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 to learn 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

2 mins ago

Dragged Down by Broad Losses in Base Metals, Lead Prices Closed Lower Intraday [Lead Futures Brief Review]

2 mins ago

6 mins ago

Chilwee Group Reports Strong Sales of Sodium-Ion Batteries, Expands Production and Opens First Store

[Lead-Acid Battery Enterprise Updates] Chilwee Group recently disclosed that after the large-scale commissioning of its sodium-ion batteries, they have continued to sell strongly, with all orders for this year already locked in. Its two existing production lines have been operating at full capacity, and eight additional production lines have entered the installation and commissioning stage. At present, the company has 4.5 Gwh of sodium-ion battery capacity and opened its first directly operated sodium-ion battery store in 2025, attempting to directly encourage end-use consumers to replace the lead-acid or lithium batteries in some two-wheeler models with sodium-ion batteries.

6 mins ago

9 mins ago

Tianneng Holding Issues First Privately Placed Green Tech Innovation Bond in Interbank Market

[Lead-Acid Battery Enterprise Updates] At the beginning of the week, Tianneng Holding Group Co., Ltd., a subsidiary of Tianneng Power (00819.HK), successfully issued its first tranche of privately placed green technology innovation bonds for 2026. This bond is the first dual-labeled corporate bond for both “technology innovation” and “green finance” privately issued by a private enterprise in the interbank market nationwide, and it is also the first technology innovation bond issued by a private enterprise in the Huzhou area.

9 mins ago