Ann: Daily share buy-back notice - Appendix 3E, page-8

found this in an article from direct industries

PRC Mandates Strict New Conditions for Existing and New Refineries: China Magnesium Corporation, which has all approvals and permits in place to expand annual production to 105,000 tons, making the Company one of the largest producers of magnesium in the world, expects[iv] that the government's setting of minimum production thresholds will result in a reduced supply of magnesium and provide an advantage to those producers with production capacity and regulator approvals already in place.