Indonesia to restrict tin output if record price triggers mining rush

Indonesia, the world's top tin exporter, will restrict annual tin output at a maximum 100,000 tonnes if record high prices trigger a mining rush, two officials told Reuters on Friday.

The trade ministry will also revoke export permits from tin smelters which have not exported the metal or have been idle for years, the officials said.

A crackdown on illegal mining from 2006, tighter export regulations, declining onshore reserves and rainy weather hampering miners in Indonesia have helped drive tin prices to record highs. Source: Reuters