Latrobe Magnesium Limited
Latrobe Magnesium Limited
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
Latrobe Magnesium has lined up an Americas sales route for the expanded output of its magnesium production plant now under construction in Victoria, Australia through an exclusive distribution agreement with global manufacturer and trader Metal Exchange Corp.
The new deal updates their existing 2019 agreement to match LMG’s plan to grow the 1,000tpa demonstration plant to a 10,000tpa commercial production facility.
Australian company Latrobe Magnesium is staying with international technology company Tenova to supply and install spray roaster systems at its 1,000tpa magnesium metal demonstration plant in the Latrobe Valley, Victoria.
The selection of Tenova for the world’s first patented hydrometallurgical extraction and thermal reduction process plant builds on its initial early engineering works contract awarded in June.
Australian innovator Latrobe Magnesium has lined up a major feed source for its proposed 100,000tpa magnesium plant in Victoria through a binding MoU with New Caledonian producer Société Le Nickel to supply 450,000tpa ferro-nickel slag for 20 years.
The PFS by global engineer and project manager Bechtel is due this month on the planned Latrobe Valley plant, which will require feedstock of about 600,000tpa. Latrobe is also holding discussions with potential JV partners.
Construction of a $A50M demonstration plant for Australian processor LMG’s innovative process to extract magnesium from fly ash is on track for the March 2023 qtr after finalising its $23M project loan from specialist early stage debt funding specialist RnD.
The plant now under construction at Hazelwood North in Victoria will process waste fly ash from brown coal power generation to deliver 1,000tpa magnesium.
Australian mineral processing innovator Latrobe Magnesium expects to complete funding arrangements in the Sept qtr after awarding the EPCM contract to engineer Mincore for a $A50M, 3,000tpa demonstration plant at Hazelwood North in Victoria.
The plant will utilise LMG's world-first hydrometallurgical extraction/thermal reduction process to extract magnesium metal from magnesium rich resources, in this case the fly ash waste stream from brown coal power generation.
Latrobe Magnesium (LMG) expects to begin construction of its initial $A54-$56M, 3,000tpa magnesium plant in the Latrobe Valley, Victoria, Australia, in Dec 2019.
Plans are to expand production of magnesium metal/cementitious material from industrial fly ash, a waste stream from brown coal power generation, to 40,000tpa. LMG has an MoU with EnergyAustralia Yallourn P/L for the supply of ash from its landfill to the 3,000tpa plant, sufficient for over 10 years’ production at 40,000 tpa.
Magnesium extraction process developer LMG aims to complete feasibility studies by mid-2019 on production plants in Australia and Germany after negotiating $A2.15M debt facilities from research and development finance specialist RnD Funding
LMG is preparing for the start of construction in May 2017 after completing a successful PFS for its proposed 3,000tpa magnesium plant in the Latrobe Valley of Victoria, Australia.
The company has begun further negotiations on rights to access ponded brown coal fly ash from Hazelwood Power's about-to-close Latrobe Valley power station to supply the 3,000tpa plant. The Hazelwood ash dams contain sufficient fly ash to feed a 40,000tpa magnesium plant for over 20 years.
The Australian government is set to provide about $A20.7M over three years towards the $46M cost of an experimental magnesium metal plant in Victoria's Latrobe Valley.
Reprocessor LMG is also seeking up to $10M from the Victorian state govt for the project, which aims to extract magnesium metal and cementitious material from industrial fly ash, a waste stream from the region's brown coal power generation.
LMG has raised $A1M in a placement to sophisticated investors at $0.026ps, and plans to follow it with an $0.5M share purchase plan at the same price for the bankable feasibility study on its Latrobe Valley magnesium project in Victoria, Australia.
The offer comes after LMG secured magnesium offtake agreements with Japanese and American clients and a growth opportunity with the German-based RWE project.