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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (36430)	5/1/2009 2:56:57 PM
From: LoneClone	Read Replies (1) \| Respond to of 194000

Minsur reports fall in profits Release date: 01 May 2009 itri.co.uk Peruvian tin miner Compania Minera Minsur SA said on Thursday that its first quarter net income fell by 30% to 132.6 million soles ($44 million) from PEN188.6 million in the same quarter a year earlier. Total first quarter sales dropped by 45% to PEN302.5 million from PEN558.9 million in the same period a year earlier. Minsur operates the San Rafael tin mine in the southern department of Puno and a smelter in the southern coastal city of Pisco. Its mine production in Peru declined by 6.8% year-on-year to 9,014 tonnes in the first quarter, while refined metal output fell by 3.4% to 9,620 tonnes. Minsur now also owns Mineração Taboca in Brazil.