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Corporate Information BOARD OF DIRECTORS INDEPENDENT NON-EXECUTIVE DIRECTORS • Mr Norman Ip Ka Cheung (Chairman) • Mr Lim Sit Chen Lam Pak Ng EXECUTIVE DIRECTOR • Dato’ Seri Dr Mohd Ajib Anuar SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR • En Razman Ariffin NON-INDEPENDENT NON-EXECUTIVE DIRECTORS • Mr Yeo Eng Kwang • Madam Ong Lee Keang, Maureen @ Mrs Maureen Leong • Mr Chew Kwee San • Mr Mark Christopher Greaves COMPANY SECRETARY • Cik Sharifah Faridah Abdul Rasheed (LS0008899) MANAGEMENT • Dato’ Seri Dr Mohd Ajib Anuar (Group CEO/Executive Director) • Mr Chua Cheong Yong (Deputy Group Chief Executive Officer/Group Chief Operating Officer, Smelting) • Mr Yap Fook Ping (Group Chief Financial Officer) • En Ir Mohamed Yakub Ismail (Group Chief Operating Officer, Mining/Senior General Manager, Rahman Hydraulic Tin Sdn Bhd) • En Mohd Najib Jaafar (Head, Restructuring and Turnaround Operations – Indonesia) • En Madzlan Zam (Head, Geology & Exploration) • En Kamardin Md Top (Country Head, Indonesia/President Director, PT Koba Tin) • Mr Raveentiran Krishnan (Group General Manager, Smelting) • Mr Yap Kean Pang (General Manager, Marketing & Trading) REGISTERED, CORPORATE & MARKETING OFFICE B-15-11, Block B, 15 th Floor, Unit 11 Megan Avenue II 12, Jalan Yap Kwan Seng 50450 Kuala Lumpur, Malaysia Tel: (603) 2166 9260-1 Fax: (603) 2166 6599 www.msmelt.com BUTTERWORTH SMELTER 27 Jalan Pantai 12000 Butterworth Penang, Malaysia Tel: (604) 333 3500 Fax: (604) 331 7405/332 6499 Email: msc@msmelt.com PT KOBA TIN OFFICE Arthaloka Bld. 12 th Floor Jl. Jend. Sudirman No.2 Jakarta 10220, Indonesia Tel: (62) (21) 251 1566 Fax: (62) (21) 251 1532 E-mail:kobatin@jkt.ptkoba.co.id www.ptkoba.co.id PT MSC INDONESIA OFFICE Arthaloka Bld. 12 th Floor Jl. Jend. Sudirman No.2 Jakarta 10220, Indonesia Tel: (62) (21) 5793 9120/1 Fax: (62) (21) 5793 9119 RAHMAN HYDRAULIC TIN SDN. BHD. B-15-11, Block B, 15th Floor, Unit 11 Megan Avenue II 12, Jalan Yap Kwan Seng 50450 Kuala Lumpur, Malaysia Tel: (603) 2166 8057 Fax: (603) 2166 3057 SHARE REGISTRARS • MALAYSIA Symphony Share Registrars Sdn. Bhd. Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor, Malaysia Tel: (603) 7841 8000 Fax: (603) 7841 8151/8152 • SINGAPORE Tricor Barbinder Share Registrar Services 80 Robinson Road #02-00, Singapore 068898 Tel: (65) 6236 3333 Fax: (65) 6236 4399 AUDITORS • Ernst & Young BANKERS • CIMB Bank Berhad • Citibank Berhad • Hong Leong Bank Berhad • HSBC Bank Malaysia Berhad • Malayan Banking Berhad • OCBC Bank (Malaysia) Berhad • Standard Chartered Bank Malaysia Berhad • The Bank of Nova Scotia Berhad STOCK EXCHANGE LISTING • Bursa Malaysia Securities Berhad • Singapore Exchange Securities Trading Limited MALAYSIA SMELTING CORPORATION BERHAD (43072-A) • ANNUAL REPORT 2011 3
Corporate Profile Malaysia Smelting Corporation Bhd (“MSC”) Group is currently one of the world’s leading integrated producers of tin metal and tin based products and a global leader in custom tin smelting since 1887. In 2011, the Group produced approximately 46,599 tonnes of tin metal thus sustaining its global position as the second largest supplier of tin metal. The Group’s turnover in 2011 was RM3.1 billion. MSC is listed both on the Main Market of Bursa Malaysia since 15 December 1994 and the Main Board of Singapore Exchange (SGX-ST) 4 Building on Success: Developing Resources for the Future since 27 January 2011, and is a 54.84% subsidiary of The Straits Trading Company Limited of Singapore. The core business sectors of MSC are: • International Smelting & Marketing • Exploration, Mining & Mineral Processing InteRnatIonal SmeltIng The first smelting facility was established in Singapore in 1887 and the second facility was built in Butterworth in 1902. Both facilities ran concurrently for many years until the closure of the Singapore unit while the Butterworth unit was rebuilt and restarted in 1955 after it was heavily damaged during the Second World War. In 2002 the Company acquired PT Koba Tin in Indonesia and increased its reverberatory furnaces to four with an expanded smelting capacity of 25,000 tonnes per annum. Together with the Butterworth facility, the Division now has an overall smelting capacity of about 60,000 tonnes in two countries. In the mid 90’s the Group started a tin marketing and trading arm under the Smelting Division. The downstream unit provides the Group with hedging, pricing and marketing linkages to the KLTM/LME markets as well as the end-user markets worldwide. The division produced a total of 46,599 tonnes refined tin in 2011 representing almost 13% of the world production. The range of refined tin products currently produced is as follows:- • Grade A with minimum 99.85% Sn • 99.9% Sn minimum • 99.9% Sn minimum with 50 ppm and 100 ppm maximum Pb • Tin anodes • Electrolytic tin with 99.99% Sn minimum The Malaysian (MSC Straits Refined Tin) and Indonesian (Koba) tin brands are LME/KLTM registered.
Page 1 and 2: ANNUAL REPORT 2011 Building on Succ
Page 3: viSion To be a successful world-cla
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Page 9 and 10: Notice of Annual General Meeting NO
Page 11 and 12: Group Financial Highlights 10 Build
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Page 19 and 20: Statement by the Chairman 18 Buildi
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Page 33 and 34: Securing the Future (cont’d) 32 B
Page 35 and 36: Securing the Future (cont’d) Ore
Page 37 and 38: Tin Market Review 2011-2012 (cont
Page 39 and 40: Tin Market Review 2011-2012 (cont
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Supplementary information 44. Break
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List of Properties of the Group 31
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Tin Statistics (cont’d) 178 Produ
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Shareholding Statistics as at 21 Ma
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184 To: The Company Secretary MALAY
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