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As of 1:36 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

latrobe magnesium ltd (LMG) Snapshot

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09/26/13 - A$0.0080
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01/17/14 - A$0.0040
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latrobe magnesium ltd (LMG) Details

Latrobe Magnesium Limited develops a magnesium production plant using combined hydromet/thermal reduction process in Australia. The company primary holds interest in the Latrobe Magnesium project located in the Latrobe Valley in Victoria. It intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. The company was formerly known as Rambora Technologies Limited and changed its name to Latrobe Magnesium Limited in September 2002. Latrobe Magnesium Limited is based in Sydney, Australia.

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latrobe magnesium ltd (LMG) Key Developments

Latrobe Magnesium Ltd. Announces RWE Concept Study to Concluded the German Magnesium Extraction Project

Latrobe Magnesium Limited has completed the RWE Concept Study which concluded the German magnesium extraction project to be economically viable and worthy of further development. The Project was defined in the study as a magnesium plant producing 40,000 tonnes of magnesium per annum and some 320,000 tonnes of cementitious material. RWE Power AG is part of the RWE Group in Germany and has a confidentiality agreement with LMG to examine the feasibility of extracting magnesium metal from its Hambach mine based on LMG's technology.

Latrobe Magnesium Ltd. Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2013

Latrobe Magnesium Ltd. reported unaudited consolidated earnings results for the six months ended December 31, 2013. For the period, the company reported revenue of AUD 180,308 against AUD 192,901 a year ago. Loss before income tax expense was AUD 315,036 against AUD 298,594 a year ago. Loss attributable to members of the parent entity was AUD 315,036 or 0.04 cents per basic and diluted share against AUD 298,594 or 0.04 cents per basic and diluted share a year ago. The loss was mainly due to the continued activity on the Latrobe Magnesium Project. Net cash used in operating activities was AUD 25,438 against AUD 6,628 a year ago. Payment for property option was AUD 50,000.

Latrobe Magnesium Ltd., Annual General Meeting, Nov 27, 2013

Latrobe Magnesium Ltd., Annual General Meeting, Nov 27, 2013., at 11:00 AUS Eastern Standard Time. Location: the offices of Nexia Australia, Level 16. Agenda: To receive and consider the financial report of the company for the financial year ended 30 June 2013 together with the Directors' Report, Directors' Declaration and the auditor's report; to adopt the remuneration report; to approve re-election of David Paterson as a Director; to consider issue of shares to D O Paterson, K A Torpey, P F Bruce and J R Lee; to approve of 10% placement facility; and to transact any other business.


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