Company News Summary
Lynas Corporation Provides June 2012 Quarterly Activities Report
Original announcement: Quarterly Activities Report
Lynas Corporation provided its June 2012 quarterly activities report, reporting the Lynas Advanced Materials Plant (LAMP) Phase 1 construction project in Malaysia was completed Lost Time Injury free; the Company welcomed the findings of the Malaysian Parliamentary Select Committee report on the LAMP which recommended that the Temporary Operating Licence be issued for the LAMP; construction of Phase 1 of the LAMP was completed and further progress was made on various pre-commissioning activities; in WA, the scoping study on the Duncan Deposit was completed during the quarter - the scoping study recommends proceeding to a detailed feasibility study on the project; and total cash at the end of June of $205.4m was represented by unrestricted cash of $124.3m plus restricted cash of $81.1m.
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