Lynas widens loss, LAMP production ramping up
PERTH (miningweekly.com) – Rare earths producer Lynas has widened its interim loss for the period to December to A$59.3-million, from a A$54.5-million loss in the previous corresponding period, as the company continued to ramp up production in Malaysia.
Despite the widening loss, Lynas reported revenue of A$14.6-million following the production of 994 t of rare-earth oxide (REOs), and the sale of 627 t of REOs during the period under review.
Lynas told shareholders on Tuesday that production and sales of its REO products progressively increased during the final quarter of the 2012 calendar year, reflecting the progressive completion of work programmes at the Lynas Advanced Materials Plant (LAMP), in Malaysia.
During the last quarter, LAMP produced 741 t of REOs.
Meanwhile, in November last year, Lynas received administrative approvals for the Phase 2 LAMP assets, with the company implementing the use of some of the assets, including product finishing units and tunnel furnaces, to optimise its customer product range.
However, a decision to use the additional capacity of 11 000 t/y of REOs would be determined by market conditions.
Subsequent to the end of the period, Lynas also achieved its first kiln feed in the two rotary kilns in Phase 2. The cracking and leaching units were expected to provide further asset optimisation opportunities.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation

















