Ann: Dividend Policy, page-58

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Capybara

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25/04/23

15:31

Post #: 67443587
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Originally posted by rocket973: ↑

Interesting to see that an EX OMH Director Mr Peter Church has joined LMG who plan a 100,000 magnesium plant in Sarawak. OMH may need more FeSi furnaces to cope with extra demand.

Latrobe Magnesium Limited strengthens Board with New Appointment for its 100,000tpa Malaysian Plant The Board of Latrobe Magnesium Limited (ASX:LMG) is pleased to announce the appointment of Peter Church as a Non-Executive Director effective 24 April 2023. Peter will also assume the role of Independent Chairman of LMG’s wholly owned subsidiary, Latrobe Magnesium Sarawak Sdn Bhd, which will develop the 100,000tpa magnesium plant in Sarawak.

Most importantly Peter served as a Director of OM Holdings Limited (OMH) for a period of 10 years which included the development and then operation of its Sarawak smelter operations. Peter retired from that role in 2021.
His experience gained from developing OMH’s activities in Sarawak will be of great advantage to LMG. OMH is a major ferrosilicon producer, based in the Samalaju Industrial area, and LMG is a potential large customer of its products, both in Australia and Malaysia. It is located only 5kms from LMG’s proposed Samalaju site. Peter brings a breadth and depth of leadership, corporate advisory, legal and directorship experience in ten South East Asian countries, in particular Malaysia and the State of Sarawak. Peter was awarded the Medal of the Order of Australia in 1994 by the Australian Government for promotion of business between Australia and South East Asia. He is a Fellow of the Australian Institute of Directors. Peter graduated from NSW University with a Bachelor of Commerce, Sydney University with a Bachelor of Commerce, Master of Law from University of London. Peter provides a depth of operating expertise to complement LMG’s skill-based Board for its proposed 100,000tpa magnesium plant in Malaysia.

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really have no idea what these people can do for smelters like OMH and LMG. No operational background as far as i can see, what's the point really?

OMH Price at posting: 67.5¢ Sentiment: Buy Disclosure: Held
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