with the support of Ausenco, GPR Dehler, HSBC & Outokumpu

Powerpoint Presentation

The stakes of a central South Australian magnesium deposit, a Port Pirie refinery proposed and their owner Magnesium International (MIL) this month took a sudden hike when the competing Central Queensland Australian Magnesium Corporation (AMC) project dropped to its knees.
Man’s industrial evolution is defined by metals - bronze, steel, aluminium, & silicon. The next metal to redefine our world could be magnesium. Analysts already see a looming production shortfall of 200,000tpa of magnesium, and with precious few new magnesium projects arising, whether or not AMC falls right to the mat has world wide implications. They are felt nowhere more than at Gordon Galt’s office at MIL where assessments as to whether AMC’s represents an MIL opportunity, or a collateral threat, change with every morning paper. From Gordon’s point of view ‘a market imperative just got more imperative’. He stresses the 1915 foundations of the Dow process MIL has tied down and the fact that Theiss will carry a good proportion of process rectification cost over-runs – to distinguish from AMC. The shortfall is 200,000tpa, MIL plans to do 80,000tpa and AMC was to do 90,000tpa. The driver is manufacturer mandates for Greenhouse efficient automobiles. The world wants the metal but who wants to be first? It’s a fascinating current affairs scenario and Gordon Galt will present an up to the moment account. MIL are filling a placement, tweaking some drawings and getting in front of a lot of people. The game is in play – don’t miss it.
Julian Malnic
RSVP Tuesday prior