Tin Miner in Australia Boosts Supply as Indonesia Cuts Sales
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Metals X Ltd., Australia’s largest tin mining company, is defying a two-year slump in prices with plans to increase output by about 14 percent.
The Renison mine, a joint venture in Tasmania, will produce about 8,000 metric tons of tin-in-concentrate this year from a little more than 7,000 tons in 2014 as it’s still profitable at these prices, Chief Executive Officer Peter Cook said. The company is looking to develop a nearby project which may provide a further 5,000 tons a year, he said in a phone interview.