Tata invests in Chinese magnesite

摘要

TATA REFRACTORIES LTD (TRL), part of India's Tata Group, is signing a memorandum of understanding to acquire a lease for a magnesite mine in Bayuquan, Liaoning, northeast China, to ensure supply to its Chinese production plants. The mine, near TRL's existing 64,000 tpa refractories plant at Bayuquan, still needs exploration work and will be operated under a newly formed company. It is also part of TRL's strategy to include raw materials into its operation.