Perth, April 23, 2008 AEST (ABN Newswire) - Kasbah Resources Ltd (ASX: KAS) has made a report available at the Kasbah website entitled - "Re-energising the Moroccan Tin Industry". This report is available for download at the following link:
http://kasbahresources.com/cms/attachments/965_ITC_HK_17April08.pdf
A brief summary of the report follows below:
- The strategy is to complete feasibility studies on the Achmmach and El Karit Tin Projects;
- Our target is to become a new, low-cost tin producer supplying European and Asian markets
The major issues facing the international tin industry include:
- the demand and supply gap continues to grow;
- tin metal demand in China is expected to grow at approximately 10% per annum;
- Supply side problems are growing and continue to be exacerbated by:
- chronic under-investment in new projects over the last 2 decades;
- diminishing production and increasing production costs from aging or mature mines;
ITRI Limited, the leading technical body of the tin Industry stated that;
"to meet forecast tin demand that mine production outside of China and Indonesia needs to double in the next 5 years."
Contact
Peter R Youd
Chief Financial Officer & Company Secretary
T: +61 (0)8 9463 6651
W: www.kasbahresources.com
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