China Magnesium Corporation Ltd

ASX:CMC ISIN:AU000000CMC0

China Magnesium Corporation Limited ASX CMCChina Magnesium Corporation Limited (ASX:CMC) owns a 91.25% interest in CMC China which owns a 100% interest in a magnesium ingot production operation.

The operations are licensed to expand output to 105,000tpa, which would make it one of the world''s largest magnesium producers. Studies have been completed which indicate a positive environment for CMC to conduct a major expansion of its magnesium operations.

CMC has converted its existing coal to gas plants to 5 semi-coke crackers (total semi-coke capacity 200,000 tpa) at the site of its existing 20,000 tpa capacity magnesium plant. Waste gas from semi-coke production is now used to provide the energy source required to produce magnesium. Consequently the combined semi-coke and magnesium plants are expected to significantly lower production costs than for magnesium-only production using the coal-to-gas facilities as originally envisaged when the magnesium plant was built.

 
 
           

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Australian Market Report of February 16, 2011: China Magnesium Corp (ASX:CMC) Secures Land Rights To Expand Magnesium Project In China

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China Magnesium Corporation Limited (ASX:CMC) Announce An Initial Public Offering (IPO)

🕔6/30/2010 12:50:00 PM 10754

China Magnesium Corporation Limited (ASX:CMC) is raising up to A$8 million pursuant to an IPO to be followed by an ASX listing. It has (through a JV company, in which it is earning a minimum 75% interest) a pure magnesium plant in China - using the simple, cheap and proven pidgeon process - which has a rare permit in place to substantially expand production to 105,000tpa (which would make it one of the world's largest producers), an option to acquire the supplying dolomite (magnesium ore) mine and will have the new capability to produce higher value magnesium alloys at effectively the same cost as producing the pure magnesium.

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Company Data

    Headquarters
  • Level 10, 12 -14 Marine Pde
    Southport QLD 4215
    Australia
  • Telephone
  • +61-7-5531-1808 
  • Fax
  • +61-7-5597-1096 
  • Principal Sector
  • Materials 
  • Principal Industry
  • Mining & Metals 
  • Homepage
  • www.chinamagnesiumcorporation.com
  • E:
  • info@chinamagnesiumcorporation.com