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.
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 |