Company
ASX:LMG
Latrobe Magnesium Ltd (ASX:LMG) is developing an innovative production process to extract magnesium metal and valuable by-products from magnesium-rich waste feedstocks. Its Latrobe Valley demonstration plant project will process almost 100% of fly ash into valuable products including magnesium metal, supplementary cementitious material (SCM), silica, char, iron oxide and calcium carbonate. LMG's low CO2 process can address potentially hazardous waste stockpiles and produce valuable products with downstream environmental benefits.
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The project is at the forefront of environmental sustainability as it converts 100% of the resource into valuable commodities, and does so using 50% of the emissions of other magnesium plants.
The ferro-nickel waste product will feed the company's 100,000-tonne-per-annum magnesium plant and has been found to produce more magnesium than brown coal fly ash.
Blackburn has extensive experience in complex environmental law and has represented Australian states and federal governments and local and international legal entities for more than 20 years.
Bechtel will support a two-part study to evaluate strategic investment options to maximise the project’s value as well as to further define the selected option to assist LMG in developing a business case and forward work plan for the feasib
This drawdown allows the company to enter into agreements for the supply of long-lead capital items, including the spray roaster and furnaces.
The company expects to award supplier contracts within the next fortnight for the commercial-scale plant, which will be one of the magnesium industry’s lowest carbon emitters in the world.
Michael provides a depth of engineering expertise to complement LMG’s skill-based board.
The company is targeting to complete the construction of the demonstration plant by 2023.
Latrobe's demonstration plant development is progressing well, made more relevant by magnesium supply shortages caused by Chinese policy crackdowns. The company has moved to bring forward expansion of the production plant, due to the curren
Depending on the timing and amount of research and development (R&D) tax refunds, the effective interest rate on the project finance facility to October 31, 2023, may be closer to 10%.
The company is now fully funded to construct its plant in the Latrobe Valley and prove its patented technology and has its sights set on the American and Japanese markets.
The site is close to rail, freeway, gas and water pipelines, as well as a new solar power development passed by the Latrobe City Council and which is in the permitting stage with the Victorian State Government.
The company intends to extract and sell magnesium metal and cementitious material from industrial fly ash, which is a waste stream from the Yallourn brown coal power generation, using its world-first patented extraction process.
If the current magnesium price holds, LMG’s EBITDA estimate for its planned 10,000 tonnes per annum Latrobe Valley plant will increase by around A$56 million.
“The war between the big four banks and the buy now pay later (BNPL) space heated up this week as Afterpay released its new money app, which is targeting Gen Z and millennials, and is another step forward in Afterpay becoming more like a ba
The capital will help fund the construction of an initial 1,000 tonnes per annum magnesium plant in the Latrobe Valley during the first quarter of 2022, which will increase capacity to 10,000 tonnes by the end of 2023.
The revitalised demonstration hub will generate 10 times its initial magnesium output every year.
The patent follows India’s commitment to reduce greenhouse gas emissions in car and power generation industries.
Latrobe Magnesium Ltd (ASX:LMG) has been granted an Indonesian patent for its unique hydrometallurgy process to produce magnesium metal from industrial fly ash.
