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Latrobe Magnesium Limited  

(Public, ASX:LMG)   Watch this stock  
Find more results for ASX: LMG
0.0150
0.0000 (0.00%)
Dec 12 - Close
ASX data delayed by 20 mins - Disclaimer
Currency in AUD
Range     -
52 week 0.01 - 0.03
Open     -
Vol / Avg. 0.00/558,234.00
Mkt cap 18.85M
P/E     -
Div/yield     -
EPS 0.00
Shares 1.26B
Beta     -
Inst. own     -

Key stats and ratios

Q2 (Jun '17) 2017
Net profit margin -180.78% -191.18%
Operating margin -167.50% -182.70%
EBITD margin - -182.59%
Return on average assets -23.57% -23.43%
Return on average equity -24.80% -25.76%
CDP Score - -

Address

SE 307 L 3, 16-20 Barrack St
SYDNEY, NSW 2000
Australia
+61-2-80970250 (Phone)
+61-2-92793854 (Fax)

Website links

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.

Officers and directors

David Oliver Paterson Managing Director, Executive Non-Independent Director
Age: 60
John Robert Lee Company Secretary, Non-Executive Director
Age: 67
John S. Murray Non-Executive Chairman of the Board
Kevin Anthony Torpey Non-Executive Non-Independent Director
Age: 75
Philip Francis Bruce Non-Executive Independent Director