Magnetic Resources NL announced the appointment of Mr. Hian Siang Chan as a non-executive director. Mr. Chan is the founder, Executive Director and CEO of SP Chemicals Pte Ltd. He is responsible for and instrumental in the establishment of SP Chemicals' Taixing plant in Jiangsu Province, PRC. Mr. Chan is also an Executive Director of SP Chemicals parent company, Asiawide Holdings Pte Ltd.