The reaction between magnesium ribbon Mg and oxygen O2 to form magnesium oxide ‘MgO’ is a type of combination reaction as here two reactants are combining together to form a single product. The reaction involved is:
2Mg (s) + O2 (g) 🡪 2MgO (s)
The magnesium ribbon burns with a dazzling white flame and changes into a white powder along with the evolution of heat. Hence, this reaction/process is exothermic in nature.