Lynas funds jabs for staff in Malaysia

Original article by Peter Ker
The Australian Financial Review – Page: 13 : 27-May-21

Lynas Rare Earths has responded to Malaysia’s third wave of COVID-19 by advising that workers at its processing plant will be offered employer-sponsored vaccines. The Australian-listed company has also booked out an entire hotel near the plant so workers do not have to mix in the wider community when their shifts end. A spokeswoman says there are no plans to offer vaccinations for Lynas employees in Australia, and has urged them to participate in the federal government’s vaccine rollout.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC

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

WA rules out importing radioactive waste from Malaysia

Original article by Paul Garvey
The Australian – Page: Online : 6-May-19

Western Australian Mines Minister Bill Johnston says the WA government will not allow mine waste from overseas to be imported into the state. Lynas currently processes rare earth from its Mount Weld mine in WA at a plant in Malaysia, but some local critics of the plant have called for the waste that it produces, which is slightly radioactive, to be shipped back to Australia. Lynas is currently the subject of a $1.5 billion takeover bid from Wesfarmers, which Lynas has rejected.

CORPORATES
WESTERN AUSTRALIA. DEPT OF MINES, INDUSTRY REGULATION AND SAFETY, LYNAS CORPORATION LIMITED – ASX LYC, WESFARMERS LIMITED – ASX WES

Lynas fair go plea as tax review looms

Original article by Peter Ker
The Australian Financial Review – Page: 13 & 16 : 3-Oct-18

Australian-listed rare earths producer Lynas Corporation still does not know if the new Malaysian Government will undertake a review of its refinery. There has been speculation that any such review could include the tax break that Lynas received from the previous government. Lynas CEO Amanda Lacaze says a review of the tax break – which will shortly need to be renewed – is highly possible, and she has urged the government led by Mahathir Mohamad to be "fair and just" if it does undertake a review.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lynas dives on hostile review fears

Original article by Peter Ker
The Australian Financial Review – Page: 13 & 28 : 25-Sep-18

Media reports in Malaysia have suggested that a mooted government review of Lynas Corporation’s rare earths processing plant in the province of Kuantan may be headed by a politician who has been a critic of the miner in the past. Lynas has advised that the Malaysian Government has yet to confirm that it will undertake a review of the refinery, but this has been widely anticipated since the election of the nation’s new coalition government. Shares in Lynas closed 18 per cent lower on 24 September.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC

Lynas shares slide as fears mount over debt burden

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