MALAYSIA SMELTING CORP BHD
(SGX: NPW)

The Company is a public limited liability company, incorporated and domiciled in Malaysia and is listed on the Main Market (formerly known as Main Board) of the Bursa Malaysia Securities Berhad.The principal activities of the Company are investment holding and the smelting of tin concentrates and tin bearing materials, the production of various grades of refined tin metal under the MSC brand name and the sales and delivery of refined tin metal and by-products.The Group operates its smelting facilities in Butterworth, Penang, Malaysia and Bangka Island, Indonesia and engaged in alluvial tin mining operations and mining activities in Bangka Island and Riau Islands, Indonesia.The Group operates its main smelting and processing facility in Butterworth, Penang, Malaysia with an annual designed smelting capacity of approximately 35,000 tonnes. Its smelting facility in Malaysia processes tin concentrates and crude tin metal obtained from third-party suppliers. The Group also engages in open-pit mining of tin through its wholly-owned Malaysian subsidiary, Rahman Hydraulic Tin Sdn Bhd ("RHT"), which operates an open-pit tin mine in Klian Intan, Hulu Perak, Malaysia, into refined tin metal products.The Group’s Indonesian operations are primarily undertaken through its subsidiaries, namely (a) 75.0 percent owned PT Koba Tin, (b) 99.98 percent owned PT MSC Indonesia ("PT MSC-I") (which is a party to various co-operation agreements with third parties to undertake mining activities) and (c) 99.0 percent owned PT SRM-I, which provides management services for the Group in relation to the Group’s exploratory programmes to search for new onshore and offshore tin deposits in Indonesia. In addition, PT Koba Tin operates an onshore dredge and gravel-pump mining units and has its own smelter with an annual designed smelting capacity of approximately 25,000 tonnes. PT Koba Tin processes mainly tin concentrates obtained from its own mining operations as well as from sub-contractors who undertake mining operations on the Group behalf.The Group produce 'MSC Straits' and 'Koba' branded refined tin which are registered and traded on the Kuala Lumpur Tin Market ('KLTM') and the London Metal Exchange ('LME') and marketed to end-users in the tin industry.

0.850 -

+0.060 (+7.59%)
Range 0.790 - 0.855   (8.23%)
Open 0.790
Previous Close 0.790
Bid Price 0.805
Bid Volume ('000) 2.5
Ask Price 0.835
Ask Volume ('000) 4.5
Volume ('000) 44.6
Value 37,041
Remark -
Delayed prices. Updated at 19 Apr 2024 15:05.
Data powered by
View All Events


Loading Chart...

Please login to view stock data and analysis