English 
Spanish 
2 min read
0 comments
The transaction marks a new chapter for Brazil's leading tin producer, which promises to strengthen CNMC's operations in the non-ferrous metals sector.
O Peruvian Minsur group announced the sale of taboca mining to CNMC (China Nonferrous Mining Metal Company) by 340 million U.S. $. This transaction is a significant step for CNMC, a reputable Chinese mining company with a strong presence in non-ferrous metals operations in Asia e Africa.
Taboca Mining and its role in the market
Recognized as one of the Mineral Sector Companies of the Year 2024 In the Innovation and Technology/Medium Size category, Mineração Taboca is the main Brazilian producer of tin. The company operates the Pitinga mine, located in Presidente Figueiredo, in the state of Amazon, where it also extracts tantalum e niobium. In addition to the mine, Taboca has a metallurgy unit in Pirapora do Bom Jesus (SP), where it processes the Pitinga concentrate, resulting in refined tin registered in LME (London Metal Exchange) under the name MAMORE, according to Brasilmineral.
Performance in 2023
In 2023, Mineração Taboca achieved a production of 5.386 tons of refined tin e 4.410 tons of ferroalloys. This performance surpassed the previous record of 4.008 tons, generating revenue of 256 million U.S. $. However, the company faced a setback of 3% in relation to 2022, due to delays in transportation caused by the low flow of the Amazon River, which impacted the logistics of transporting the concentrate to the coast of São Paulo and, later, to Pirapora.
- Microsoft co-founder Bill Gates has revealed his biggest MISTAKE that ended up costing his company $400.000.000.000
- New PIX and Federal Revenue rules increase control over workers; financial transactions will be monitored like never before, check it out!
- The first mega underwater tunnel in Brazil will be responsible for the deforestation of 105 THOUSAND square meters of the Atlantic Forest; on the other hand, the R$6 BILLION project will generate 9 THOUSAND jobs
- Government wants a new union contribution
Financial challenges
O Ebitda da taboca mining also showed a significant drop, with a reduction of 37% compared to the previous year. The mining company's profit plummeted to just 4,2 million U.S. $, representing a drop of 92% compared to 2022. These financial challenges highlight the difficulties faced by the company, even though it is a leader in the sector.
The future of CNMC with Taboca Mining
With the acquisition of Mineração Taboca, CNMC seeks to expand its operations and strengthen its position in the global non-ferrous metals market. The transaction not only solidifies the Chinese mining company’s presence in Brazil, but also opens up new opportunities for improving operations and innovation in the mining sector.
The sale of Mineração Taboca is a milestone that could redefine the landscape of the tin and non-ferrous metals market, bringing new challenges and opportunities to the industry.
