Yunnan Tengyang Mining not to resume tin concentrate production in 2019
2019-11-08 14:56:40 [Print]
BEIJING (Asian Metal) 8 Nov 19 - Due to local environmental protection, Yunnan Tengyang Mining Co., Ltd., one of major tin concentrate producers in Baoshan, Yunnan, doesn't expect to resume tin concentrate production in 2019, a source from the company disclosed to Asian Metal.
"Baoshan government is improving mines now and doesn't approve explosives, so we expect to resume tin concentrate production after the Spring Festival at the earliest," the source said, adding that the local government is also working on the ecological protection red lines. Some local mining companies fail to renew mining license at the moment and all local mines will be out of production before the Spring Festival.
The company mines tin raw ore with grade of about 0.5% from its own mine and produces tin concentrate 40%min in its dressing plant, which has a daily handling capacity of 500t. It halted production for prospecting after this New Year's Day as the grade of raw ore decreased to about 0.2% and found a new source within the previous mining area in June, the dry season in Yunnan. Then the local government improved mines. As a result, it has been out of production by now. It totally produced about 200 metal tons of tin concentrate 40%min in 2018 and produced about 25 metal tons every month before production suspension. It mainly sells its product to Gejiu-based smelters and holds no stock for the moment.
This Thursday, mainstream prices for tin concentrate 40%min were RMB124,500-125,500/metal ton (USD17,845-17,989/metal ton) in Gejiu, up by RMB500/metal ton (USD71.67/metal ton) from Wednesday.
"Baoshan government is improving mines now and doesn't approve explosives, so we expect to resume tin concentrate production after the Spring Festival at the earliest," the source said, adding that the local government is also working on the ecological protection red lines. Some local mining companies fail to renew mining license at the moment and all local mines will be out of production before the Spring Festival.
The company mines tin raw ore with grade of about 0.5% from its own mine and produces tin concentrate 40%min in its dressing plant, which has a daily handling capacity of 500t. It halted production for prospecting after this New Year's Day as the grade of raw ore decreased to about 0.2% and found a new source within the previous mining area in June, the dry season in Yunnan. Then the local government improved mines. As a result, it has been out of production by now. It totally produced about 200 metal tons of tin concentrate 40%min in 2018 and produced about 25 metal tons every month before production suspension. It mainly sells its product to Gejiu-based smelters and holds no stock for the moment.
This Thursday, mainstream prices for tin concentrate 40%min were RMB124,500-125,500/metal ton (USD17,845-17,989/metal ton) in Gejiu, up by RMB500/metal ton (USD71.67/metal ton) from Wednesday.
Tin Ingot 99.95%min EXW China
Unit:RMB/mt
China tin ingot producers' inventory statistics by province by month
Unit: mt
