| In 1979, Shell-Billiton and NOM, a Dutch Investment Bank, formed a new company called Magin – Magnesia International. An unexpected discovery provided the incentive for this new venture, during the course of exploratory drilling for gas in the Groningen area, in the north of the Netherlands, Shell encountered a layer of the mineral bischoffite. This unique magnesium chloride deposit would form the basis of Magin’s Dead-Burned Magnesia (DBM) production, which started during 1981. |
| In 1994 the company passed into the hands of a new consortium of shareholders and was renamed NEDMAG INDUSTRIES Mining and Manufacturing B.V., in which NEDMAG stands for Nederlandse Magnesia. At the beginning of 2001, NEDMAG acquired the neighbouring calcium chloride activities, which complemented and consolidated Nedmag’s salt business. Today, Nedmag employs approximately 140 people and sells in excess of 160,000 tonnes of high purity synthetic Dead-Burned Magnesia, more than 70.000 mt of magnesium chloride, in solution and in solid form, and an equivalent quantity of calcium chloride, also in solution and in solid form. |