Alliance Magnesium plans pilot operation in Quebec

Mar 04, 2014 | 01:19 PM | Michael Cowden

Tags  Alliance Magnesium, Joël Fournier, Asbestos, Quebec, automotive, material substitution, chrysotile-asbestos, serpentine rock mine tailings

CHICAGO — Alliance Magnesium Inc. plans to build a pilot magnesium plant in Asbestos, Quebec, as it looks to make "clean magnesium" for the transportation sector.

The Brossard, Quebec-based company said the project could ultimately see investment of Canadian $500 million ($450.4 million) for a commercial plant with a production capacity of 50,000 tonnes per year, according to a March 3 press release.

"The whole world is hungry for magnesium, and we have to seize this opportunity," Alliance Magnesium president and chief executive officer Joël Fournier said in a statement.....

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