Business Visits
Asian Metal visits tin mines in Burma
On January 19th, 2018, Yao Guangzhi, the market analyst from Asian Metal visited Shuntian Fuyang Company, Yuanhe Company and Jinhua Company in Burma with Wangyang from Guomao Qirun Asset Management Co., Ltd., Qiu Zuxue from Industrial Securities, Zhai Yuhang and Xia Yunlong from China AMC, Lai Zhengjian and Wang Wei from Chenxi Fund, Zou Lihu from UBC SDIC and Sun Zhaohui from Guotai Asset Management Co., Ltd.
Shuntian Fuyang Company is trying hard to find new supply sources of tin mines, but it has not found any new tin resources so far. The company basically has no output of raw ore now and there is few residual tin ore in its tin pools. There are more than 80% of local tin mines and dressing plants that have halted production.
The tin mines of Yuanhe Company have suspended production for a long time, with no tin ore output now. The output from open tin mines also declined sharply and dressing plants almost are under suspension now.
The tin ore grade from No. 55 hole of Jinhua Company declined sharply and the tailings stocks also reduced a lot. The No. 88 hole has been dug into about 2,000 meters, but still with no output of tin ore. In addition, as the grade of tin ore the company's dressing plant processes declines and the plant needs to generate power by itself, the beneficiation cost moved up a lot.
Tin pool and dressing plant in suspension of Shuntian Fuyang Company
Tin pool and dressing plant in suspension of Shuntian Fuyang Company
Tin holes being halted exploit and tin mines under exploit of Yuanhe Company
Tin holes being halted exploit and tin mines under exploit of Yuanhe Company
From left: Lai Zhengjian from Chenxi Fund, Yao Guangzhi from Asian Metal, Wangyang from Guomao Qirun Asset Management Co., Ltd., Wang Qiang from Menglian Zhongyu Mining, Zhai Yuhang from China AMC, Qiu Zuxue from Industrial Securities, Bao Shangyan from Wa State Yuanmu Mining, Zou Lihu from UBC SDIC and Xia Yunlong from China AMC.
