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MagIndustries Corp. (MAA.TO)

0.23 Up 0.01(4.65%) Apr 24
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MagIndustries Corp.
33 Yonge Street
Suite 820
Toronto, ON M5E 1G4
Canada - Map
Phone: 416-368-7911
Fax: 416-368-5048

Index Membership:N/A
Sector:Basic Materials
Industry:Agricultural Chemicals
Full Time Employees:315

Business Summary 

MagIndustries Corp., together with its subsidiaries, focuses on the exploration and development of potash assets in the Republic of Congo. Its principal project includes the Mengo project that holds a mining license for a 136 km2 area with 33.2 million tonnes of proven and probable reserves of potash located to east of the Atlantic port city of Pointe-Noire, the Republic of Congo. The company also focuses on the construction and commissioning of a potash plant located to the east of the Atlantic port city of Pointe-Noire, the Republic of Congo to produce primarily agricultural grade potash fertilizers for Asian, South American, South African, and European markets. In addition, it owns and operates a 68,000 hectare eucalyptus forestry plantation in Pointe-Noire, the Republic of Congo, which produces and sells wood chips to customers in the pulp and paper, and fiberboard industry in the European market; and evaluating the development of a Kouilou magnesium plant near Pointe-Noire in the Republic of Congo located adjacent to the potash plant. The company was formerly known as Magnesium Alloy Corporation and changed its name to MagIndustries Corp. in January 2005. MagIndustries Corp. is headquartered in Toronto, Canada. As of July 22, 2011, MagIndustries Corp. operates as a subsidiary of Evergreen Industries Holding Group Co., Ltd.

Key Statistics

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Key Executives 
Mr. Longbo Chen ,
Chief Exec. Officer and Director
Mr. Richey Stairs Morrow ,
Director of Investor Relations & Corp. Devel.
Dr. Fuliang Wang ,
VP of Mining & Devel.
Mr. Achim Strauss ,
Technical Advisor of Engineering & Devel.
Mr. Geoff Woo CGA,
Chief Financial Officer
Amounts are as of Dec 31, 2012 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in CAD.