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Latrobe Magnesium (LMG) is building on the successful production of Magnesium Oxide, validating our patented hydromet process. This significant milestone now allows LMG to focus on the completion of its demonstration plant and sets the stage for our ambitious plans to develop a commercial plant with a capacity of 10,000 tonnes per annum (tpa) of magnesium by 2026.
To support our Stage 2, 10,000tpa Commercial Plant in Latrobe Valley, Victoria, we have appointed Societe Generale as Sole Coordinator, Structuring Bank, and Mandated Lead Arranger for financing. With their award-winning expertise in mining and metals projects globally, Societe Generale is the perfect partner to help LMG achieve its goals.
John Collier, LMG’s Chief Financial Officer, expressed his enthusiasm: “We are thrilled to announce the appointment of Societe Generale as our partner with respect to the debt financing of our Stage 2 Commercial Plant. Their dedicated team, with extensive experience across financing development projects, is a very strong testament to the quality of the project and the works completed to date, and positions us very well to deliver a great project result for all stakeholders.”
To enhance project efficiency and accelerate technical outcomes, our Strategic Supplier Program (SSP) allows us to partner with top suppliers in equipment, technology, and more, ensuring direct input into our Stage 2 Commercial Plant’s design and Feasibility Study (FS) completion.
Our SSP participants include:
This collaboration promotes transparency, innovation, and optimal resource allocation, setting us up for long-term success. Brett Trigger, LMG's Procurement & Contract Manager, remarked, “It is rewarding that each of these companies see the value to continue partnering with LMG. All these organisations have and/or continue to provide outstanding capability and service to LMG on our Demonstration Plant project. The SSP program will undoubtedly place the emphasis on real-world outcomes and save time and cost for all parties concerned.”
We are also making significant strides in Stage 3 of our project. LMG CEO, David Patterson, and COO, Ronan Gillen, recently met with Roger Chan, President of the Sarawak-Australia Business Chamber (SABC), and Malaysian Prime Minister the Honourable Anwar Ibrahim during the South-East Asian Nations (ASEAN) summit in Melbourne. Both leaders expressed strong support for our ongoing Stage 3 project.
During the 2024 ASEAN summit, LMG’s COO Ronan Gillen and Procurement and Contracts Manager Brett Trigger met with the Honourable Minister Tengku Zafrul Aziz, YBrs. Puan Mastura Binti Ahmad Mustafa - Deputy Secretary General Of The Ministry of Investment, Trade and Industry (MITI), and Lim Bee Vian, Deputy CEO of the Malaysian Investment Development Authority (MIDA).
While our immediate focus remains on Stage 1, we are setting in motion advancements on LMG’s Stage 3 - 100,000tpa Magnesium Mega Plant using ferro nickel slag feedstock in Malaysia, ensuring sustainable magnesium production growth long-term for greater global stability.
The political agreement on the Critical Raw Materials Act strengthens Europe's open strategic autonomy and safeguards industries.
Through this legislation, domestic mining, processing, and refining capabilities will be bolstered while promoting increased recycling and collaboration with partners to diversify external sources.
LMG projects play a crucial role in this safeguarding and diversification, as magnesium is a critical material essential for driving the Green Transition.
Read more here: https://ec.europa.eu/commission/presscorner/detail/en/ip_23_5733
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