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Latrobe Magnesium Limited  (LMG)

Description: Latrobe Magnesium Limited is engaged in developing the Latrobe magnesium project. The Company is also involved in securing memorandum of understanding (MoU) with Japanese and the United States distributors for the sale of magnesium. The Company has a MoU with RWE Power AG to continue to develop a magnesium plant capable of producing approximately 30,000 tons per annum of magnesium from brown coal fly ash from its Hambach mine near Cologne, Germany. The Company's plant will be located in the Latrobe Valley in Victoria, Australia. The Company intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. The Company intends to make a supplementary cementitious material (SCM) from the Latrobe Valley brown coal fly ash. The Company's plant will use an extraction process of combined hydromet/thermal reduction to extract the metal. The Company intends to sell the refined product to Australian, Japanese and American users.


Keywords: Cement Chemical Substances Concrete Coal Waste Food Additives Magnesium Fly Ash Power Generation Refined Product Environmental Impact Of The Coal Industry Company's Plant Latrobe Magnesium Metal

Home Page: www.latrobemagnesium.com

LMG Technical Analysis

Lord Abbett Research Fund Inc
,

Phone: 888-522-2388


Officers

Name Title
Mr. David Oliver Paterson CEO & Exec. Director
Mr. John Robert Lee Company Sec. & Non-Exec. Director
Mr. Ronan Gillen Chief Operating Officer
Mr. Jim Siemon Technical Director
Mr. D. Stewart Technical Consultant

Exchange: AU

Country: AU

Currency: Australian Dollar (A$)

GIC Sector: Materials
GIC Group: Materials
GIC Industry: Metals & Mining
GIC Sub-Industry: Diversified Metals & Mining
Forward PE: 0
Trailing PE: 0
Price-to-Book MRQ: 5.07
Price-to-Sales TTM: 510.1186
IPO Date:
Fiscal Year End: June
Full Time Employees: 0
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