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homepage >> Magnesium News
Magnesium smelting project launches construction in Xinjiang

Yili West Mining Magnesium Co.,Ltd has announced to have signed an agreement of magnesium smelting with Nikele county, Xinjiang province. Yili West Mining Magnesium is a joint venture of Beijing Wante real estate development Co.,Ltd, Century Yijin(Beijing) investing management Co.,Ltd(hold by China West Mining Group) and Hebei Yongqing Metal Co.,Ltd, and it is sespecially engaged in mining, metal smelting, and investment and operation for coal chemical industry projects

This signed agreement has made Yili West Mining magnesium another lare-scale group to Nikele county to design and carry out the comprehensive development of coal, magnesium smelting, coal chemicals and alloys. The company will be involved in dolomite resources, magnesium smelting with capacity of 200 kt, coal mine exploration of 3 million to 5 million tons, power station, fesi alloy plant of 200 kt, semi coke of 100 kt and magnesium alloy. Within 3 to 5 years, Yili West Mining magnesium will invest a total of 8 billion RMB to build a circular economy industrial zone and make it a demonstration project for magnesium smelting in Xinjiang.

Three magnesium enterprises in Hebi identified as key export players by Henan provincial government

Three magnesium enterprises including Grand Magnesium, Winca (Hebi) Magnesium, and Victoria Magnesium, have been identified by Henan provincial government to be ¡°major export-oriented magnesium players in Henan 2010¡±.

In order to deal with the severe economic situations caused by finiancial downturn, Hebi city insists on providing assistance, also as its main policies for trade affairs, to the major export-oriented companies in Hebi city to expand the their export scale. Assistance includes instant on-site services and special contact person and so on.

According to the statistics from the trade affair department of the city, last year, these three companies, plus two other companies in other industry, totally exported 47.8 million USD, accounting for 62.3% of the whole value of the city. Among the statistics, Grand Magnesium¡¯s export value was 12.16 million USD, whereas Vinca (Hebi) Magnesium exported a total of 11.79 million USD and Victoria Magnesium was 6.38 million USD.

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