In reply to nadeem:
Magnesium carbonate is the main constituent in chalk; however, some of the cheaper chalks use Silicon Dioxide also known as Silica as a drying agent.
The boring bit: Silicon dioxide is causative of silicosis, a disease more commonly encountered in stonemasons, sandblasters and ceramic workers. Whilst not carcinogenic, Silicon dioxide is fibrogenic. It is both toxic to alveolar macrophages which in response produce cytokines which cause fibroblasts to initiate fibrogenesis.
Nadeem this causes lung restriction not emphysema (destruction of alveoli) resulting in difficulty breathing in. Emphysema causes reduced surface area for gaseous exchange. It is associated with difficulty on inspiration only because it usually presents along with chronic bronchitis which clogs the upper airways. Together this is called COPD.
Hope this helps. If you need a drying agent in your chalk buy the good stuff like metolius superchalk!