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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 drops on demand worries
Desmond Chua, analyst at CMC Markets in Singapore, said the Chinese PMI data will come after several economic reports came in below expectations.
8909735
Asian shares slip on profit-taking
Desmond Chua, market analyst at CMC Markets in Singapore, said a series of economic reports had come in below expectations. He added that another weak reading "will underscore weakness in the Chinese economy".
8909545
Aust market drops more than one per cent
CMC markets chief market analyst Ric Spooner said lower iron ore prices weighed on the big miners.
8909470
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