Latrobe Magnesium awards PFS study for 100ktpa magnesium metal plant to Bechtel
2022-07-08 14:24:28 [Print]
Australian-based Latrobe Magnesium on July 7 announced that it has issued a contract covering the pre-feasibility study (PFS) for its second magnesium metal project to global engineering and construction company Bechtel.
This plant, to be built at a yet undecided foreign location, will have a production capacity of 100,000 tonnes per annum and will use ferronickel slag as its feedstock.
The company has finalised discussions with a ferronickel producer for supply of 12 million tonnes of slag over 20 years to feed the plant, and expects to sign a binding MoU with the supplier later this month.
The PFS is expected to be completed later this year, following which LMG will seek potential joint venture partners to participate in the project.
This plant, to be built at a yet undecided foreign location, will have a production capacity of 100,000 tonnes per annum and will use ferronickel slag as its feedstock.
The company has finalised discussions with a ferronickel producer for supply of 12 million tonnes of slag over 20 years to feed the plant, and expects to sign a binding MoU with the supplier later this month.
The PFS is expected to be completed later this year, following which LMG will seek potential joint venture partners to participate in the project.
Magnesium Ingot 99.9%min FOB China
Unit:USD/mt
China's magnesium ingot producers' operating rate statistics by province by month
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