Rare earth taps Europe's investors
Kate Emery, The West AustralianApril 21, 2012, 9:29 am
WA's leading mining lobby group will head a delegation of the
State's rare earths and lithium players to Europe next month in the
hope of securing German and French investment for the next wave of
The Chamber of Minerals and Energy-headed delegation, to include
representatives from Lynas Corp, Galaxy Resources, Hastings Rare
Metals and Reed Resources, among others, will meet car makers such
as BMW, Volkswagen and Renault, whose next generation of hybrid and
electric cars rely on technology powered by rare earths and
FACTS ABOUT LYNAS
1 Opposition invoked “emotion and anger” to exploit the fear and
phobia of nuclear radioactive after Japan’s Fukushima whereby the
incident involves a nuclear reactor unlike Lynas that involves a
rare earth processing plant of allowable radioactive level.
2 Opposition leader in the State Assembly, Leong Ngah Ngah from
DAP, when attending the briefings on the project for elected
representatives in 2009, had also agreed to the construction of the
project, and was reported by a Chinese daily as saying that the
state government had managed to secure a huge investment from
3 PAS Hulu Langat Member of Parliament, Dr. Che Rusli who is also
an expert on radioactivity had also confirmed that the project is
not hazardous and within international management standards.
4 New York Times also wrote that the Lynas plant, which is being
built in Gebeng, will house radiation sensors and the latest
equipment in pollution control, besides featuring 12 acres of
temporary storage pools that will be lined with dense plastic and
sit atop nearly impermeable clay, to hold the slightly radioactive
by-products until they can be carted away.
...und der Lynas Chef der LAMP verliert so langsam die Geduld: mit
Video vom Werk, der Pressekonferenz, der Werksberichtigung für die
internationale Presse sowie von der Massendemonstration vor der
LAMP von Lynas.
Lynas on impact of rare earth plant delay in Malaysia
By Malaysia Bureau Chief Melissa Goh | Posted:
20 April 2012
GEBENG, Pahang: Australian miner Lynas Corporation has said the
delay at its controversial rare earth refinery in Malaysia is
taking a heavy toll on the company.
Lynas Malaysia's managing director Mashal Ahmad insists the plant
is safe and appears confident it will get the go-ahead to operate,
despite widespread public protests.
After having seen its share price fall by 50 per cent in the past
year, Lynas Corporation desperately needs to fire up its Malaysian
rare earth refinery.
Originally scheduled to begin operations late last year, the
refinery would have been the world's largest.
But the setback has cost Lynas dearly, and it is now in danger of
losing out to its competitor, American mining company Molycorp.
Costing over US$800 million, the rare earth refinery - which
consists of two phases - will now be fully completed in two weeks
but staunch opposition by concerned Malaysians has prevented the
plant from firing up, resulting in costly delays to the Australian
Mr Mashal voiced his frustration to the media.
trotz allem @ noch ein schönes Restwochenende