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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.

  

News

Asian Activities Report for August 2, 2011: Astro Resources (ASX:ARO) Secured Rights To Acquire A Prospective Mineral Sands Project in Western Australia

🕔8/2/2011 12:00:39 PM 7202

Asian Activities Report for August 2, 2011 includes: Astro Resources NL (ASX:ARO) has secured the rights to acquire the majority share in the Scott Coastal Plain Mineral Sands Project in Western Australia; Nexbis Limited (ASX:NBS) has signed a 12-year agreement for its Malaysian project; Gullewa Limited (ASX:GUL) reported a three-metre thick coal seam at Back Creek in Queensland; China Magnesium Corporation Limited's (ASX:CMC) first phase expansion of the Pingyao Magnesium Project is progressing as expected and on schedule; Claris Lifesciences Limited (BOM:533288) received approvals to re-launch its Bag Products in the European Union.

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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 8140

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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Asian Activities Report for April 11, 2011: Endocoal Limited (ASX:EOC) Announce Company Development Strategy And CEO Appointment

🕔4/11/2011 12:00:40 PM 9610

Asian Activities Report for April 11, 2011 includes: Endocoal Limited (ASX:EOC) announced company development strategy and CEO appointment; China Magnesium Corporation Limited (ASX:CMC) has commissioned its existing magnesium ingot production plant in China and will commence magnesium production in April; Eden Energy Limited (ASX:EDE) has made the first commercial sale of its nano-carbon fibres to an industrial battery manufacturer; China Development Bank approves US$500 million project finance facility for Moly Mines Limited's (ASX:MOL) (TSE:MOL) Spinifex Ridge Molybdenum/Copper Project.

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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 8193

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 10320

Australian Market Report of January 6, 2011 includes: OnCard International Limited (ASX:ONC) signed a Buffet Club Purchase Cooperation Agreement with China Citic Bank (SHA:601998) (HKG:0998); South Australia Government declares 'Major Project' status for Centrex Metals Limited's (ASX:CXM) deepwater port plan; Clough Limited (ASX:CLO) receive a letter of intent for CACT Project, offshore China; China Magnesium Corporation Limited (ASX:CMC) increase its interest in the Pingyao Magnesium Project to 90.7%.

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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 7558

Australian Market Report of December 7, 2010 includes: China Magnesium Corporation Limited (ASX:CMC) has commenced upgrade works at the Pingyao Magnesium Project; Augustus Minerals Limited (ASX:AUJ) is to acquire rare metals and heavy rare earths projects in Western Australia; Vital Metals Limited (ASX:VML) is to raise A$2.5 million for Doulnia Gold Project in Burkina Faso; Phosphate Australia Limited (ASX:POZ) has acquired 100% interest in the Earaheedy Basin manganese project in Western Australia.

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

🕔6/30/2010 12:50:00 PM 8699

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

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