RARE EARTH INDUSTRY – AUSTRALIA

Lynas sees rare chance in trade row

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Original article by Glenda Korporaal
The Australian – Page: 17 & 28 : 6-Mar-18

Lynas Corporation has posted a 2017-18 interim profit of $A63m, compared with a $A19.3m loss for the previous corresponding period. Revenue was up 75 per cent at $A200.9m, while the rare earths miner reduced its debt to $US256.5m. CEO Amanda Lacaze says the Federal Government’s proposed collaboration with the US on the development of rare earths is positive for the local industry, adding that Lynas has contacted the office of Prime Minister Malcolm Turnbull regarding the issue.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Lynas hits quarterly revenue record

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Original article by Daniel Palmer
The Australian – Page: 32 : 19-Jul-16

Australian-listed Lynas Corporation has reported sales of $A196.1m for 2015-16, compared with $A148.6m previously. The rare earths producer’s full-year result was boosted by record sales in the fourth quarter, with gross sales revenue for the period rising by 27 per cent to $A55.9m. Lynas shares closed $A0.008 higher at $A0.084 on 18 July 2016.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lacaze puts struggling Lynas back on track

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Original article by Glenda Korporaal
The Australian – Page: 21 : 17-May-16

Shares in rare earths producer Lynas Corporation were trading at about $A0.14 when Amanda Lacaze became CEO in mid-2014, compared with a peak of $A2.25 in 2011. The stock is currently trading at around $A0.07, but Lynas has increased its output, reduced its operating costs and scaled back its workforce during Lacaze’s tenure. The group’s sales rose by 43 per cent rise to $A93m during the second half of 2015, and its operating loss fell to $A40m.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, TELSTRA CORPORATION LIMITED – ASX TLS, COMMANDER COMMUNICATIONS LIMITED, NESTLE AUSTRALIA LIMITED, ORICA LIMITED – ASX ORI, MOLYCORP MINERALS LLC

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