Magontec Limited (MGL) is an Australia-based holding company. The principal activities of the Company were manufacturing and selling generic and specialist magnesium alloys; manufacture and distribution of magnesium and titanium cathodic corrosion protection products (anodes); researching and developing new magnesium alloys and technologies; research and development of cathodic corrosion protection products (CCP), and creating markets for new magnesium alloys and technologies by supporting demonstration trials and programs for developing new applications. The Company operates in two segments: Corporate/Head Office and other operating activities. The principal operating activities include magnesium alloy production, magnesium alloy recycling and cathodic corrosion product. The Company�s subsidiaries include Advanced Magnesium Technologies pty Limited (AMT) and Varomet Holdings Limited (VHL).