:: Agreement for Kouliou Magnesium Project  

Canadian company Magnesium Alloy Corp (MagAlloy) and the government of the Republic of Congo have signed a 'Convention Cadre' on the fiscal environment and operating terms for the Kouliou magnesium project. The project, located at Pointe-Noire, will produce magnesium metal from carnallite brines using processing technology developed and provided by VAMI (Russian National Aluminum and Magnesium Institute), STI (State Titanium Research and Design Institute) and Al Al (Aluminum Alloys & Metallurgical Process LLC), at a design output of 60 kt/y. Production is planned to start by 2007.