Lynas Corporation has announced $US225 million capital raising to complete the construction and commissioning of its rare earths processing plant in Malaysia, after revealing delays had added up to
Lynas Corporation has hit a stumbling block in its plan to export 33,000 tonnes of rare earths concentrate through Fremantle Port each year, in the form of independent MLA Adele Carles.
Lynas Corporation has responded to setbacks on two fronts by agreeing to issue an updated explanatory memorandum on its Forge Resources takeover offer and saying it welcomes a review of its proposed processing plant in Malaysia.
Lynas Corporation says it has finalised financing agreements with Japanese rare earths trading house Sojitz Corporation, which will be used as the basis of a $US325 million capital raising.
Lynas Corporation says it is will secure up to $US250 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.
Sydney-based Lynas Corporation says its rare earths project near Laverton in WA will require $36.5 million more than previously estimated to complete construction.
Lynas Corporation has selected United Group as its lead engineering contractor for its Mt Weld rare earths project in WA, after previous ongoing delays forced then contractor, Ranhill WorleyParsons, to demobilise its resources.
Shares in Lynas Corporation have slumped after emerging from a trading halt that was implemented to conduct the $285 million institutional component of its planned $450 million capital raising.
Lynas Corporation plans to raise up to $450 million from institutional investors for a concentration plant at Mt Weld outside Laverton and an advanced materials plant in Malaysia following a failed funding deal with a Chinese mining outfit.
Shares in Lynas Corporation have remained in a trading halt as the company steps up potential funding talks after a Chinese firm yesterday withdrew its $505 million deal.
A Chinese company has abandoned plans to take control of rare earths explorer Lynas Corporation after Australian regulators demanded it reduce the scope of the planned transaction.
Shares in Lynas Corporation have been placed in a trading halt, pending an update regarding a $505 million deal with China Nonferrous Metal Mining Group Co.
Lynas Corporation says finalisation of a $252 million investment deal with a Chinese business has been pushed back after the Foreign Investment Review Board extended its review period.
China Nonferrous Metal Mining Group Co (CNMC) is set to gain control of Lynas Corporation, which holds a rare earths project in Western Australia, after striking a $505 million deal.
Lynas Corporation's funding woes for its Western Australian rare earths project has hit Forge Group, which says its $25 million contract has been suspended until further notice.
Rare earths may not be illustrious minerals in the Australian mining industry yet the essential commodities have quietly attracted the attention of a couple of renowned Australian mining names of late.
