Original article by Brad Thompson
The Australian Financial Review – Page: Online : 7-Sep-19
Lynas Corporation has signed a memorandum of understanding with the City of Kalgoorlie-Boulder regarding sites for a rare earths cracking and leaching plant. Lynas must build and have the plant up and running within four years, so as to continue conducting part of its rare earths processing in Malaysia. The MOU provides Lynas with exclusivity on two sites, including one adjacent to BHP’s nickel smelter. The cracking and leaching plant is tipped to cost around $500 million to construct.
LYNAS CORPORATION LIMITED – ASX LYC, BHP GROUP LIMITED – ASX BHP