Russia: raw tin imports down in January 2020

In January, Russia imported 61.9 tons of raw tin, down by 44% MoM and by 26% YoY. Price remained unchanged – $18.4 per kg. Deliveries from Belgium grew 2-fold, to 40 tons, while from Bolivia dropped 2-fold, to 20.5 tons. Malaysia and Peru stopped supplying tin to Russia. In 2019, imports totaled 1.2 thousand tons,…

Russia: Pravourminskoye slips to losses in 2019

In 2019, Pravourminskoye LLC, developing the tin deposit of the same name, received 82.9 million rubles of net losses as opposed to a net profit of 60.4 million rubles in 2018. The company produced 2146.8 tons of tin concentrate and sold 2183.3 tons. Sales revenue grew by 22.7%, to 1.405 billion rubles. Sales profit decreased…


Kazakhstan: NKR to build mining complex

Governor of the North Kazakhstan region Kumar Aksakalov noted that overburden works started on the Syrymbet tin deposit. It is the first subsoil user in the region. The record amount of investments, some KZT 100 billion was channeled to the project. Construction of the mining complex will start next year. It will create 600 new…