Tin production from Minsur Pitinga mine fell in Q3

Published: Nov 19, 2015 15:53

Save

Peru-based Minsur has reported mixed production results from its Brazilian operations during the third quarter of the current year.

By Paul Ploumis (ScrapMonster Author)
November 19, 2015 03:01:45 AM
Peru-based Minsur has reported mixed production results from its Brazilian operations during the third quarter of the current yearTin production from Minsur’s Pitinga mine fell in Q3
SAO PAULO (Scrap Monster): Peru-based Minsur has reported mixed production results from its Brazilian operations during the third quarter of the current year. While the production at the Pitinga mine reported decline, the tin output from the company’s Pirapora smelter rose considerably. This was announced while declaring the consolidated Q3 results.

According to Minsur, its Brazilian subsidiary Taboca registered significant decline in tin production from Pitinga mine. The output fell by nearly 21% over the previous year to 1,173 tonnes during Q3 2015. The mine output had totaled 1,485 tonnes during the corresponding quarter last year. The company had initially planned to boost its output from Pitinga mine. However, discovery of water leaks at the dam feeding the mine’s hydroelectric plant led to a series of production halts, thereby affecting output. The cash cost of treated ore at the mine declined by nearly 2% over the previous year to $20.5 per tonne during Q3. Meantime, the cumulative mine output during initial nine months of the year were up by 8% to 4,430 tonnes.

The processed tin output from Pirapora smelter increased during the quarter, thereby balancing the decline in Pitinga mine output. The refined tin production from the smelter rose by 7% in Q3 this year, when compared with the corresponding quarter last year.

Minsur has reiterated its refined tin production targets from Brazilian operations at 5,000-6,000 tonnes for the whole year 2015. The targets remain unchanged despite the energy issues, stated the company. Minsur expects to ramp up production during November and December this year. The company plans to increase the capacity of the crushing and concentration plant by 40% and double the production capacities at the Niobium Tantalum plant. It also intends to increase refined tin production capacity at Pirapora smelter by at least 1,000 tonnes.

Meantime, the consolidated tin production by the company, inclusive of Peruvian operations, totaled 5,628 tonnes.

tin production

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

SHFE lead closes up 0.31%, staying high in consolidation [Lead Futures Brief Comment]

3 hours ago

4 hours ago

Data: SHFE, DCE market movement (Sep 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Sep , 2026

4 hours ago

7 hours ago

Chengtun Mining: Subsidiary Plans to Acquire 65% Equity in Tibet Haiteng Industrial for 709 Million Yuan

Chengtun Mining announced in an evening filing that its subsidiary Sichuan Shengfengyuan Mining Co., Ltd. plans to acquire 65% equity in Tibet Haiteng Industrial Co., Ltd. (hereinafter referred to as "Tibet Haiteng Industrial") held by Liu Zongjun for 708.5 million yuan. Upon completion of the transaction, Tibet Haiteng Industrial will become a controlled subsidiary of the company and be included in the company's consolidated financial statements. According to the announcement, Tibet Haiteng Industrial holds the exploration right for the "Bagala (East) Lead-Zinc Mine Exploration in Mozhugongka County and Linzhou County, Lhasa, Tibet." The right was first established in 2003 and has undergone multiple renewals and changes. The new license was issued on August 28, 2026, with a validity period from July 28, 2026 to July 27, 2031, covering an exploration area of 42.0668 square kilometers. According to the exploration report issued by the Northwest Geological Exploration Institute of China Metallurgical Geology Bureau on September 30, 2025, in addition to lead and zinc resources, the identified silver metal content has reached the standard for a large-scale silver mine in China. The company stated: The silver metal content of the silver-lead-zinc mine to be acquired has reached the scale of a large deposit, while lead and zinc are both medium-sized deposits. The grades of silver, lead, and zinc are moderate, and the ore quality is relatively good. Upon completion of the acquisition, the company's resource ownership of silver, lead, zinc, and other metals will be effectively increased, further optimizing the company's mineral resource portfolio, expanding future development space, and enhancing core competitiveness and risk resilience. The acquisition aligns with the company's long-term development strategy, is conducive to consolidating the company's comprehensive competitive strength in the non-ferrous metals mining sector, and serves the long-term and overall interests of the company and all shareholders.

7 hours ago