Latrobe Magnesium - turning residual ash into useful magnesium metal

Smart Efficient and Environmentally Responsible

 

COMPANY SUMMARY

 

Latrobe Magnesium (LMG) is working to develop a magnesium production plant in Victoria's Latrobe Valley using a world-first process of combined hydromet / thermal reduction. Using a patented extraction process the magnesium plant will harvest magnesium metal from industrial fly ash a waste stream from brown coal power generation.

 

A pre-feasibility study has been successfully completed and a bankable feasibility study to commercially justify the new technology will commence after completion of the adjustment study. Construction of the plant is due to start in 2014, with first magnesium production due in 2015.

 

The plant will be located at the centre of Victorias coal power generation precinct providing direct and constant access to feedstock.

 

Latrobe Magnesium will sell the refined magnesium product under long-term contracts to Australian and American users. Demand for magnesium worldwide is strong. It has the best strength-to-weight ratio of all common structural metals and is increasingly used in the manufacture of car parts, laptop computers, mobile phones and power tools.

 

Australia imports 100% of the 10,000 tonnes it consumes and Latrobe Magnesium will sell into the 806,000 tonnes annual global market, which offers a 10% premium to non-China suppliers. The project is at the forefront of environmental sustainability as it converts power plant waste into valuable commodities.

 

INVESTMENT HIGHLIGHTS

 

       Minimum 20 year plant life at full production available from Latrobe Valley fly ash.

       RWE fly ash bigger than the Latrobe Valley fly ash.

       806k tonne annual worldwide magnesium consumption & 10% premium for non-China suppliers.

       World-first magnesium extraction process from fly ash.

       Soon to begin bankable feasibility study.

       Production facility due for completion in 2015.

       Increased demand for magnesium in car parts manufacturing: light weight and strong.

       Environmentally sustainable venture:  low CO emitter/ recycling an industrial waste product.

 

 

For news on the Magnesium Industry click here: http://www.magnesium.com

 

 

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This page updated: 22/01/2013