We present a study on the structural, spectroscopic, conducting,
and
magnetic properties of Mg5C60, which is a two-dimensional (2D)
fulleride polymer. The polymer phase is stable up to the
exceptionally
high temperature of 823 K. The infrared and Raman studies
suggest the
formation of single bonds between the fulleride ions and
possibly
Mg-C-60 covalent bonds. Mg5C60 is a metal at ambient
temperature, as
shown by electron spin resonance and microwave conductivity
measurements. The smooth transition from a metallic to a
paramagnetic
insulator state below 200 K is attributed to Anderson
localization
driven by structural disorder.