Timah fixes 2000 tin premium

Fri, 24 Dec 1999 | Source: DJ

SYDNEY (Dow Jones): Indonesia's integrated tin miner, PT Tambang Timah, has fixed its 2000 tin premiums between $50 and $60 a metric ton, in-warehouse Singapore.

The premiums are steady to about $5 higher from 1999, Idu Hutabarat, the company's investor relations manager, told Dow Jones Newswires Thursday.

Hutabarat said some 80 percent of the company's production have been sold under the annual contract arrangements, leaving 20 percent available for spot sales.

Timah produces more than 40,000 tons of tin annually.

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