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Magnus owned Magnus Mining, and made three critical ore strikes around the world before his offices were broken into and destroyed for maps to their locations. He received a call from Ferenc Kress, telling him that he had a video tape with the maps recorded on them, and that he would sell it to him for 100,000 pounds. Magnus agreed and made his way to the agreed location, where Kress informed him that he now planned to auction off the tape to other mining companies, who would gladly pay more. Upset by this, Magnus pulled a gun on Kress, but they were interrupted by James Bond, who held them both at gunpoint and turned them in to the police.