Lynas Corporation Ltd. (ASX:LYC) announced that in the March quarter of this year it hit a production record of 1,089 tonnes of rare earth oxide; that means the company is on track to reach a run rate of 11,000 tonnes per year during the upcoming quarter.
Articles Tagged "malaysia"
The Australian reported yesterday that Lynas Corporation Ltd. (ASX:LYC) recorded a net loss of $59.29 million during the six months ended December 31, 2013, up slightly from the previous corresponding period.
Verde Resources, Inc. (OTCBB:VRDR) said today it is ready to commence exploration at its rare earth elements Merapoh Mine and has engaged SRK Consulting to guide the exploration and feasibility evaluation.
MINING.com reported on two developments on Tuesday for rare earth company investors. In the first, the death of an engineer at Lynas' (ASX:LYC) processing facility in Malaysia caused the Australian company's shares to drop 3.6 percent on Tuesday and 7 percent since the fatality was reported.
PRWEB reported on Tuesday that Verde Resources (OTCBB:VRDR) has found indications of large deposits of rare earth elements at the Merapoh Mine in Pahang, Malaysia.
The Australian company continues to face opposition from those who believe their rare earths processing plant in Malaysia risks human health and damage to the environment.
Malaysians opposed to rare earths processing are angry at Lynas Corp (ASX:LYC) for refusing to disclose the location of a waste storage facility in the peninsular Asian nation, Australia Network News reported.
The Star Online reported that Lynas (ASX:LYC) is disputing reports that a permanent disposal facility will be built on site at their rare earth plant.
The International Business Times reported that Lynas has submitted plans to the Malaysian government for a permanent disposal facility, which may satisfy the final requirement to receive a permanent license to operate the plant.
Lynas Corporation is facing a moment of truth over its controversial Malaysian processing plant as locals prepare to go to the polls in what is being hailed as the most closely contested election in the country’s history.