around the world on Wednesday. Reuters reports LME’s warehousing operations “have been dogged by controversy since...
View ArticleSEC sets date for long-awaited vote on ‘conflict minerals’ rules
The US Securities and Exchange Commission (SEC) will vote in August on controversial rules requiring extensive reporting from companies using ‘conflict minerals’ mined from the Democratic Republic of...
View ArticleCongo to discuss mining code changes with companies
The Democratic Republic of Congo’s intentions to increase the government stake in mining projects by 35% will first be discussed with mining companies, the World Bank and the IMF, a source from the...
View ArticleWell that was quick: 6 months after seizure Colquiri’s output is DOWN 21%,...
In a speech traditionally given at the outset of the political year, Bolivian president Evo Morales gave some startling figures about the post-nationalization performance of the Colquiri mine reports...
View ArticleIndonesia refined tin exports jump 35% in February
Exports of refined Tin from Indonesia jumped 35% Year-on-Year in February, as per the latest official data. Indonesia is the largest tin exporter in the world. February exports were recorded at...
View ArticleIndonesia’s Feb refined tin exports up 35 pct y/y
Refined tin shipments from Indonesia, the world’s top exporter, rose 35 percent in February to 8,324.73 tonnes from 6,181.42 tonnes a year earlier, a trade ministry official said on Monday. Indonesian...
View ArticleTin prices may consolidate in the near term on soft Chinese imports
Tin has experienced a very strong start to 2012, with prices rising just over 30% year-to-date. While the solid improvement in global growth expectations has played a key part in this rally, also...
View ArticleTin exports from Indonesia may decline in the first quarter
Refined-tin shipments from Indonesia, the world’s largest exporter, may decline in the first quarter to the lowest level in two years as monsoon rains disrupt mining, according to a Bloomberg News...
View ArticleChina raised the resources tax on six minerals, including iron ore, tin and...
China raised the resources tax on six minerals, including iron ore, tin and molybdenum, to help conserve reserves in the world’s second-biggest economy. The tax on iron ore production was raised to 80...
View ArticleNew plant to boost Timah’s tin output
State-controlled tin miner Timah forecast its tin production to increase by as much as 6 percent this year due to the operation of the company’s production plant. Tin production is forecast to increase...
View ArticleTin prices set to consolidate, story still bullish: Barclays
Tin prices may be in for some consolidation after a 30% rise this year to the highest levels since August. The fundamentals offer a broadly bullish story for 2012 with supply deficits in six of seven...
View ArticleCopper, tin versus nickel in 2012: BNP Paribas
According to BNP Paribas, a negative bias toward Nickel relative to other base metals and nickel to move into a structural surplus this year after the market was essentially balanced in 2011. While...
View ArticleIndonesia plans to start trading a physical tin contract today
An exchange in Indonesia, the world’s largest tin exporter, plans to start trading a physical contract today to try to create an alternative to the benchmark on the London Metal Exchange after twice...
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