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Lynas was founded by the Sumich family of Perth, Western Australia. Perth based mining identity, Mr Les Emery was appointed its first CEO and Managing Director in 1986, remaining with Lynas until 2001. In 1994, following an exploration discovery, Lynas opened its first gold mine at Lynas Find, 130 km south of Port Hedland, Western Australia.
Malaysia on Thursday renewed the operating licence for a rare earths processing plant owned by miner Lynas Corp <LYC.AX> for six months with new conditions, an extension shorter than investors and ...
Lynas Corp is working to select a site in Malaysia's Pahang state to build a storage facility for low-level radioactive waste as a March deadline nears, the CEO of the rare earths miner said on ...
Australian retail-to-chemicals conglomerate Wesfarmers Ltd said on Tuesday that it had made a bid to acquire niche rare earths miner Lynas Corp Ltd for A$1.50 billion ($1.07 billion) in cash. For ...
Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas-based Blue Line Corp to set up a rare earths separation facility in the United States.
The Mount Weld deposit is owned by ASX-listed Lynas Corporation, [6] which raised A$450 million equity from J. P. Morgan in 2009 [7] to fund the development of a mine and also a processing plant in Kuantan, Malaysia. Once operational, the Mount Weld mine is expected to be the largest source of rare-earth elements outside of China. [citation needed]
Rare earth minerals miner Lynas Corp on Monday said it had signed a memorandum of understanding with Blue Line Corp to set up a rare earths separation facility in the United States. Lynas and Blue ...
MP Materials and Australia's Lynas held a confidential discussion regarding a potential merger which fell through on February 5, 2024. [28] Lynas is the second largest rare earth material company outside of China. As of 2024, CEO James Litinsky was the company's largest shareholder. [29]