Lynas Corporation Ltd.
Wednesday, February 01, 2012
February 2, 2012 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) confirms that Malaysia’s Atomic Energy Licensing Board (AELB) has announced its approval of the temporary operating licence (TOL) for the Lynas Advanced Materials Plant (LAMP) in Gebeng, Malaysia. The TOL has been referred to in recent correspondence as the “pre-operating licence”. The TOL will be
Tuesday, January 31, 2012
January 31, 2012 (Source: Lynas) -- HIGHLIGHTS The Lynas Advanced Materials Plant (LAMP) construction project in Malaysia achieved6,660,000 hours Lost Time Injury (LTI) free as at the end of 2011. Subsequent to the endof the reporting period, the project has now reached more than 7,000,000 hours LTI free. The Mount Weld Concentration Plant in Western Australia continues
Continue reading "Lynas Corporation: Quarterly Report For The Period Ending 31 December 2011" »
Friday, January 27, 2012
January 25, 2012 (Source: Lynas) -- Lynas Corporation Limited (ASX: LYC) will hold a conference call to discuss the Quarterly Report forthe period ending 31 December 2011 that is due to be lodged with the ASX by 31 January 2012.There will be a QA session at the end of the call. Details of the call are noted
Continue reading "Lynas Quarterly Report Investor Relations Call" »
Wednesday, January 25, 2012
January 24, 2012 (Source: Lynas) -- HIGHLIGHTS *US$225 million to be raised through convertible bonds issue secures long-term lowcost funding and enables retirement of unused working capital facility*New strategic cornerstone investor*Updated construction timetable and Phase 1 completion costs*First feed to kiln and first production in Q2 2012, subject to regulatory complianceand issuance of the pre-operating licence in
Wednesday, January 18, 2012
January 18, 2012 (Source: Lynas) -- Highlights *The Mineral Resource estimate for Mount Weld is now 23.9 million tonnes, at an averagegrade of 7.9% REO, for a total of 1.9 million tonnes REO. This represents a 37% increaseversus the previous Resource estimate announced in September 2010 and a 34%increase in contained REO. This Resource is comprised of
Tuesday, January 17, 2012
Lynas Corp.’s (ASX: LYC) Mount Weld project in Western Australia represents one of the world’s richest rare earth deposits. The company plans to process the ore extracted from Mount Weld at its AU$220 (US$235) million facility in Kuantan, Malaysia. Before this can be done however Lynas must receive a temporary operating licence from the Malaysian Atomic Energy
Continue reading "Update on the Launch of Lynas’ Rare Earth Refinery in Malaysia" »
Thursday, January 05, 2012
January 5, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) confirms that it has completed allrequirements for the application to the Malaysian Atomic Energy Licensing Board (AELB) for atemporary licence for the Lynas Advanced Material Plant (LAMP), in Gebeng, Malaysia. Thetemporary licence has been referred to in recent correspondence as the “pre-operating licence”. On January
Continue reading "Temporary Licence Application for Lynas Advanced Materials Plant " »
Saturday, December 24, 2011
December 23, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is pleased to announce that a letterof award has been issued to Abesque Engineering Ltd for the Engineering, Procurement,Construction and Commissioning Contract for Phase 2 of the Mt Weld concentration plant inWestern Australia.The letter of award is for a lump sum contract in the amount
Continue reading "Letter of Award Issued for Lump Sum Phase 2 EPC Contract for Mt Weld" »
Monday, December 05, 2011
November 30, 2011 (Source: Lynas) -- In accordance with Listing Rule 3.13.2 of the Australian Stock Exchange Stock Exchange Limited and Section 251AA of the Corporations Act 2001 thefollowing are details of the outcome of the resolutions put to the Annual General Meeting of the Company held today: Proxy Votes In respect of each resolution the total
Continue reading "Outcome of Annual General Meeting held 30 November 2011" »
Friday, November 11, 2011
Breaking down the coterie that’s known as rare earth elements means taking it a wee bit further than simply defining them as lights and heavies. Once you break them down into 15 or 17 separate components, it shines a light on some of the dynamics of the market and what China may be doing with the supply
Continue reading "China and a Game Called Supply and Demand" »
Thursday, November 10, 2011
Lynas is currently dealing with a Malaysian headache but now finds itself with a prickly thorn in its paw called Malawi, a landlocked African country that’s become a focal point for rare earths exploration. So much of a hot spot, in fact, that China is – vulture-like – on the ground, hungry, looking for something wounded, something
Tuesday, November 08, 2011
And so it begins – in earnest. Malaysia’s international trade and industry minister accused Lynas this week of “jumping the gun” and failing to engage transparently with residents living near its soon-to-be-complete Kuantan-based advanced materials plant. The locals oppose the project due to fears of radiation pollution. That’s according to a Malaysian Insider interview with Minister Datuk
Tuesday, October 25, 2011
October 25, 2011 (Source: Lynas) -- Lynas Corporation Limited (ASX: LYC) will hold conference calls to discuss the Quarterly Report for the period ending 30 September 2011 that is due to be lodged with the ASX on 31 October 2011. There will be a QA session at the end of the calls. Details of the calls are
Continue reading "Lynas Quarterly Report Investor Relations Calls" »
Wednesday, October 19, 2011
October 19, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is aware of the Dow Jones headline dated today “Lynas Corp Hasn’t Been Granted License to Import Rare Earth Ores into Malaysia – Govt.” As far as Lynas is aware, no decision has been made as yet by Malaysian authorities concerning the pre-operating license and
October 19, 2011, Sydney (Source: ft.com) -- When Nick Curtis was invited to the World Economic Forum in Davos this year, there was one topic that political and corporate chiefs wanted him to address. How could the world guarantee a steady supply of rare earths, the 17 elements crucial for many of the electronics used in everyday
Continue reading "Lynas Plays Down Fears of China Rare Earths Plot" »
Monday, September 26, 2011
And the rare earth hits just keep coming. Let’s ignore the fact that Lynas shares fell another 19% overnight Down Under and that Molycorp is down 9% Monday or off 40% in the past five days. Investors have been busy liquidating positions across the board – oil, potash, copper, gold, rare earths, silver, you name it. Short
Continue reading "Western REE Companies — Cash and Those Balance Sheets Really Matter Now" »
Friday, September 23, 2011
September 22, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is pleased to announce that final documentation has now been executed for the working capital debt facility that was announced in the Lynas Quarterly Report for the period ending 30 June 2011. This facility is for an amount of A$125 million and has a tenor
Continue reading "Working Capital Debt Facility – Documents Executed" »
September 22, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is pleased to announce the appointment of Kathleen Conlon as a Non Executive Director of the Company, effective from 1 November 2011. Ms Conlon is currently a non-executive director of CSR Limited and REA Group Limited. She also serves on the NSW council of the
Continue reading "Appointment of Kathleen Conlon as a Non-Executive Director" »
September 23, 2011 (Source: Sydney Morning Herald) -- Australias largest rare earths miner Lynas Corporation has posted a 33 per cent jump in full year losses following a year blighted by controversy. Public protests this year prompted an investigation by the International Atomic Energy Agency (IAEA) into whether the Lynas rare earth refinery in Malaysia presented radioactive
Thursday, September 22, 2011
September 22, 2011 (Source: perthnow.com.au) -- Rare earths miner Lynas Corporation was forced to reveal its $57 million loss for the 2011 financial year as its shares plunged by nearly 18 per cent. Yesterday shares in the company,which opened its WA-based Mt Weld mine in May, fell 26 cents to $1.20 from Tuesday’s closing price. There was
Continue reading "Rare Earths Miner Lynas Corporation Reveals $57m Loss After Share Slump" »
Friday, September 02, 2011
September 2, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is pleased to announce the signing of a new long term supply agreement with BASF Corporation (BASF) for the supply of Rare Earths to be produced at the Lynas Advanced Materials Plant (LAMP) in Malaysia. BASF’s Fluid Catalytic Cracking business consumes lanthanum and the contract
Continue reading "Lynas Signs New Customer Contract with BASF Corporation" »
Saturday, August 06, 2011
August 5, 2011 (Source: Lynas Corporation) -- Lynas Corporation Limited (ASX: LYC) will hold conference calls to discuss the Quarterly Report for the period ending 30 June 2011 that was lodged with the ASX on 28 July 2011. There will be a QA session at the end of the calls. Details of the calls are noted below.
Continue reading "Lynas Quarterly Report Investor Relations Calls" »
Tuesday, August 02, 2011
August 2, 2011 (Source: The Australian) -- Five years ago, a junior Australian resource company, Lynas Corporation, championed an obscure minerals group known as rare earths. While attracting a similar price per tonne to copper, the market for rare earths was only one-twentieth its size and dominated by China. These dynamics gave Lynas few success stories to
Continue reading "Hazy prospects for new rare earths listings" »
Monday, July 11, 2011
Australian REE frontrunner Lynas Corp. has issued a Schedule Clarification on their upcoming Kuantan ore processing plant site. Given the confusion surrounding the IAEAs recommendations, and the list of improvements that they suggested, Lynas has been issuing regular statements intended to cut through some of the rampant speculation thats out there. Malaysia’s Ministries of International Trade and
Continue reading "Lynas Issues Schedule Clarification on Malaysia Plant" »
Thursday, July 07, 2011
July 7, 2011 (Source: Lynas) -- The German Siemens Drive Technologies Division and the Australian Lynas Corporation Limited (“Lynas”) (ASX: LYC, OTC: LYSDY) have signed a letter of intent (“LOI”) to establish a joint venture company for the sustainable production of neodymium based rare earths magnets to serve Siemens’ production requirements for energy-efficient drive applications and wind-turbine
Continue reading "Siemens and Lynas to form a joint venture for magnet production" »
Friday, July 01, 2011
July 1, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) wishes to clarify the potential delay to the commissioning and start-up of the Lynas Advanced Materials Plant in Kuantan, Malaysia (LAMP) as a result of the International Atomic Energy Agency (“IAEA”) recommendations announced by the Malaysian Government on 30 June 2011 due to confusion within
July 1, 2011 (Source: AustralianMining) -- Lynas Corp has been told to lift the safety standards at its Malaysian rare earths processing plant. The International Atomic Energy Agency (IAEA) has recommended increased safety measures for the refinery. It began an investigation in May to uncover whether the refinery emits radioactive pollution.The report was released in June. According
Continue reading "Increase safety measures at Lynas rare earths plant, IAEA say " »
Monday, June 20, 2011
June 20, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) wishes to update shareholders with respect to an article by Datuk Seri Mustapa Mohamed, Malaysia’s Minister of International Trade and Industry, which appeared in the Malaysian press on 19 June 2011. The Minister’s article is as follows. “Lynas project: Public safety to be priority, says
June 20, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) wishes to update shareholders with respect to the independent technical review being conducted on the Lynas Advanced Materials Plant (LAMP) currently under construction in the Gebeng Industrial Estate, near Kuantan, Malaysia. In the first week of June, the IAEA concluded the independent expert mission to
June 20, 2011 (Source: Lynas) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is pleased to announce the commissioning of the Mount Weld Concentration Plant is progressing well. All units of the Concentration Plant, from the ore feed through to the concentrate bagging unit have been commissioned in accordance to plan. This is an important milestone for the
Continue reading "Mount Weld Concentration Plant Commissioning Update" »
Sunday, June 05, 2011
Sydney, ASW -- Rather incredulous that I haven’t seen a Starbucks in two days and making due with my coffee being prepared with a tea bag at the Westin, it’s 3AM and am fully rested. Sitting here reviewing The Australian weekend edition, am reviewing a story headline with photos of Malaysian children seeking asylum on page 1
Wednesday, May 11, 2011
Lynas Corp. just can’t stop making headlines of late. In addition to the protests in Kuantan and recent reports of UN/IAEA scrutiny, now they’ve been forced to abandon their proposed sale of the Crown and Swan deposits adjacent to their Mt. Weld site in Western Australia to Forge Resources. The deal, which was agreed upon in March,
May 11, 2011 (Source: SMH) -- Lynas Corporation has bowed to shareholder pressure, abandoning the contentious sale of a rich rare earth and metals deposit to a related party, Forge Resources, just weeks after directors recommended shareholders vote in favour of the deal.The deals dramatic collapse means the executive chairman of Lynas, Nicholas Curtis - who is
May 11, 2011 (Source: Yahoo News) -- Rare earths hopeful Lynas has been forced to abandon plans to sell its Crown and Swan deposits at Mt Weld to related party Forge Resources for $20.7 million.Lynas conceded in a statement its major shareholders were largely opposed to the deal.Given the uncertainty of Lynas shareholder support in relation to
Thursday, May 05, 2011
May 5, 2011 (Source: The Australian) -- Rare earths prices are expected to continue their extraordinary rise in the next 18 months before some softening from 2013, sending shares in leading producer Lynas Corporation soaring.In a note to clients yesterday, Goldman Sachs said the supply of rare earths would remain severely constrained until at least 2013, which
Continue reading "Lynas shares soar as rare earths continue to shine" »
Tuesday, May 03, 2011
On the NY Times homepage today there is a headline article in the Business section about REEs. Supplies Squeezed, Rare Earth Prices Surge, begins with the sentence “Rare earth prices are reaching rarefied heights”, and goes on to discuss a wide range of topics pertaining to REE markets, including: spectacular price escalation Neodymium usage in Prius (Priuses?
Monday, April 25, 2011
April 22, 2011 (Source: NPR) -- Malaysia said Friday it is appointing international experts to investigate whether a refinery being built by Australian miner Lynas Corp. Ltd. to process rare earth minerals presents any threat of radioactive pollution.The plant in Malaysias central Pahang state could become the first such facility outside China in years. Officials say it
Continue reading "Malaysia Reviews Safety Of Rare Earth Plant" »
April 25, 2011 (Source: The Australian) -- Rare-Earths miner Lynass plans for a processing plant in Malaysia have been thrown into doubt as local authorities review the proposal in light of concerns about radiation pollution.The Malaysian government has announced it will create a panel of independent international experts to review the $US220 million ($205m) plant Lynas is
Continue reading "Protests threaten Lynas's Malaysian rare-earths plant" »
Tuesday, March 29, 2011
March 29, 2011 (Source: Reuters) -- The commodities are almost exclusively produced by China, which unnerved global powers last year by threatening to restrict exports to help it settle political scores.Grain Malunga, Malawis minister of natural resources, said the country has awarded exclusive rare earths exploration licences to five foreign companies over the past three years, including
Continue reading "Malawi gearing up to produce rare earths" »
Monday, March 28, 2011
March 28, 2011 (Source: The Australian) -- Rare earths miner Lynas Corporation said an independent expert has recommended a deal to sublease designated areas within its mining leases to resources and energy explorer Forge Resources.The expert appointed by Lynas said the proposed transaction is fair and reasonable to the shareholders of Lynas, in the absence of a
Continue reading "Independent expert backs Lynas's deal with Forge" »
Wednesday, December 29, 2010
December 29, 2010 (Source: Lynas Corp) -- Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) notes that The Ministry of Commerce of the People’s Republic of China has released 14,446 tonnes of approved Rare Earths export quota for the first half of 2011. The total export quota for 2011 will be unknown until approximately July 2011 when the Ministry
Continue reading "Chinese Rare Earths Export Quota Reduced For First Half of 2011" »
Monday, November 29, 2010
Would like to thank our Australian sources for sending us the Rare Earth Round Table Discussionrecorded on November 19, 2010.The Rare Earth Round Table discussion involves Ian Chalmers (Alkane), Nick Curtis (Lynas Corporation), Wesley Legrand (Grand Private Equities) andGavin Lockyer (Arafura) and An outstanding discussion between Australian leaders in the rare earth industry, we have a new
Continue reading "Australian Rare Earth Round Table Discussion." »
Wednesday, November 24, 2010
November 24, 2010 (Source: AAP, with Reuters) -- Lynas Corporation Ltd says it is will secure up to $US250 million ($A257.41 million) in funding with the help of a major Japanese trading house to expand production and ensure additional supplies of rare earth products for the Japanese market. Lynas, a minerals explorer and developer, and trading house
Monday, October 25, 2010
“There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle.” -- Albert Einstein Preparing research and market analysis for theCritical Rare Metals Summitin DC this week, and specifically for thepanel on Equity and Investment Banking Perspectives some impressive conclusions stood out that I
Friday, October 08, 2010
Jack Lifton I recently had a private discussion on the merits of a number of rare-earth mining ventures, and how the proposed size of each project (in terms of tonnage in the ground and / or production rate) might affect the overall probability of success. While we agreed on a number of the points discussed, our overall
Continue reading "The Goldilocks Mining Principle: Right-Sizing Rare-Earth Mining Ventures" »
Friday, October 01, 2010
September 29, 2010 -- (Source: Bloomberg) -- Lynas Corp., building a A$550 million ($532 million) rare earths project in Australia, agreed to supply a Japanese customer, a day after Japan said China’s “de facto” export ban on the materials may harm its economy. “Lynas is extremely pleased to sign this contract with one of the leading companies
Continue reading "Lynas Signs Contract With Japan Rare Earths Consumer Amid `De Facto' Ban" »
Wednesday, September 29, 2010
September 29, 2010 -- Tokyo (Source: Reuters) -- Japanese customers of rare earth metals are looking elsewhere for supplies after a de facto ban on shipments from China, imposed as tensions flared between Japan and the dominant world producer of the minerals, added to worries already heightened by a cut in this years export quotas. Australian rare
Continue reading "Japan seeks Rare Earths elsewhere after China spat" »
Sunday, September 26, 2010
September 27, 2010 -- (Source: The Australian) -- Rare earths miner Lynas Corporation is set to benefit from industry talk that China is limiting its exports on the product. The Australian-based company is bring forward ramp-up plans to meet new demand. China has reportedly reduced exports of the minerals, used in the manufacture of a wide range
Continue reading "Lynas Keen to Leap into Rare Earths Supply Hole" »
Sunday, September 19, 2010
September 17, 2010(Source: Bloomberg) -- Lynas Corp., building a A$550 million ($517 million) rare earths mine in Australia, said China’s export quotas cuts for the minerals used in hybrid cars and iPods may be permanent as domestic demand gains. “It would not surprise me if China turned into a net importer of rare earths over the next
Continue reading "Lynas Says China Rare Earth Export Quota Cut May Stay" »
Friday, September 17, 2010
September 17, 2010. (Source: Bloomberg) Lynas Corp., building a A$550 million ($517 million) rare earths mine in Australia, said China’s export quotas cuts for the minerals used in hybrid cars and iPods may be permanent as domestic demand gains. “It would not surprise me if China turned into a net importer of rare earths over the next
Continue reading "Rare Earth Export Quota May Stay as China's Local Demand Gains, Lynas Says" »
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