Haicheng govt progresses magnesia industry consolidation

By Carrie Shi
Published: Thursday, 13 September 2018

Haicheng's consolidation plan for its magnesia industry has made progress, with 42 companies to be consolidated at first, while magnesia prices temporarily hold steady.

Liaoning Magnesite Mining Co (LMMC) held the seventh interim shareholders meeting on September 10, signing the cooperation agreement to consolidate 42 magnesia companies in the local Haicheng region.

LMMC is a state-owned company, set up by the government of Haicheng, in China's Liaoning province, with the aim  to consolidate all magnesite...

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