Indonesian Smelter Closes (Tin)-Shanghai Metals Market

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Indonesian Smelter Closes (Tin)

Industry News 02:12:38PM Jun 21, 2010 Source:SMM

BANGKA, Jun. 21 -- One of the larger independent tin smelters in Bangka island, Indonesia's main source of tin, has shut down because of financial difficulties, an industry official told Reuters. PT Donna Kembara Jaya, which closed down last week, exported 5,176 tonnes of refined tin in 2008, accounting for about 6% of Indonesia's total tin exports that year, according to data from Bangka's mining office. No recent data is available, but the company's production is known to have fallen considerably since then.

Johan Murod, director of the PT Bangka-Belitung Timah Sejahtera consortium which groups seven smelters including PT Donna Kembara Jaya, said the tin smelter had shut down because of financial problems. "Tin prices have been fluctuating in the past years and it is difficult for us to determine costs of buying tin ore from traditional miners. So the owner of the smelter has decided to shut the smelter for good" he said.

 

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Indonesian Smelter Closes (Tin)

Industry News 02:12:38PM Jun 21, 2010 Source:SMM

BANGKA, Jun. 21 -- One of the larger independent tin smelters in Bangka island, Indonesia's main source of tin, has shut down because of financial difficulties, an industry official told Reuters. PT Donna Kembara Jaya, which closed down last week, exported 5,176 tonnes of refined tin in 2008, accounting for about 6% of Indonesia's total tin exports that year, according to data from Bangka's mining office. No recent data is available, but the company's production is known to have fallen considerably since then.

Johan Murod, director of the PT Bangka-Belitung Timah Sejahtera consortium which groups seven smelters including PT Donna Kembara Jaya, said the tin smelter had shut down because of financial problems. "Tin prices have been fluctuating in the past years and it is difficult for us to determine costs of buying tin ore from traditional miners. So the owner of the smelter has decided to shut the smelter for good" he said.