China Magnesium Corporation Limited at the Annual General Meeting held in Brisbane the company updated shareholders regarding activities which have CMC well positioned for growth into 2017. CMC has successfully procured 2 tenements at Greenbushes, WA with an exploration permit already approved for one tenement. The sustained improvement in magnesium price is expected to continue in the medium term. Accordingly, requisite preproduction testing of the Pingyao plant has been completed and furnace preheating commenced with output of ingot expected late 2016 /early 2017.