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Market: ASX
Sector: General Mining - Rare Earth Minerals
EPIC: LYC
Latest Price: A$0.89  (1.70% Ascending)
52-week High: A$2.37
52-week Low: A$0.87
Market Cap: A$1,534.79M
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Lynas Corporation
www.lynascorp.com

Lynas Corporation Limited's (ASX: LYC) vision is to be a global leader in Rare Earths for a sustainable future; a vision realised by the passion and practices of our people.

Lynas is an ASX listed company, with the strategy to create a reliable, fully integrated source of Rare Earths supply from mine through to customers, and to become the benchmark for security of supply and environmental standards in the global Rare Earths industry.

Lynas owns the richest deposit of Rare Earths in the world at Mount Weld, Western Australia. Project development has commenced, with the first mining campaign completed and two processing plants underway. All necessary approvals required for project development have been received, the project is funded and production will commence in 2011.

Full Lynas Corporation profile here
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Lynas Corporation first feed into plant at Mount Weld set to happen this month

17th Mar 2011, 5:25 am

Anticipation is growing for Lynas Corporation (ASX: LYC, OTC: LYSDY), with the first feed of ore into the Mount Weld Concentration Plant in Western Australia scheduled for the week commencing 31 March 2011, weather permitting.

Lynas said the commissioning of the plant is "progressing well", despite the heavy rain last month associated with Cyclone Carlos and Cyclone Diana.

What is most important with this first feed, is it effectively sets off a chain of events for Lynas to deliver rare earth products to the market.

At Gebeng in Malaysia, the first feed of concentrate into the kiln at the Lynas Advanced Materials Plant (LAMP) remains on schedule for the third quarter of 2011.

Highlighting the effectiveness of the Lynas operations, both the plant in Western Australia and the LAMP in Malaysia remain within the overall budget.

Lynas has also provided an update on its estimated cash cost of production, assuming a Phase 2 steady state of operations, at A$10 per kilo of rare earths oxide.

In other Lynas news, Eric Noyrez has been appointed as the president and chief operating officer for the company.

Noyrez will lead the operational implementation of the Lynas rare earths project.

 

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