Exempted from the country's ban on raw mineral exports, Freeport Indonesia was granted an export license on July 24 for 1.7 million metric tons of copper concentrate, the company said in a US SEC filing on Thursday.

Indonesia in June banned outbound shipments of raw minerals to attract investment into its metals processing industry and boost revenue, but said it would allow several companies including Freeport to continue exporting until mid-2024 to give them time to finish building smelters.

But the government imposed new duties on products shipped by these companies, which Freeport Indonesia might contest, according to the filing.


It said that under Freeport Indonesia's 2018 special mining license, no duties are required after its smelter is at least half-complete.

A finance ministry regulation issued last month stated that exports of copper concentrate would continue to incur duties at 5% to 10% rates, even if companies' smelter construction was beyond 50%. - Reuters

washed few round already, time to fly

Myanmar banned already. How about Indonesia ?

Tin price will stay above 28000 for very long times. MSC profit will always break 140 m / year. EPS minimum 0.333.
P/E 10 = 3.33

In a resolute move, the Wa State Government has firmly enforced the suspension of all mining activities, according to the “Wa Jing Zi No. 2023-06” notice issued by the Central Economic Commission on April 15 and the subsequent “Notice on the Implementation of ‘Suspension of All Mineral Resources Exploitation'” on May 20. Effective from August 1, 2023, all mines and processing plants, regardless of size, have ceased production. The majority of local workers have been temporarily dismissed, and ore transport vehicles are prohibited from operation to prevent any raw ore transportation. A working group will enforce the suspension with mine inspections.

Top leaders of Wa State convened to discuss the mining ban although no formal statement has yet been released.

Currently, it is reported that the Wa State government has approximately two million physical tons of mined raw ore stocks, with an estimated benefication potential of 5,000-6,000 metal tons of tin concentrate. However, due to the shutdown of the dressing plant, benefication and sales of concentrate products have been halted. Additionally, around 1,500 metal tons of tin ore are awaiting clearance at the Meng’a Port, potentially leading to a period of stagnation in exports after August 10.

The market’s previous expectations of one to three months for the suspension now seem overly optimistic, as the Wa State Government is clearly committed to policy enforcement. An expectation that processing of stockpiles could still go ahead appears to have been quashed by the ban on ore transport. Reopening of mines may also now take longer.

July exports from Wa State were significantly up as local traders cashed in inventories ahead of the ban. Until Wa State resumes normal production, China smelting raw material supply is expected to gradually decrease, making it challenging to return to the production levels experienced in the first half of this year.

CIMB willing to buy back CW at high premium . this CI expired date 30/8. this happen when MM afraid of limit up could take place before the expired date.

The high cash premium has drawn in metal at multiple LME warehouse locations.

Deliveries have been concentrated at Malaysia's Port Klang and Singapore, but tin has also been warranted in Rotterdam, Antwerp, the Italian ports of Genoa and Trieste, the Spanish port of Bilbao and the U.S.

guess who busy delivery physical tin in port klang and make huge profits?

Myanmar Wa region department , or The Ministry of Finance and the Bureau of Industry and Mining does not made any announcement yet. LME Tin price hover around 27800 awaiting news to find direction

good closing ,next 1.3

Hot money from Nasdaq is one the way to BURSA. just hold and enjoy the show

every usd 2000/mt changes will affect MSC earning by 10%/year.

Strong ESG integration in producing greener tin. MSC is well-placed to reap the positive
spillover effect of structural demand for environmentally-friendly commodities. MSC is
doubling its efforts to integrate ESG practices across its businesses, especially through the
new plant. The plant uses 1.26MWp solar PV panels and a waste heat recovery function that
will harness thermal energy from the furnace’s flue gas to generate power. The use of
natural gas and the new TSL furnace will help raise efficiency and reduce carbon emissions
by at least 1,000mt/year, which means MSC’s smelter will have one of the lowest carbon
footprints globally. Its RHT mine is the only tin mine in Malaysia that operates using two of its
own mini hydropower stations. These practices could result in MSC becoming the preferred
ESG investing target, besides benefitting from growing demand for eco-friendly tin products

selling pressure from contra player getting less.

If break 118 , confirm big uptrend

some insider buy before the QR ?

agree with hng33 and kebling, the inventory have cushion for the supply disruption, Tin price might not spike at this moment , but 28000 good enough to send MSC to above 3.50. The future is Tech, Tech need more and more Tin

5. A smooth demobilisation process for mine workers, inclusive of water and electricity safety provisions, is stipulated.

this request show the suspension could take few months

The Ministry of Finance and the Bureau of Industry and Mining, in accordance with “Wa Jing Zi No. 2023-06”, detailed the upcoming changes:

1. All mines within the mining area of Wa must gear up for the cessation of production from August 1. Preservation of existing facilities and infrastructures is mandated, with stringent penalties for intentional destruction or safety violations.

2. The state’s mines, open-pit mining areas, and concentrators are to enhance safety measures in slag piles, tailings, roads, and rivers prior to the rainy season to prevent safety hazards related to the mining halt.

3. Pumping operations will be permitted to avert mine collapse and minor damages, but any form of exploration or mining will remain prohibited.

4. Mining companies are instructed to collaborate with the Bureau of Industry and Mining’s Man Maw Inspection Section to settle wage disputes and trade debts for mining workers, precluding potential large-scale safety incidents.

5. A smooth demobilisation process for mine workers, inclusive of water and electricity safety provisions, is stipulated.

The unyielding stance exhibited by the Wa State government in its latest correspondence to mining firms demonstrates its serious intent to proceed with the mining suspension. It is positioned as a strong message to the mining sector about the government’s unwavering commitment to promote sustainable mining practices, protect the environment, and safeguard the welfare of mine workers. Companies failing to adhere to these guidelines risk facing severe economic and criminal repercussions.


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always remember, Msc fair price is 3.13 for Tin 24500 , but now above 28000 for sometimes already. Not like glove , no one can simply build a tin mining business. it is limited , non-renewable resources.

soon will have PT , is Friday, hope can close above 2.28 , than next week 2.4 /2.8 is promising

https://www.bnamericas.com/en/news/perus-corani-romina-mine-projects-postponed-to-2024

Activists plan demonstrations across Peru July 27-29 to denounce Boluarte government. Heightened security likely.

must break 2.28 to move higher

some bet on myanmar ban on August
some bet myanmar will not ban
some wait and see
If August 1 , No ban , the first one will sell, the third one will collect >>> back to 1.9-2.0?
If Myanmar ban, all panic buy>>> limit up? 3++

Tin 29750#

tin is heading to 30000

someone draw a sell signal , guess later many will sell down for that artist

Good analyst
8dragon

Come back end of the year, I'm pretty sure the share price still stay @ 2.0-2.2 level..

8dragon

@ 2.22 considered over value for this stock....

https://www.thehindu.com/news/international/peru-police-clash-with-protesters-demanding-president-step-down/article67113633.ece

close gap is for sure

https://www.youtube.com/watch?v=07e2oQDAVsY

next week should rebound to 1.6

follow uem ,to the moon

yah, especially those know nothing about Myanmar, Indo and Peru

Peruvian protesters on Wednesday reignited protests demanding early elections and the resignation of President Dina Boluarte, months after more than 60 people died in similar mobilizations.

Why it matters: This time around, the protests were called for and coordinated by mine workers and unions, who've threatened a work stoppage to exert pressure. Mining is a major contributor to the economy of Peru, the world's second largest producer of copper.

good closing, next155

https://www.tradingview.com/chart/mgDGRZGu/?symbol=TWSE%3A3305

Taiwan Tin stocks that always same patterns as MSC , today up another 10%

Buy Q 500 sell Q 6000. keep reject weak hands.
19 July Peru protest , 1 August Myanmar ban ex, dollar fall, last rate hike, perfect storm for tin to the moon

tin price is inversely correlation to USD index. Recovery of Tech increase tin demand. Myanmar ban tin export on August. Indonesia may ban tin export at any time. Msc will shut down Prai factory. Msc had increase mining output about 67%. Fair value for msc is 3.13 if Tin price 24650. Any surplus from 24650 is purely extra profits.
Higher volume X higher ASP = ?

Nickel exports were banned in January 2022 and bauxite shipments followed on June 10. Tin and copper bans are scheduled to come next.

sell Q 5000 Vs buy Q 500 , retailers dare to buy?

Yah , after this CPI , Many superrich ppl will transfer their money back from oversea. No more high interest no more USD advantages , RM will rise. They will change their USD to MYR and buy cheap klse stocks. State election is the last block for them.

Take the height of triangle starting August 5 2022 , msc should reach 3.5.

Cash flow hedge – net fair value gain/(loss) on
derivatives used for hedging (net of tax) 450 m if realized in Q2 , Q2 PAT should be very juicy.

is all about ASP , 2020 Glove 2021 steel , 2022 Refined oil and Tin , 2023 , Tin again
If you have missed Topglove, supermax, Hengyuan , petronm , masteel ,
still want missed msc?

Buy Q 600 , sell Q 3600 , really hard to make a buy , maybe wait for a cheaper entry?

https://www.nst.com.my/business/2023/07/929890/kl-singapore-high-speed-rail-project-revival-soon

time to rebound

warming up , going to explode?

take over MRCB! next tp 0.4

bullish

msc vs dialog, which one reach 2.4 first?

msc vs dialog, which one reach 2.4 first?