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Gold Coast reported that China Magnesium Corporation (ASX:CMC) is acquiring Ningxia Tianjing Tianda Metallurgical Smelting Co.
Gold Coast reported that China Magnesium Corporation (ASX:CMC) is acquiring Ningxia Tianjing Tianda Metallurgical Smelting Co.
As quoted in the market news:
The company said the $6 million acquisition was struck at a significant discount to the $15 million replacement cost of the ferrosilicon production facility in China’s Ningxia province.
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