Lynas refuses to risk staff in virus hot spot

Original article by Brad Thompson
The Australian Financial Review – Page: 28 : 27-Nov-20

The US military is providing funding for a rare earths processing plant to be built in Texas under a partnership between Australian-listed rare earths producer Lynas Corporation and US-based Blue Line. The Pentagon wants the plant to be built to end to China’s dominance of "commercial-scale" separation of heavy rare earths materials. However, Lynas MD Amanda Lacaze has told its AGM that the plant could be delayed as it will not built without the involvement of its engineers, and she will not send anyone to Texas while COVID-19 cases in the state are so high. It is estimated that the plant will cost around $US50 million ($68 million).

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, BLUE LINE

Reynolds calls for local push on rare earths

Original article by Brad Thompson
The Australian Financial Review – Page: 16 : 7-Jul-20

Defence Minister Linda Reynolds says Australia and its partners are working to boost the supply of rare earths and other minerals that are important to their defence forces. Her comments come as Australia and other Western nations seek to cut their dependence on China for rare earths. The federal government’s Northern Australian Infrastructure Facility will provide $150 million in financial support for a proposed mineral sands mine in Western Australia that will include rare earths capacity. The NAIF is also considering supporting Arafura Resources’ $1.1 billion rare earths project in the Northern Territory.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE, ARAFURA RESOURCES LIMITED – ASX ARU, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, LYNAS CORPORATION LIMITED – ASX LYC

Success against virus boosts rare earths

Original article by Angus Grigg
The Australian Financial Review – Page: 2 : 4-Jun-20

Rare earths miner Hastings Technology Metals has secured a 10-year off-take agreement with German automotive parts group Schaeffler. Hastings COO Andrew Reid says Schaeffler was keen to finalise the agreement given that rare earths supply from China has been disrupted by the pandemic and Australia has performed well in containing the coronavirus. Hastings aims to commence work on a rare earths processing plant in Western Australia in 2021, with initial production by 2023.

CORPORATES
HASTINGS TECHNOLOGY METALS LIMITED – ASX HAS,SCHAFFLER TECHNOLOGIES AG

Relief for Lynas as licence renewed amid Malaysian turmoil

Original article by Brad Thompson
The Australian Financial Review – Page: 21 : 28-Feb-20

Rare earths producer Lynas Corporation expects to meet the conditions imposed by the Malaysian government in renewing its operating licence for another three years. They include a deadline of mid-2023 to begin extracting low-level radioactive material from rare earths at a cracking and leaching plant in Western Australia, rather than undertaking the initial processing in Malaysia. Lynas must also commence work on developing a permanent disposal facility for radioactive waste in Malaysia within 12 months.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Competition no worry for Lynas

Original article by Nick Evans
The Australian – Page: 20 : 30-Aug-19

Rare earths miner Lynas Corporation has posted a 2018-19 net profit of $80m, compared with $53.1m previously. However, EBITDA fell to $100.7m and revenue was also lower at $363.5m. Meanwhile, CEO Amanda Lacaze is not unduly concerned by the mining sector’s growing interest in rare earths, arguing that increased competition could benefit Lynas. She is also optimistic that the Malaysian Government will renew the company’s full operating licence after agreeing to extend its current licence by six months.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, NORTHERN MINERALS LIMITED – ASX NTU, ILUKA RESOURCES LIMITED – ASX ILU

Lynas on short leash as Malaysia extends licence

Original article by Brad Thompson
The Australian Financial Review – Page: Online : 16-Aug-19

Malaysian authorities have extended Lynas Corporation’s operating licence for its $1 billion rare earths processing plant at Kuantan for just six months, with the licence due to expire on 2 September. The plant processes rare earths from Lynas’s Mt Weld mine in Western Australia, and is the largest source of rare earths outside of China. Lynas CEO Amanda Lacaze had said recently that it would be happy with a three-year extension to its licence, although a five-year extension would be ideal.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES

Reynolds welcomes deal on rare earths with non-Chinese customer

Original article by Brad Thompson
The Australian Financial Review – Page: Online : 13-Aug-19

Federal Defence Minister Linda Reynolds says it is important that Australia ensures it has secure supplies of critical resources, in particular rare earths. Reynolds notes that defence firms need access to rare earths, as rare earths are used in the production of defence equipment. She welcomed the announcement on 12 August by heavy rare earths supplier Northern Minerals that it had signed a 100 per cent off-take agreement with Thyssenkrupp, which is one of the largest materials distributors to the Western world. The announcement followed just days after Northern Minerals terminated an off-take agreement with Chinese firm Lianyugang Zeyu New Materials Sales Company.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE, NORTHERN MINERALS LIMITED – ASX NTU, LIANYUGANG ZEYU NEW MATERIALS SALES COMPANY, LYNAS CORPORATION LIMITED – ASX LYC

Lynas calls for US backing of rare earth firms

Original article by Nick Evans
The Australian – Page: 20 : 8-Aug-19

Lynas Corporation MD Amanda Lacaze addressed the annual Diggers & Dealers forum on 7 August. She said the US will need to provide financial support to rare earths producers in order to ensure that it has a secure long-term supply of the minerals, which are critical for electric vehicles and military weapons. Lacaze says she expects Lynas to receive support from the US, given that the company is set to become the only producer of heavy rare earths outside of China.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, DIGGERS AND DEALERS FORUM, BLUE LINE CORPORATION

China rare earth demand soft: Lynas

Original article by Paul Garvey
The Australian – Page: 20 : 30-Jul-19

Rare earths producer Lynas Corporation has advised that its sales for the June quarter totalled 4,723 tonnes, compared with 5,030 tonnes in the three months to March. CEO Amanda Lacaze says demand for rare earths remains soft, despite ongoing trade tensions between the US and China. The subdued price for rare earths has prompted Lynas to increase the stockpiles at its processing plant in Malaysia. Lacaze adds that Lynas is still in talks with the Malaysian government regarding the renewal of its operating licence.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Tax fight left rare earths miner on the brink

Original article by Paul Garvey
The Australian – Page: 17 & 20 : 1-Jul-19

Northern Minerals has spent $210m to date on its Browns Range rare earths project in Western Australia’s East Kimberley region. MD George Bauk says a dispute with the Australian Tax Office over a $10.8m research and development tax rebate nearly saw the company collapse in early 2019. The ATO also demanded that Northern Minerals repay $13.4m worth of previous R&D rebates. Bauk maintains that the Browns Range processing plant is an R&D site, as the technology it uses is still being developed and improved.

CORPORATES
NORTHERN MINERALS LIMITED – ASX NTU, AUSTRALIAN TAXATION OFFICE, LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES