Australia's Latrobe Magnesium rises on contract award to Tenova

Latrobe Magnesium

13/09/2022 02:38

** Shares of Latrobe Magnesium Ltd  LMG.AX  rise as much as
6.8% to A$0.094, their highest since Aug 26
    ** Shares rise as the magnesium producer announces the spray
roaster contract to Tenova, an Italy-headquartered firm that
develops cost-reduction solutions for miners  urn:newsml:reuters.com:*:nASXbmHf1H
    ** Adds that contract awarded to Tenova to provide and
install Spray Roaster technologies at co's demonstration plant
in Latrobe valley, Australia
    ** Project is of paramount importance for Tenova, because it
opens positive future perspectives and is in line with our
effort towards achieving a sustainable industry - co
    ** Latrobe stock down 8.3% this year, as of last close
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))