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Lynas Corporation Says Qtrly Invoiced Sales Revenue Of A$99.1 Mln
Lynas Signs MoU With City Of Kalgoorlie-Boulder
Lynas Says FY NPAT $80 Mln
Lynas Corporation Limited is engaged in integrated extraction and processing of rare earth minerals, primarily in Australia and Malaysia, and development of rare earth deposits. The Company has a portfolio of aligned assets, which include Mt Weld, which are rare earths mines, located approximately 30 kilometers (km) south of Laverton in Western Australia; Mt Weld Concentration Plant, which is located over 1.5 km from the mine site, and Lynas Advanced Materials Plant (LAMP), which is an integrated manufacturing facility, separating and processing rare earths materials, located in the Gebeng Industrial Estate (GIE) near the Port of Kuantan in Malaysia. The Company's Australian concentration plant is located in Mt Weld, Western Australia. The Company's Malaysian advanced materials plant is located in The Gebeng Industrial Park near Kuantan. Its subsidiaries include Lynas Malaysia Sdn Bhd and Lynas Services Pty Ltd.
East Perth, L 1 7 Tully Rd
Non-Executive Independent Chairman of the Board
Amanda Margaret Lacaze
Chief Executive Officer, Managing Director, Executive Director
Chief Financial Officer
Vice President - Sales and Marketing
Mimi Afzan Afza
Vice President - People and Culture
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Australian rare earths producer Lynas Corp said on Friday it signed an agreement with the outback town of Kalgoorlie to explore a potential initial ore processing site as it tries to soothe concerns in Malaysia about radioactive waste.
* Texas not sole possible location for heavy rare earths plant
Australian rare earths miner Lynas Corp posted a 50% jump in annual profit on Thursday amid record production of major rare earth elements.
* U.S. looks to Australia for rare earths processing capacity
Deep in the Australian outback, rare earths miner Lynas Corp is assessing its options for an initial processing plant, as it looks to soothe concerns in Malaysia about radioactive waste.
Australian retail-to-chemicals conglomerate Wesfarmers Ltd <WES.AX> said on Thursday it would not pursue its proposal to buy rare earths miner Lynas Corp <LYC.AX>.
Australian retails-to-chemicals conglomerate Wesfarmers Ltd said on Thursday it would not pursue its proposal to buy rare-earths miner Lynas Corp .
Malaysia on Thursday renewed the operating licence for a rare earths processing plant owned by miner Lynas Corp for six months with new conditions, an extension shorter than investors and industry analysts had expected.
Malaysia on Thursday renewed the operating licence for a rare earths processing plant owned by Australian miner Lynas Corp for six months with new conditions, ending a dispute over the waste disposal at the site.
Rare earths miner Lynas Corp said on Wednesday the Malaysian government has indicated it will make an announcement on its operating licence there in mid-August.
Malaysia plans to extend Lynas Corp's <LYC.AX> license to operate a rare earths processing plant, though it could be for a shorter duration than the usual three years, two sources with direct knowledge of the matter said.
Malaysia is waiting on Australian miner Lynas Corp's plan to manage low-level radioactive waste from its rare earths processing plant ahead of a license renewal, Malaysian Prime Minister Mahathir Mohamad said on Thursday.
* Malaysia due to announce permit decision mid-August (Recasts, adds detail over licence renewal)
Rare earth producer Lynas Corporation Ltd posted a 4.6% slip in quarterly sales revenue after its decision to reserve output for strategic customers amid softer prices for its product in the quarter.
Australia's Lynas Corp said on Thursday it signed a 10-year loan extension on easier terms with its long-time Japanese backers, increasing its commitment to supply rare earths to Japanese customers.
Australia's Lynas Corp said on Thursday it signed a 10-year extension to a loan agreement with its long-time Japanese lenders, increasing its commitment to supply rare earths to Japanese customers.
* Prices for rare earths have jumped amid Sino-U.S. trade tensions
Lynas Corp on Friday said it was stockpiling production of its major rare earth element, Neodymium Praseodymium, despite a sharp increase in prices lately as rare earths find themselves in the middle of the U.S.-China trade war.
With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials.
Lynas Corp, the only rare earths miner and processor outside of China, sees its several expansion projects as the best option for its customers to tap diversified supplies of the specialized materials, its chief executive said on Thursday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.