Timah says refined tin sales drop 18 pct in 2010

Indonesia's state-owned PT Timah , the world's largest integrated tin miner, said on Monday that its refined tin sales in 2010 fell 18 percent to 40,302 tonnes.


Timah in December forecast 2010 production at 40,000 tonnes, down from an earlier projection of 45-50,000 tonnes after heavy rains hampered mining. It sold 49,240 tonnes of refined tin in 2009.

Tin prices have tracked copper to fresh record highs this month, supported by supply shortages from top producer Indonesia. Source: Reuters