Metals X , Australia’s largest tin mining company, is defying a two-year slump in prices with plans to increase output by about 14 per cent.
The Renison mine, a joint venture in Tasmania, will produce about 8000 metric tonnes of tin-in-concentrate this year from a little more than 7000 tonnes in 2014 as it’s still profitable at these prices, chief executive officer Peter Cook said. The company is looking to develop a nearby project which may provide a further 5000 tonnes a year, he said.
