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Lynas Rare Earths, Ltd. is an Australian rare-earths mining company with two major operations: a mining and concentration plant at Mount Weld in Western Australia, and the Lynas Advanced Materials Plant (LAMP) in Kuantan, Malaysia. [1] The company was founded in the 1990s and is headquartered in Perth, Western Australia.
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]
The big shareholder groups in Lynas Rare Earths Limited ( ASX:LYC ) have power over the company. Institutions often own...
The big shareholder groups in Lynas Rare Earths Limited ( ASX:LYC ) have power over the company. Institutions will...
Himpunan Hijau (English: "Green Assembly" or "Green Rally") is a Malaysian environmentalist movement protesting against the Lynas Advanced Materials Plant (LAMP), a rare earth processing plant operating in Gebeng, Kuantan, Pahang set up by the Australian company Lynas.
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The Ministry notes that Lynas Corporation Ltd., Australia (Lynas Australia) and Lynas Malaysia Sdn. Bhd. (Lynas Malaysia) had each presented letters of undertaking dated 23 February 2012 and 6 March 2012 respectively indicating their commitment to remove LAMP residue from Malaysia, if necessary.
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