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China Magnesium Corp Ltd

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China Magnesium Corporation Limited (CMC) is an Australia-based company. The Company is a producer of magnesium and magnesium alloys. The Company was form to enter into a joint venture with Pingyao County Maoyuan Porcelain Industry Co, Ltd for the commercial exploitation of the Pingyao Magnesium Project. CMC’s Pingyao Magnesium project resides in a joint venture company known as Shanxi Luyuan Magnesium Company Limited (CMC China). The project is located in the Shanx... continued
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China Magnesium Corp Ltd
China Magnesium Corporation Limited (CMC) is an Australia-based company. The Company is a producer of magnesium and magnesium alloys. The Company was form to enter into a joint venture with Pingyao County Maoyuan Porcelain Industry Co, Ltd for the commercial exploitation of the Pingyao Magnesium Project. CMC’s Pingyao Magnesium project resides in a joint venture company known as Shanxi Luyuan Magnesium Company Limited (CMC China). The project is located in the Shanxi Province of Northern China. The project involves an upgrade of an existing magnesium ingot production plant. The manufacturing plant is located in Pingyao County, Shanxi province, approximately 500 kilometers west of Beijing. The magnesium ingot production plant has a capacity of 5,000 tons per annum of magnesium. In April 2012, the Company announced the acquisition of the quarry, which supplies dolomite to its magnesium production facility in China.

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Latest CMC news

Oil prices slide
"Fresh concern over Ebola is really the last thing we like to see right now, which may have an overhang effect on oil demand," said Desmond Chua, market analyst at CMC Markets.
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Shares rise as bargain hunting continues
CMC Markets analyst Michael McCarthy said some investors were buying because they believe weak global growth prospects mean stimulus from the European Central Bank, while others see general value in growth prospects.
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Commodities markets summary
"Oil prices saw a strong turnaround today on the news Saudi Arabia cut its crude supply to the market in September, and signs from China and Germany that the global growth situation maybe not as gloomy as expected," said CMC Markets analyst Jasper Lawler.
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