January 2020, Refratechnik Holding GmbH entered a purchase agreement with the SIBELCO Group to take over the shares of QMAG Ltd.

With this agreement, the international major producer of high-grade magnesia products, headquartered in the state of Queensland in Australia, will become an important partner in the Refratechnik Group. QMAG owns one of the world's largest deposits of cryptocrystalline magnesite. Mined in the open pit method, the ore is processed into high-quality fused (FM), dead burned (DBM), and caustic calcined (CCM) magnesia in the nearby Rockhampton production site.

The integration of QMAG capacities into the Refratechnik Group will supplement our existing activities and partnerships in the raw materials field in an ideal manner. Apart from supplying our own facilities with raw materials for the production of top quality refractory goods, QMAG makes a decisive contribution for the expansion of our range of products and services in the industrial minerals sector. Consequently, the company alliance of Baymag in Canada, QMAG in Australia, and Haicheng Guozheng in China has turned the Refratechnik Group into a global partner for our customers also for industrial minerals.

Similarly, the alliance has been strengthened even more QMAG's large ore reserves and production capacities, thereby guaranteeing secure supplies for us and our customers for decades. Our common focus on quality and excellence in all fields will also help us to offer our customers the added value they expect from us for their processes.

Expect the best.

Official press release