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China Magnesium Corporation Ltd


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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🕔11/8/2011 11:45:22 AM 9165

Asian Activities Report for November 8, 2011 includes: Stanmore Coal Limited (ASX:SMR) has completed the Pre-Feasibility Study for its wholly owned the Range Project, located in Queensland's Surat Basin; China Magnesium Corporation Limited (ASX:CMC) has signed an agreement to acquire a stand-alone, profitable ferrosilicon producer in China's Ningxia province; Uranex Limited (ASX:UNX) has further confirmed the presence of coal within the Lumecha Coalfield, part of its 100% owned Songea Coal Project in Southern Tanzania; TVN Corporation Limited (ASX:TVN) says today that drilling on the Nuurst Coal Project in Mongolia is nearing completion.

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Asian Activities Report for April 29, 2011: MUI Corporation Limited (ASX:MUI) To Acquire Coal Project Licence In Inner Mongolia

🕔4/29/2011 12:07:35 PM 9797

Asian Market Report of April 29, 2011 includes: MUI Corporation Limited (ASX:MUI) said today that the acquisition of a coal project licence in Inner Mongolia is in line with the Company's medium to long-term strategies; Nexbis Limited (ASX:NBS) received official notification of accreditation for China Gas Tank Project; China Magnesium Corporation Limited (ASX:CMC) commences magnesium production; Blackgold International Holdings Limited (ASX:BGG) is to acquire a 100% interest in the Wushan Maojiawang Coal Mine in China.

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🕔4/11/2011 12:00:40 PM 12530

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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

🕔2/16/2011 11:15:39 AM 10298

Australian Market Report of February 16, 2011 includes: China Magnesium Corporation Limited (ASX:CMC) was formally granted land rights in China for first phase expansion to 20,000 tonnes per annum; Peninsula Energy Limited (ASX:PEN) signed a long term sale agreement for U3O8 produced from Lance Projects; Tanami Gold NL (ASX:TAM) reported that its gold resources had increased to 2.03 million ounces; EnviroGold (ASX:EVG) applied for additional copper/gold licence in Dominican Republic.

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Australian Market Report of January 6, 2011: OnCard (ASX:ONC) Signed Buffet Club Purchase Cooperation Agreement with Citic Bank (SHA:601998) (HKG:0998)

🕔1/6/2011 1:30:00 PM 13743

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Australian Market Report of December 7, 2010: China Magnesium Corporation (ASX:CMC) Commences Capital Works On China Plant Upgrade

🕔12/7/2010 1:30:30 PM 9775

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

🕔6/30/2010 12:50:00 PM 9783

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

  • Level 10, 12 -14 Marine Pde
    Southport QLD 4215
  • Telephone
  • +61-7-5531-1808 
  • Fax
  • +61-7-5597-1096 
  • Principal Sector
  • Materials 
  • Principal Industry
  • Mining & Metals 
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