Indonesia’s Timah lifts force majeure on tin shipments – official
JAKARTA – Indonesia’s top tin exporter PT Timah has lifted a force majeure on shipments declared on August 30, an official at the state-owned firm said on Monday, as conditions improved after the government introduced a rule forcing domestic producers to trade on a local exchange.
Timah, which cited customers who had not registered to trade tin on the approved domestic exchange as the reason for the force majeure, expects sales of about 24 500 t/y, and rising to 25 000 t 30 000 t in 2014.
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