General Search - Enter what you're looking for...
LYNAS CORPORATION LIMITED - ASX: LYC
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Lynas Corporation Limited (LYC) is principally involved in the exploration and development of rare earth minerals. LYC is focused on becoming a global rare earths producer and supplier through its focus on RED (Rare Earths Direct) branding. LYC’s main asset is Mt Weld rare earths deposit in Western Australia. LYC have a strategy of creating a reliable, fully integrated source of supply from mine through to the customer, and aim to become the benchmark for security of supply and environmental standards in the global Rare Earths industry. LYC focus upon implementation of its Rare Earths Direct (RED) concept providing an integrated Rare Earths (RE) business based around its Mt Weld deposit in WA. The Company places high importance on marketing its RED brand as a sign of guaranteed quality. LYC aim at becoming a significant rare earths producer, able to offer customers long term fixed or framed supply contracts. The first part of the RED concept envisages mining and concentration of Mt Weld RE ore and cracking of concentrate to produce mixed RE products. The second part of the concept is the separation of the mixed REs to produce individual Rare Earths Oxides (REO) and value added products in Malaysia. Initial production is expected at a rate of 10,500t REO. The result of this enables LYC to target 3 main applications; improving energy efficiency through lower consumption, environmental protection through emission control and developing smaller and more powerful forms of digital technology. Lynas Corporation reported negative cash flow of $29.54m for quarter ended 31 March 2009. Operating cash flow for the period was $(36.50m). Payments for exploration and evaluation were $(1.62m). Investing cash flow was $(422,000). Financing cash flow was $7.37m. Cash in hand at the end of the quarter was $40.95m.
Mine For
rare earths, niobium, tantalum, zirconium, titanium
Location of operation(s)
Western Australia
Address
Level 7, 56 Pitt St
SYDNEY, NSW, AUSTRALIA
Phone
(61 2) 8259 7100
Website
Last Updated
18/01/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.