The world's tin-producing nations will meet in London next March to discuss a proposal to set up an association of producers to defend the price of tin.
GV EXTERIOR Durbar Hotel, Lagos
CU TILT UP "Director General, Tin Council" TO Director general's face
SV Delegates seated
SVs & CUs Delegates from Thailand, Malaysia, Zaire, Australia (4 shots)
GV Nigerian vice president Alex Ekwueme being introduced
CU PULL BACK TO SV Bolivian delegates
CU Ekwueme speaking (SOT)
LV Delegates applauding as Ekwueme sits down
TRANSCRIPT FOR SEQUENCE SEVEN:
EKWUEME: "Nigeria has noted with delight the united efforts of all producing countries in the International Tin Council to fight for reasonable price range. On the other hand, we have equally viewed with concern the non-co-operative attitude of major tin consumers, especially the United States of America, in matters affecting determination of price range, and release of stockpile."
Script is copyright Reuters Limited. All rights reserved
Background: The world's tin-producing nations will meet in London next March to discuss a proposal to set up an association of producers to defend the price of tin. The Bolivian Mining and Metallurgy Minister, Senor Carlos Barragan, told Reuters news agency on December 3 that technical experts from seven countries would gather in London in February to prepare for the ministerial conference. The countries are Australia, Bolivia, Indonesia, Malaysia, Nigeria, Thailand and Zaire. Senor Barragan's announcement came on the third day of the fourth annual conference of the tine-producing countries in Lagos. Malaysia had proposed the idea of the association to the conference. Reuters quoted conference sources as saying the agreement for the London meeting was made to break a deadlock between Malaysia and Indonesia. These countries have disagreed on export controls and stock arrangements the Malaysian government had proposed to Indonesia and Thailand. But Indonesia rejected the proposed stockpiling and export control details the Malaysians insisted were needed to influences supply and price. The world market is suffering a surplus of around 80,000 tonnes.