Abiopharma

Latrobe Magnesium ( LMG) is working to develop a magnesium production plant in Victorias 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 feasibility study has been successfully completed which commercially justifies developing the project. Ordering of the plant is due to start in March 2021, with first magnesium production due eighteen months later.

The plant will be located at the centre of Victorias coal power generation precinct providing direct and constant access to feedstock. The Company has secured an 11 hectare site with 14,000 m^2 of buildings.

Latrobe Magnesium has entered into an MOU with a Japanese company and an offtake agreement with a United States distributor to sell the initial plant 3,000 tpa production and a significant part of its 40,000 tpa expanded plants production. The United States magnesium price is approximately twice the China price mainly due to an anti dumping duty.

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 8,000 tonnes it consumes.

The project is at the forefront of environmental sustainability as it converts 100% of the power plant waste into valuable commodities. The CO2 emissions are some 50% less than comparable plants.

Additional info from OTC:
Latrobe Magnesium ( LMG) is working to develop a magnesium production plant in Victorias 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 feasibility study has been successfully completed which commercially justifies developing the project. Ordering of the plant is due to start in March 2021, with first magnesium production due eighteen months later.

The plant will be located at the centre of Victorias coal power generation precinct providing direct and constant access to feedstock. The Company has secured an 11 hectare site with 14,000 m^2 of buildings.

Latrobe Magnesium has entered into an MOU with a Japanese company and an offtake agreement with a United States distributor to sell the initial plant 3,000 tpa production and a significant part of its 40,000 tpa expanded plants production. The United States magnesium price is approximately twice the China price mainly due to an anti dumping duty.

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 8,000 tonnes it consumes.

The project is at the forefront of environmental sustainability as it converts 100% of the power plant waste into valuable commodities. The CO2 emissions are some 50% less than comparable plants.