December 04, 2008

Singapore Tin gets OK for exports of its first shipment

Platts reported that Singapore Tin Industries wholly owned tin smelting plant PT Bangka Global Mandiri International, on Bangka Island in Indonesia is scheduled to make its first shipment of tin in December 2007. Singapore Tin Industries has been issued the approval to export on November 20th 2007 by the Indonesian central government.

Singapore Tin in a statement said that “Construction of the plant was completed in September and it started production in October. Although the plant has a capacity of 18,000 tonne per year we are planning to produce 1,000 metric tonne per months.”

Meanwhile, Singapore Tin Industry’s plant in Singapore has been producing at 1,000 tonne per month since October. It added that "From January to September, we were producing at about 300 metric tonne per year due to the lack of raw material."

STI has reduced its target for 2007 to 6,000 tonnes down from its initial target of 18,000 tonnes. The company has two production lines, with capacity 18,000 metric tonne per year each.

Official of Singapore Tin said that meanwhile, the construction of the 36,000 metric tonne per year integrated tin mining, smelting, refining and products operation on Bangka island in Indonesia remains in progress. This project is owned by PT Indo Yunnan Mineral Utama, which is a joint venture between STI and Yunnan Tin. The company will focus on lead, tin, nickel and copper exploration and mining. All the concentrate mined, except for tin, will be sent to Yunnan Tin for processing. Tin will be processed at PT BGMI.

Singapore Tin is jointly owned by China's Yunnan Tin and Singapore's KJP International. Its tin grade is 99.90% and can go up to 99.99%.