Magnesia latest news

  • July 2015

    Vesuvius profit dips 6% in declining steel market

    31 July 2015

    The UK-based refractories producer said that its earnings are on course to meet its full year guidance for 2015, but warned that a return to overall growth in the steel market is not expected before 2017. No mention was made of Vesuvius’ failed bid to buy British rival Morgan Advanced Materials, but indications are that market observers have lost interest in the deal.

  • China quality watchdog releases findings of magnesia brick and rare earths inspections

    30 July 2015

    Both magnesia-carbon bricks and rare earth oxides recorded high qualification rates when assessed against national quality standards. The tests are designed to improve the overall value of Chinese output of these products and encourage better manufacturing practices and volume control.

  • MGX initiates archaeological studies at Driftwood magnesium project

    28 July 2015

    The Canadian explorer has engaged Tipi Mountain to evaluate the impact its project could have on the heritage and environmental character of its site in southeast British Columbia, but anticipates receiving the approvals necessary to commence commercial operations by the end of next year.

  • MGX prepares for phase two drilling at Driftwood magnesia project

    27 July 2015

    The news that the company is continuing to test thick sections of magnesite at the western zone of its Driftwood Creek property, joins a string of fresh announcements unveiled by the firm this month. It comes as MGX’s CEO tells IM that it has picked its magnesia production plant location and is trying to “close it”.

  • MGX Minerals acquires Longworth silica site

    24 July 2015

    The company has consolidated its ownership of the Longworth claims and is aiming to solidify its position in silica in British Columbia as it prepares for the production of ferro silicon to be used to in the manufacture of magnesium alloy and steel.

  • MGX closes first private placement for Driftwood magnesia plant

    22 July 2015

    The company follows hot on the heels of an update on the lease approval process, suggesting that MGX will avoid the financing and permitting delays that often hamper mining projects in Canada.

  • Ma’aaden Q2 net profit falls by 27%

    15 July 2015

    Rather than phosphates and other industrial minerals lowering the miner’s income, price falls for gold and base metals have weighed heavily on Ma’aden’s net profit.

  • Korab receives third proposal to fund Australian magnesite project

    08 July 2015

    The junior has received a third pitch to fund its magnesite quarry based near the south of Darwin and is pursuing discussions with the investor. This is a positive signal given that project financing is tight in the mining sector.

  • MGX Minerals prepares for exploration at Californian magnesite deposit

    07 July 2015

    The company is advancing its industrial minerals portfolio and expanding operations in the US, as it makes preparations to begin phase one of an exploration programme at its White Moon magnesite deposit in California.