Asian Metal visits companies of Burmese tin ore

From 14 to 19 April of 2017, tin market analyst of Asian Metal, Mandy Gan, visited Burmese Wa Log Mining Co., Ltd., Rongling Mining, Jinhua Mining, Menglian Zhongyu, etc.

In the evening of 14 April, Mandy Gan arrived at Meng’a Port of Menglian and visited Gejiu Zifu Industrial Co., Ltd.’s office in Meng’a Port, exchanging opinions with He Jiansong, general manager of the company. Mr. He noted that it was difficult to source Burmese tin ore for the moment and the declining grade of tin ore had given rise to decrease in outputs.

In the morning of 15 April, Mandy Gan visited Zhou Yanzhao, general manager of Menglian Hengyuan Trading Co., Ltd. Mr. Zhou stated that the tin market risk increased day by day with prices fluctuating violently. Moreover, the tin market deviated the fundamental base affected by the financial speculation for the moment. Therefore, market players should be cautious about market participation.

Then, Mandy Gan visited Burmese Wa Log Mining Co., Ltd. and had a talk with Bao Yan, general manager of the company. Mr. Bao mentioned that as the grade of Burmese ore have decreased to 2-3%, they plan to set up flotation facilities; thus, they can achieve the recovery rate of 85% for tin ore 2%min.

In the afternoon, Mandy Gan visited the Wa office of Hebei Shengfeng Group Co., Ltd. and communicated with the general manager, Wang Shi’en, who claimed that the development of the Burmese ore market is not right, including the exploitation and sales. They are out of production now due to the supply shortage of tin ore and have yet to determine the resumption date. Mr. Wang revealed the intention to attend the International Tin ore Industry Summit Forum held in Zhangjiajie, Hunan in June 2017.

In the morning of 16 April, Mandy Gan went to the Wa Manxiang Mine and visited No. 58, No. 17 mine and the dressing plant, watching the process and technique of Burmese tin ore. Mandy Gan had a nice talk with Li Daoping, principal of the dressing plant.

In the morning of 17 April, Mandy Gan went to the Wa Huanshi Mining Co., Ltd. to visited the general manager, Wu Yong. Mr. Wu mentioned that their monthly exports of tin concentrate were 2,000-3,000 metal tons but they saw that decrease as a result of the slipping grade.

Soon afterwards, Mandy Gan visited the general manager of Menglian Zhongyu Mining Co., Ltd., Wang Qiang. Mr. Wang revealed that the reserve of Burmese tin ore 2-3% are on the decline; and the higher grade tin ore could only be used for two or three months if no new ore is discovered.

In the afternoon, Mandy Gan had a conversation with Hu Xiao, general manager of Gejiu Hongyun Industrial and Trading Co., Ltd. Mr. Hu noted that they just began to take participate in the Burmese tin ore market early this year and encountered fierce competition. Mandy Gan sincerely invited Mr. Hu to attend the tin ore meeting held in June and Mr. Hu agreed to squeeze time for that.

On 18 April, Mandy Gan visited Meng’a Port office of Qunfa Mineral Commercial and Trading Co., Ltd and talked about the market with the general manager, Zhang Huanqun, meanwhile shared the market condition with Ms. Zhang Mei and Mr. Yin Shiwei, principals of the dressing plant.

Then, Mandy Gan met Li Jinru, general manager of Hunan Jinyi Mining Co., Ltd. and had launch with him. Mr. Li stated that the Burmese tin ore market witnessed fierce competition although the degree and reserve of the material both reduced, adding that the key to success for market participants is to increase the recovery rate of dressing plants.

In the afternoon, Mandy Gan visited Guo Li, the general manager of Menglian Tengfa Commercial and Trading Co., Ltd. Mr. Guo mentioned that they exported about only 500 metal tons of tin concentrate per month on average in the first half of the year due to the low operating rate of the dressing plant at Manxing Mine. But the monthly exports will increase to 1,000 metal tons in the later half year after the wet season.

Mandy Gan also visited Yunnan Logistics, Menglian Rongshengxiang Trading Co., Ltd. and met Deng Hui, market director of Hunan Lianyang Mining Co., Ltd.; Ms. Cui Lin, member of international tin association and Zhang Jingbo, general manager of Anhui Ma’anshan Weitai Tin Co., Ltd. in Wo, together discussed the tin market.