Latrobe Magnesium Welcomes John Collier as its new CFO

Latrobe Magnesium Ltd (ASX: LMG) is set to welcome a new Chief Financial Officer on October 30 as the company advances its efforts to expand operations and establish a magnesium production plant in Victoria’s Latrobe Valley. The plant will utilize the company’s patented extraction process, a world-first in the industry.

John Collier, the incoming CFO, boasts over 35 years of diverse experience in roles such as commercial director, CFO, and company secretary, spanning both private and publicly listed companies. His expertise extends across infrastructure and construction sectors, including toll roads, water projects, metro trains, and professional services.

John Collier brings a wealth of diverse leadership experience to LMG. Over the past six years, he was associated with CPB Contractors, overseeing contracts totaling $4.6 billion in design, engineering, and construction work for prominent projects such as the Sydney Metro’s City and Southwest Project and the Western Sydney Airport.

Before his tenure with CPB Contractors, Collier served as the CFO for Countplus Limited and BDO – Chartered Accountants and Business Advisors, amassing substantial expertise in financial operations, overseeing combined revenues exceeding $200 million.

His professional journey commenced at KPMG, where he worked for 12 years, eventually advancing to the role of Senior Audit and Business Service Manager. Throughout his career, Collier has held various key positions, including his time at The Hills Motorway Limited, where he was responsible for the management, operations, finance, and administration. He also served as CFO and company secretary at Australian Water Services Pty Ltd, a subsidiary of Lend Lease.

Collier’s leadership and skills will prove valuable to LMG as the company embarks on Stage 2 and Stage 3 developments, which are expected to require an investment of around $1.4 billion.

Positioned centrally within Victoria’s coal power generation district, the plant enjoys strategic proximity to essential raw materials, infrastructure, and labor. A subsequent commercial facility, designed to produce more than 10,000 tonnes of magnesium annually, is set to follow.

LMG’s strategic plan includes exporting refined magnesium to customers in the United States through long-term contracts. This move holds significant potential for Australia, which presently imports 100% of the 8,000 annual tonnes of magnesium it consumes.

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