The company may invest up to 200 million Malaysian ringgit ($65.7 million) to increase its mining assets in the near term, MSC CEO Mohd Ajib Anuar told Reuters in an interview. 

MSC currently operates two mines in the Malaysian state of Perak and Indonesia's Bangka Island. It also processes tin at its two smelting plants in Penang and Bangka, which have total capacity of 60,000 tons. 

"We raised 104 million ringgit from the Singapore listing, and out of that we've earmarked 80 million ringgit for financing development of new mines," Anuar said. 

"With that 80 million (ringgit) plus some borrowing, we would have possibly 150-200 million (ringgit) to look for expansion of new mines," he said, adding that potential locations are Bangka in Indonesia, as well as Perak and Pahang, two major tin-producing states in Malaysia. 

MSC, a Kuala Lumpur-listed subsidiary of Singapore's property and resources conglomerate Straits Trading, sold 25 million shares at S$1.75 each on the Singapore Stock Exchange in January this year.

Tin is widely used in the electronics, food packaging and chemicals industries.  

Last year, MSC together with its Indonesian subsidiary PT Koba Tin had total refined tin output of 45,381 tons, making it the second-largest producer in the world behind China's Yunnan Tin, according to industry group ITRI. 

MSC is adding a mining unit to raise its production by 20 percent, or around 360 tons per year, at its Rahman Hydraulic mine in Perak from the second half of this year, Anuar said. 

In the first quarter ended March, MSC generated profit before tax of 27 million ringgit in Malaysia and 22 million ringgit in Indonesia. Rahman Hydraulic, which produced 452 tons of tin, contributed 16 million ringgit, Anuar said. 

He added that the lowest tin price level at which the industry can remain roughly profitable is $15,000-$20,000 a ton. 

"China will continue to be the world's largest consumer of tin because of the booming electronics industry. (In) Taiwan and Korea, we have also seen increased consumption level," Anuar said. 

Three-month tin on the London Metal Exchange closed at $28,250 a ton on Thursday, off from a record high of $33,600 hit in April but up around 5 percent so far this year.  

"Global tin consumption exceeded production for the past three out of four years. This may result in global tin shortage and hence help to support the commodity's price," said Ng Kian Teck, an analyst at SIAS Research.  

RHB Research Institute, part of Malaysia's RHB Banking Group, said in a report that MSC is a beneficiary of high tin prices, but key risks are a fall in global tin consumption and increased small-scale mine production that could lead to an over-supply in the market.  

MSC shares closed at S$1.90 on Thursday. The stock has risen nearly 7 percent so far since listing in Singapore.