RARE EARTH INDUSTRY – WESTERN AUSTRALIA

Lynas may build processing, waste storage site on BHP’s doorstep

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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.

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, BHP GROUP LIMITED – ASX BHP

WA rules out importing radioactive waste from Malaysia

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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