Stellar is a tin exploration and development company. Its flagship project, Heemskirk Tin, is the highest grade undeveloped tin deposit in Australia and has excellent potential for resource expansion.
Located near the historic mining town of Zeehan in northwest Tasmania, Heemskirk benefits from ready access to transport infrastructure, power and water.
Stellar‘s objective is to establish Heemskirk as Australia’s second largest tin producer by 2016.
Bloomberg news has reported a global shortfall of ore supplies, while ore supplies from Myanmar to Chinese smelters have increased. The deficit has been reported to drop to 7,000mt this year from the estimate of 10,800mt last year. However Myanmar ore output has grown from 20,000mt in 2013 to 25,000mt in 2014, reports ITRI China… Read more
Bloomberg reported that trade on the Indonesia Commodity and Derivatives Exchange (ICDX) was weak due to the country’s tin producers holding out for sales above the benchmark spot rate in London to try to counter a decline in prices. Citing almost a USD$400 premium, smelter members on the ICDX were offering prices between USD$500 –… Read more
Andy Home from Reuters, reported on a couple of “official corrections” which has led to key figures within the tin industry conceding that the forecast tin deficit is unlikely to appear this year. According to Peter Kettle, market manager for industry body ITRI, the reason for the disappearance of the predicted deficit come in two… Read more