Thursday 28 Mar 2024
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MELBOURNE (April 8): Co. has considered five possible locations to carry out some processing under prospective expansion plans, CEO Amanda Lacaze says Monday on a webcast with investors.

* Lynas is considering various options, though remains confident of reaching agreements with Malaysia’s governments over continued operation of its processing facility in Kuantan 

* NOTE: The rare earths producer can continue operations in Malaysia if co. agrees to ensure raw material is decontaminated before being sent to the country, Prime Minister Mahathir Mohamad said last week

* NOTE: Lynas ships raw materials from a mine in Australia to a plant in Malaysia and has come under scrutiny over its handling of some waste created during processing, including low-level radioactive material

* Co. isn’t aware of interest from other parties in Lynas as referenced by Mahathir in the comments, Lacaze says 

* NOTE: Lynas last month rejected a A$1.5 billion takeover approach from Wesfarmers Ltd.

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