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Latrobe Magnesium Moves to Bankable Feasibility Study
Oct. 17, 2011 10:23PM PST
Critical Minerals InvestingSteel Guru reported that Latrobe Magnesium Limited (ASX:LMG) in association with GHD Private Limited, Clark & Marron Private Limited and Beijing Tieforce Engineering Company Limited has finished a Pre Feasibility Study of a plant which is capable of producing 10,000 tonnes of magnesium per year at the Latrobe Valley’s Hazelwood power station.
Steel Guru reported that Latrobe Magnesium Limited (ASX:LMG) in association with GHD Private Limited, Clark & Marron Private Limited and Beijing Tieforce Engineering Company Limited has finished a Pre Feasibility Study of a plant which is capable of producing 10,000 tonnes of magnesium per year at the Latrobe Valley’s Hazelwood power station.
As quoted in the market news:
The Study estimates that LMG will employ 120 to 133 workers in its first production stage. This number could increase to 350 to 400 employees when the plant is expanded to full capacity of 40,000 tonnes per annum. LMG is investigating an automation alternative that may reduce these estimates.
As well as converting waste into valuable commodities, the proposed LMG plant will have a much lower carbon dioxide footprint than current technology, through:
1. The use of a feedstock that is composed of MgO and not MgCO3;
2. The use of natural gas as its primary power source;
3. The sequestration of CO2 in the hydromet process and
4. The production of cement with minimal processing.
