Malaysia’s tin sector can thrive again
Apr 25, 2012 | 02:45 AM
Malaysia’s tin mining sector can thrive again now that tin prices have stabilised above $20,000 per tonne, Dato Haji Musa Bin Haji Nordin, executive chairman of tin miner Kuari Batu Emas, told Metal Bulletin.
Kuari Batu Emas produces 2,000-2,200 tpy of tin that it sells entirely to Malaysian Smelting Corp, the world’s second-largest tin company.
“In the 1970s, Malaysia was the largest tin producer in the world. But in the 1980s, tin prices collapsed, resulting in people quickly abandoning the sector. So it was not because tin resources were running out” Musa told MB at the ITRI International Tin Conference in Cape Town.
“There are still rich tin resources yet to be exploited in Malaysia. Given the tin prices above $20,000 today, we can see people are looking into developing these tin mines again,” he added.
If tin prices can continue to rise to....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.