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SA acquisition strengthens magnesium hopeful

PROSPECTIVE Australian magnesium producer New World Alloys has acquired a specialist South African-based furnace and foundry engineering company, bringing it closer to its goal of joining the light metals industry.

Rebecca Keenan

SA acquisition strengthens magnesium hopeful

NWA, formerly Mt Grace Resources, has acquired Castall Foundry and Engineering - including its proprietary electric arc furnace technology and equipment and its $17.6 million order book - for 7.5 million...

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