CAPITAL MARKETS

New supply deal to bolster AMC ramp-up

AUSTRALIAN Magnesium Corp has signed a three-year, 15,000 tonne sales contract to supply pure magnesium to a major European metals group from calendar 2005 during the ramp-up of its $1.3 billion Stanwell plant in Queensland.

Greg Tubby

New supply deal to bolster AMC ramp-up

With a 45,000t a year supply arrangement already in place with Ford Motor Co, AMC now has off-take contracts for 50,000tpa of Stanwell's projected 97,000tpa capacity. AMC said the sales price under the...

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