A bit old? This stuff never gets old! he says. he says. he says....

A bit old?

This stuff never gets old!

he says. he says. he says. he says.

"Blackhurst says the long-term goal is to expand magnesium production to 105,000tpa over three major phases by 2013. "
“We have already received a non-binding letter of intent from the China Construction Bank, one of the world’s largest banks, to debt fund US$14.6 million of the total expansion capital expenditure to 105,000tpa,” he says.

Non-executive chairman Bill Bass says the group is backed by the Chinese Government and guided by a management team with significant experience.
“CMC operates in a country that is actively encouraging resources industry and investment – so the project is not exposed to the current uncertainty created by Australia’s proposed resource super profits tax, and the expansion project has been classified by the local provincial government as a ‘preferred project’,” he says.