Investors bay for more board blood after David Jones debacle
No listed company has faced a full spill of the board under the controversial two strikes rule on executive pay, despite 40 second strikes and more than 1500 shareholder meetings.
Lynas Corp banking on its rare earths
The recent trajectory of Lynas Corporation will be familiar to any veteran in the mining industry.
Lynas Corp (LYC)
J P Morgan has maintained an ‘overweight’ listing on rare earths miner Lynas Corp with a 12-month price target of 65¢.
Jury out on Kelly gang
This newspaper’s former Chanticleer columnist Alan Jury is the latest big name to depart FTI Consulting, hot on the heels of Third Person founder Ross Thornton. Jury joins rare earths producer Lynas Corp as head of corporate affairs. The latest defection leaves the firm even more reliant on Thornton’s former partner Jim Kelly, the last of the Tripods. Watch this space.
Lynas beats off new activist challenge
Lynas Corporation says a state-based High Court in Malaysia has denied an application by environmental activists to seek a judicial review the licensing process for its rare earths processing plant.
Malaysians’ latest drive against Lynas plant
A convoy of cars carrying protesters has driven across Malaysia in the latest demonstration against an Australian rare earths plant that activists claim will produce dangerous radioactive waste.
Miners ready to take punt on rare earths
In trying to pick rare-earth miners with better long-term prospects, investors and analysts are increasingly focusing on projects that target production of the so-called “heavies” – a rarer subset of the elements.
Lynas chief has more hoops to jump through
Lynas chairman Nick Curtis clearly thought the pros of hosting a group of media at the company’s controversial rare earths refinery in Malaysia over the weekend would outweigh the cons. Show that there’s nothing to hide, foster a bit of goodwill, dispel some myths and so on.
Lynas faces Malaysian court again this month
Rare earths miner Lynas will face the Malaysian Court of Appeal to fight another application to stop it operating its new plant in Malaysia. The group known as Save Malaysia Stop Lynas has obtained a hearing on December 19.
Lynas faces more legal challenges
Rare earths miner Lynas is facing further court action against the operation of its new plant in Malaysia with Save Malaysia Stop Lynas obtaining a hearing on Friday.
Company briefs
Lynas Corporation is facing a new push by the protest group Save Malaysia, Stop Lynas! to stop the operation of its rare earths refinery in Kuantan province. The protest group will be seeking an interim stay against Lynas’s operating licence for the refinery in the Malaysian Court of Appeal tomorrow. A previous bid for an injunction was dismissed by the court.Luke Forrestal
Northern Minerals seeks to raise $6.6m
Rare earths exploration company Northern Minerals is seeking to raise $6.6 million in a placement through Bell Potter Securities.
Lynas downgraded over legal setback
Getting started at Lynas Corp’s Malaysian rare earths processing plant is proving a rather difficult task.
Greenland Minerals passes can around
Greenland Minerals and Energy is seeking to raise as much as $20 million through a placement and share purchase plan to develop its Kvanefjeld rare earths and uranium project.
Goldman keeps Lynas on ‘buy’
Goldman Sachs has maintained its “buy” rating on Lynas Corp and 12-month target price of $1.50 a share after the rare earths producer gained a temporary operating licence for its processing facility in Malaysia.
CEO, finance chief depart rare earths explorer
Niobium and rare earths explorer Globe Metals & Mining is looking for a new CEO and CFO after both left the company.
Lynas talks up proposed WA plant
Rare earths miner Lynas expects to avoid the sort of public opposition that has plagued the start-up of its Malaysian refinery if it decides to build a new, state-of-the-art processing facility in Western Australia.
China defends curbs on rare earths exports
China has defended its curbs on rare earths mining and exports after a World Trade Organisation (WTO) challenge brought by the United States, Europe and Japan.
China considers rare earths reserve
China is considering a national inventory reserve of rare earths to try to stabilise prices for the 17 metals, crucial for the defence, electronics and renewable-energy industries, say media.
Forum to hear Lynas refinery concerns
The Malaysian government will establish a parliamentary steering committee to help address public fears about Lynas Corporation’s rare earths refinery, which is under construction on the country’s east coast.
Malaysia committee welcomes Lynas debate
The Malaysian government has established a parliamentary select committee as a platform for parties to air their views on Lynas Corporation’s rare earths refinery in Kuantan province.
Rare earths battle may be too late
Even as the United States, European Union and Japan were jointly filing a trade case yesterday against China over its export restrictions on strategic rare earth metals, many specialists thought the action too late to do much good.
US to challenge China on rare earths curbs
The US, Japan and European Union plan to bring a new trade case against China over its export restrictions on rare earths, senior administration officials said.
Lynas boss confident of approvals
Mr Curtis said he did not wish to pre-empt any government outcome but the miner confirmed it had completed all submissions required by the Atomic Energy Licensing Board. “We are confident in the business plan we have at the moment," Mr Curtis said last night. “We’re perfectly comfortable with all the standards of our operations, have been all the time."
Lynas faces more delays at Malaysia refinery
The Sydney-based company provided an update on the project yesterday as it announced a $US225 million funding deal to support the controversial development.
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