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Magnesium International to List on German Stock Exchange

Oct 18 2004

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Magnesium International Limited (MIL) has recently arranged for the listing of its ordinary shares in Germany. Shares are tradable on the Xetra and the Frankfurt Stock Exchange. This step has been taken with a view to the future raising of equity capital for MIL’s magnesium smelter project in Germany, given that

  • There is already significant involvement in the smelter project by ThyssenKrupp Metallurgie (TKM). TKM is contracted to MIL to purchase 100% of the smelter’s output following construction,
  • German auto makers are some of the world’s largest purchasers of high quality magnesium alloys, and
  • A considerable amount of equipment for the smelter could be sourced from German manufacturers

For more information on magnesium, click here.

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