Baotou Changxin Magnesium

Baotou Changxin Magnesium Co., Ltd. ("Baotou Changxin Magnesium")

In February, 2008, we acquired a 51% interest in Baotou Changxin Magnesium. Located in the Inner Mongolia Autonomous Region of the Shi Guai District of Baotou City, Baotou Changxin Magnesium is a producer of magnesium with an annual production capacity of approximately 24,000 metric tons.