RARE EARTH INDUSTRY – AUSTRALIA

Lynas shares slide as fears mount over debt burden

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Original article by Sarah-Jane Tasker
The Australian – Page: 18 : 1-Aug-14

The stock of Australian-listed rare earths group Lynas Corporation closed 17% lower at $A0.17 on 31 July 2014. The market reacted to concerns that the company may struggle to make a repayment of $US35m ($A37.5m) on its debt by the 30 September deadline, as well as to data in its output report for the June quarter. While Lynas unveiled an increase of 117% year-on-year to 1,882 tonnes in shipments from its Malaysian plant, the price achieved fell by over $US4 to $US18.25 a kilogram

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, SOJITZ CORPORATION, JAPAN OIL GAS AND METALS NATIONAL CORPORATION, DEUTSCHE BANK AG

Lynas looks at Malaysia move in restructure

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Original article by Brian Robins
The Australian Financial Review – Page: 27 : 3-Jul-14

Lynas Corporation will move its head office from Sydney to Kuala Lumpur. The relocation will involve a number of job losses. The Australian-listed rare earth mining company is under pressure to reduce costs because of problems experienced at its Malaysian processing facility. The total cost of relocation and redundancies is expected to be $A5 million

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Mine activist in jail

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Original article by Lisa Cox
The Age – Page: 12 : 24-Jun-14

Some 1,000 people demonstrated on 22 June 2014 at a rare earths processing plant in Kuantan, Malaysia, against Australian-listed owner Lynas Corporation. There have been fears by residents about the potential impact of radioactive waste. After the protest became violent, 16 arrests were made. Among those detained is Australian anti-mining campaigner Natalie Lowrey, who faces a charge under Malaysia’s Immigration Act for breaching visa regulations

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, HIMPUNAN HIJAU, PAKATAN RAKYAT