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.
Lynas Corporation granted licences to operate Mount Weld Concentration Plant
Lynas Corporation (ASX: LYC, OTC: LYSDY) has taken another step forward at the Mount Weld Concentration Plant.
Licences have been granted by the Western Australian Department of Mines and Petroleum, and the Western Australian Department of Environment and Conservation.
With the completion of the regulatory requirements, the result is that the first feed of ore into the plant will occur within a week.
The concentrate produced will be shipped and transported to the east coast of Malaysia to the Lynas Advanced Materials Plant, to process the concentrate through to separated rare earths products.
Lynas owns the currently richest known deposit of rare earths in the world at Mount Weld, which is located near Laverton in Western Australia.
The company remains well funded after earlier in the month raising A$20 million through an oversubscribed share purchase plan.
