What is Magnesite?

What is Magnesite?

Although over 80 minerals contain magnesium, only six are used for magnesium production. One of those materials, magnesite, is used in modern manufacturing processes and can be found in items ranging from paper to animal feed.

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Company News

West High Yield Resources Announces Private Placement

West High Yield Resources Announces Private Placement

West High Yield Resources Ltd. (TSXV:WHY) announced a non-brokered private placement of up to $300,000 of unit at a price of $0.25 per unit. Each unit will consist of one common share and 1/10 of on common share purchase warrant.

MGX Minerals Completes Field Work at Kootenay Silica Prospect, Provides Update on Driftwood Magnesium

MGX Minerals Completes Field Work at Kootenay Silica Prospect, Provides Update on Driftwood Magnesium

MGX Minerals Inc. (CSE:XMG) reported that field reconnaissance at the Kootenay Silica prospect has been completed, with rock chip samples sent to ALS Minerals for whole rock analysis. At Driftwood Magnesium, re-assaying of historical drill core is underway - this will be used to construct a resource model that includes both eastern and western zones. A mine plan for Driftwood is also in the works.

MGX Minerals Begins Preliminary Environmental Baseline Studies at Driftwood Creek

MGX Minerals Begins Preliminary Environmental Baseline Studies at Driftwood Creek

MGX Minerals Inc. (CSE:XMG) reported that it has started preliminary environmental baseline studies at the Driftwood Creek magnesium property in British Columbia. Re-assaying of 2008 drill core from the “Western Zone” is also underway. Upon completion of the data analysis, MGX engineering consultants will construct an updated block model that includes data from both the Western and Eastern mineralized zones.

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Market News

Blue LED Production Fails Because of Magnesium

Scientific American reported that UK scientists think that the difficulty in making blue LEDs could be attributed to magnesium, a key ingredient in making the semiconductor sandwich required for such LEDs.

Iran to Launch First Magnesium Plant This Week

According to Iranian Fars news agency, the country's first magnesium plant will be inaugurated this week. According to Azer News, the plant will be able to produce up to 6,000 metric tonnes of the metal each year.

Magnesium Fire Breaks Out at Houston Business Park

The Houston Chronicle reported that a magnesium fire broke out at a heat-treating business in Texas. Officials have said that the fire does not pose any danger to the public.

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