The Australian rare earths miner said it was disappointed with Malaysia's decision to impose new conditions on its licence to operate in the country, adding it was considering all options, including legal action.
Lynas Corp Mining News
It needs to be removed by September 2, 2019, when Lynas' temporary storage licence expires.
The Australian rare earths miner has been granted an extension to a temporary permit to store residue at its Malaysian site.
As a general rule, the most successful man in life is the man who has the best information.
Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.
The newly-elected coalition government is said to be ready to launch a three-month evaluation of Lynas' rare earths processing plant, which may end with authorities denying the company’s operating license renewal in Sep. 2019.
Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.
Beijing to set up tracing system to determine and certify the origin of the materials.
As a result, all rare earths producers inside and outside China are facing extremely challenging conditions, say insiders.
Australian rare earths miner Lynas Corporation has managed to log positive free cashflow for the third straight quarter, despite difficult market conditions in which prices dropped to historic lows.
About 90% of China’s rare earth producers are currently operating at a loss as prices for the coveted elements continue to drop due to a global glut and illegal mining.
While analyst predict a rebound in hard-hit rare earth prices later this year, it is still unclear whether companies outside China, the world’s largest producer, will be able to challenge its dominance.
Beijing had been widely expected to eliminate tariffs and quotas on rare earth shipments after a World Trade Organization panel branded them discriminatory last year.
Firm struggled to increase output due to problems at Malaysian plant.
Opponents of the Australian rare earth miner's controversial Malaysian refinery are calling for a shutdown after an accident at the facility over the weekend killed an engineer.
A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.
After months of polemic and legal battles, Australian rare earths miner Lynas (ASX:LYC) has finally begun production at its Malaysian processing plant following a recent court triumph.
Shares in Australia’s Lynas Corp soared as much as 12% Friday after the company said its first shipment of rare earth concentrates arrived in Malaysia, indicating an imminent start of operations at its controversial processing plant.
Lynas Corp. plans to raise up to AUD 200 million (USD 208 million) in order to help fund the start-up of operations at its LAMP site in Malaysia.
Australia's Lynas Corp (ASX:LYC) won Thursday the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.
Malaysia's Atomic Energy Licensing Board granted a temporary licence for an initial two-year period under strict safety requirements.
Analysts from Foster Stockbroking told investors to purge their shares in rare earths miner Lynas Corporation as there is no end in sight for the ongoing problems that have forced the company to halt operations in Malaysia.
The High Court of Malaysia today rejected Australian miner Lynas Corp’s (ASX:LYC) application for an injunction against pressure groups that oppose the company’s rare earth plant (LAMP), informs The Malaysian Insider.
Australian rare earths miner Lynas Corporation (ASX:LYC), has filed a defamation action against Malaysian protestors and opponents over their criticism of the company's rare earth plant (LAMP), which will process ores shipped from Western Australia.
In 1992 in the junior mining sector, nobody was paying attention to diamonds. Then Lac de Gras was discovered. Within four years, there were 200 diamond exploration companies. Twenty years later, there are six junior companies still in the game. The REE junior space will be similar, but in a shorter timeframe.