Reuters reported refined tin production fell 21 percent at PT Timah’s plants to 30,000 tonnes as the company adjusted to new mining regulations.
As quoted in the market news:
Earlier reports revealed that the rules and raids on illegal mines had reduced Timah’s output to 30 percent of its earlier production levels.
Timah produced a total of 38,132 tonnes of refined tin in 2011, but in the first nine months of 2012 had only produced 23,255 tonnes of the metal used in electronic goods, 18 percent less than during the same period last year, the company said on Thursday.
Get the Top Stories on Resource Investing FREE!Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.