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Latest News

  • Future of China's tin export duty uncertain

    by: Tom Mulqueen, on Friday, 13 January 2017

    China's 10% duty levied on refined tin exports has not been referenced in the country's recently released 2017 Exports Commodities Tax Rates Table, leading many experts to conclude that the duty has been scrapped altogether, although no official announcement has yet been made to this effect.

    ITRI China has contacted a number of companies, including brokers, producers and other experts, in an attempt to verify the cancellation of the duty. Whilst most believe it has been scrapped, no one...

  • Vinto output rises in 2016

    by: Tom Mulqueen, on Thursday, 12 January 2017

    Bolivia's state-owned tin smelter, Empresa Metal├║rgica Vinto (EMV), has reported increased refined production of 13,111t during 2016, up 8.3% compared to the previous year, according to local news sources.

    The figure was reported by EMV's CEO, Ramiro Villavicencio. Last year was the first to see full operation of the company's Ausmelt furnace, which was commissioned in September 2015, hence an increase in output was expected. However, the reported increase has fallen short of the official target of 14,000...

  • Indonesian tin exports rise in December

    by: Tom Mulqueen, on Friday, 06 January 2017

    Indonesian tin exports in December amounted to 6,051 tonnes, some 24% high than in the previous month, according to preliminary figures released by the trade ministry today. Reported figures for 2016 totalled 63,559 tonnes, down by 9.4% compared to the previous year.

    The latest figures are based on pre-shipment checks made by surveying companies and include 26 tonnes of tin solder, as well as refined metal ingots. They are consistent with the December trading volume on the ICDX, through...

  • China tin ore imports up, metal imports down in November

    by: Peter Kettle, on Friday, 23 December 2016

    Latest China customs data shows a continuing rise in tin ore and concentrate imports but a drop in refined tin imports last month. The gross weight of ore and concentrate imports in November was 44,533 tonnes (estimated 5,300t contained tin), up by 17% compared to November 2015, while refined metal imports fell by 36% year-on-year to 8,396 tonnes.

    The flow of raw materials continues to be dominated by border trade with Myanmar's Wa county, which accounted for 99.7% of...

  • Bushveld to acquire minority stake in Uis project

    by: Tom Mulqueen, on Tuesday, 20 December 2016

    London-listed Bushveld Minerals Ltd. has announced its intention to purchase a 49% share in Dawnmin Africa Investments Ltd., which holds an 85% stake in the Uis Tin Project in the Erongo region of Namibia.

    The purchase will be undertaken through Bushveld's subsidiary, Greenhill Resources. The project consists of three tenements, but the primary focus is to redevelop the large, open pit, hard rock, Uis tin mine, which closed in 1990 following 39 years of industrial large-scale mining. Historical exploration...

  • Kasbah deal falls through

    by: Peter Kettle, on Tuesday, 13 December 2016

    The planned acquisition of Kasbah Resources, 75% owners of the Achmmach tin project in Morocco, by Asian Mineral Resources (AMR) has failed.

    The Federal Court of Australia yesterday dismissed Kasbah's application for approval of the deal, and ordered that it paid the costs of rebel shareholders who had opposed it. Kasbah's shareholder list includes the World Bank (IFC), African Lion Group, Thaisarco and Traxys and the acquisition had initially been approved by a 92% majority. However the accounting firm...

  • Kamativi redevelopment hopes rise

    by: Tom Mulqueen, on Wednesday, 07 December 2016

    Chinese investor, Beijing Pinchang Investments, has settled a dispute with the Zimbabwe Mining Development Corporation (ZMDC) and is set to take a 49% ownership stake in the defunct Kamativi tin mine in Zimbabwe's Matabeleland north province in return for contributing over $US100 million for the redevelopment of the mine.

    It was reported in October this year that the deal had collapsed after the ZMBC expressed dissatisfaction with the Chinese investor. Local news sources reported comments from Zimbabwean minister, Walter...