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Additional Information
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 welcomes independent expert review of LAMP in Malaysia

27th Apr 2011, 6:35 am

Lynas Corporation (ASX: LYC) has welcomed the announcement today by the Malaysian Minister of International Trade and Industry, Y.B. Dato’ Sri Mustapa Mohamad.

The Minister has appointed an independent panel of international experts to conduct a one-month review of the health, safety and environmental aspects of the Lynas Advanced Material Plant (LAMP).

LAMP is currently under construction in Gebeng Industrial Estate, Kuantan, Malaysia.

Lynas said the company continues to work with the Malaysian authorities, including the Atomic Energy Licensing Board and the Department of Environment, to ensure that the project construction continues to meet all requirements and adheres to international standards.

Lynas added that the company is confident the review will reconfirm that the plant is safe and presents no hazard to the community or Lynas workers.

Lynas believes the review will have no impact on the anticipated completion date of the project.

The company owns the richest known deposit of rare earths, also known as Lanthanides, in the world at Mount Weld, near Laverton in Western Australia.

 

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