Promising future for Lynas despite ‘challenging’ year
Lynas Rare Earths has reported its financial results for the 2023–24 financial year (FY24), showcasing profitability despite a challenging market environment.
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Lynas’ Mount Weld gets a resource boost
Lynas Rare Earths has reported a 92 per cent increase in mineral resources at the Mount Weld rare earths deposit located near Laverton in Western Australia.
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Lynas’ Kalgoorlie ramp up on track
While Lynas Rare Earths recorded a decrease in rare earths production, the ramp up of the Kalgoorlie facility in Western Australia remains on track.
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Zenith Energy to power Lynas’ Mount Weld
Lynas Rare Earths has awarded a power purchase agreement to Zenith Energy for its Mount Weld mine and concentration plant located near Laverton in Western Australia.
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Industry reacts to BHP Nickel West suspension
On July 11, BHP announced it will temporarily suspend its Nickel West operations and the West Musgrave project in Western Australia amid the global nickel downturn.
So how we did we get here? Australian
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More rare earths from Lynas Malaysia
Lynas Rare Earths has announced its Malaysian arm will become a producer of two new separated heavy rare earths (HRE) as soon as next year.
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NRW Holdings secures major contracts
NRW Holdings is set to carry out various civil works at a range of major mining sites, with the contracts’ total value estimated at around $240 million.
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Lynas powers through low rare earths prices
Lynas Rare Earths made strong progress across its growth projects during the March 2024 quarter amid lower rare earths prices.
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Rinehart raises Lynas stake with $49m injection
Gina Rinehart’s Hancock Prospecting has snapped up a 5.82 per cent stake in Lynas Rare Earths for a cool $49 million, the latest in a string of rare earths moves by the magnate.
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Lynas, Carey ink mining services contract
Lynas Rare Earths has awarded Carey Group Holdings a five-year contract for mining services at its Mount Weld rare earths mine near Laverton in Western Australia.
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Lynas makes ‘significant progress’ across operations
Despite a decline in revenue and sales for the first half of the 2023–24 financial year (H1 FY24), Lynas Rare Earths made strong progress across its Australian and Malaysian operations.
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Lynas confirms merger talks with rare earths giant
Lynas Rare Earths has confirmed the company has been in conversation with its US rival MP Materials for a potential merger.
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December quarter ‘an exciting period’ for Lynas
Lynas Rare Earths described the December 2023 quarter as an “exciting period”, with many areas of the business progressing well.
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Lynas ramps up rare earths at Kalgoorlie
Lynas Rare Earths has announced the first feed of Mount Weld material at its Kalgoorlie processing facility in Western Australia.
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EPA backs Mount Weld expansion
WA’s Environmental Protection Authority (EPA) has recommended that the Mount Weld rare earths project – life of mine proposal be environmentally approved.
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Mixed quarter for Lynas
While market demand remained in line with expectations, Lynas Rare Earths recorded reduced sales revenue of $128.1 million for the September quarter.
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Lynas and Andromeda reshuffle leadership
Lynas Rare Earths and Andromeda Metals have both announced leadership shakeups with sweeping changes across the board.
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Lynas and US DoD strengthen partnership
Lynas Rare Earths’ United States subsidiary has signed a follow-on contract with the US Department of Defence (DoD).
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Lynas awarded government grant
Lynas Rare Earths has been awarded a $20 million grant as part of the Federal Government’s Modern Manufacturing Initiative – Manufacturing Integration Stream.
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Lynas undertakes final commissioning for Kalgoorlie project
Lynas Rare Earths has commenced the final stage four commissioning for its new Kalgoorlie rare earths processing facility.
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