CHINA MAGNESIUM CORPORATION LIMITED (CMC)



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General Information
Company Name: China Magnesium Corporation Limited
Stock Code: CMC
Website: www.chinamagnesiumcorporation.com
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 7
Equiv. Shares (M): 144

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.052 $ 0.000 $ 0.000 $ 0.000 $ 0.052 0 0%

Company Overview

Business Description:
China Magnesium Corporation Limited (CMC) is an Australian based company engaged in production of pure magnesium and magnesium alloy with operations in China. CMC currently focuses on three operations namely Magnesium Operation, Dolomite Quarry and Ferrosilicon Operation.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -2.1 -1.6 -- 0.0 0.0 0.0 --
2011  A -1.7 -1.5 -- 0.0 0.0 0.0 --
2009  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2011 F 2012 F 2009 A 2011 F 2012 F 2009 A 2011 F 2012 F
BHP Billiton (BHP) $105,343 M -0.1359 -0.2624 0.1727 10.4144 14.1191 12.0393 0.0335 0.0341 0.0365
China Magnesium Corporation (CMC) $7 M -- -- -- -- -- -- 0.0000 -- --
Iluka Resources (ILU) $4,304 M -0.2536 -0.7033 2.1588 11.3931 38.4012 12.1570 0.0340 0.0232 0.0291
Rio Tinto (RIO) $23,378 M -0.3874 0.0604 0.1398 11.0815 10.4503 9.1689 0.0300 0.0330 0.0366
Sims Metal Management (SGM) $1,818 M -0.6378 -0.2367 1.9358 26.4330 34.6304 11.7959 0.0225 0.0122 0.0414

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
CMC -- -- 0.55 -- 5.65
Market 0.94 12.3 0.82 1.92 2.44
Sector 0.54 8.13 0.59 2.07 5.83

Directors
Name Position Start Date
Mr Thomas Troy Blackhurst Chief Executive Officer,Managing Director 04 May 2007
Mr Xinping Liang Chief Operating Officer,Executive Director 04 May 2007
Mr William L Bass Non-Executive Chairman 15 February 2010
Mr Peter Robertson Non-Executive Director 03 July 2008

Management
Name Position
Garry M Edwards Chief Financial Officer,Company Secretary
Damien Kelly Joint Company Secretary

Substantial Shareholders
Holding Name
12,000,000 (8.32%) Guicheng Jia
24,240,000 (16.81%) Thomas Troy Blackhurst
12,000,000 (8.32%) Xinping Liang
12,000,000 (8.32%) Ming Li

Calendar of Events
Date Event
26 February 2014 Report (Interim)
21 August 2013 Report (Prelim)
21 August 2013 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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