https://www.miningweekly.com
Flow|PROJECT|Flow|Maintenance|Operations
Flow|PROJECT|Flow|Maintenance|Operations
flow-company|project|flow-industry-term|maintenance|operations

Covid halts Lynas plant

23rd March 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Rare earths miner Lynas has temporarily suspended production at its Malaysian plant, as the Malaysian government tightened control as the Covid-19 cases escalate.

Lynas on Monday said that as part of the temporary plant shutdown to care-and-maintenance mode, the company has retained some work-in-progress inventory that would allow the plant to restart quickly.

“We commence this temporary shutdown in a strong cash position and we are able to avoid a significant majority of our costs under this shutdown scenario,” the company told shareholders.

“The Lynas cash balance on December 31 was A$111.8-million and Lynas currently expects to achieve positive cash flow from operations during the March quarter, before payment of approximately A$14-million relating to the permanent disposal facility project. This positions us well to quickly resume satisfying our customers’ need upon restart of the plant.”

Operations at Mt Weld, in Western Australia, will continue uninterrupted.

Edited by Creamer Media Reporter

Comments

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
South Deep, Rietberg, mineral exploration make headlines
Updated 7 hours ago
Magazine round up | 10 May 2024
Magazine round up | 10 May 2024
10th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.146 0.182s - 109pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: