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Lynas confirms $40M blowout, delay

RARE earths miner Lynas Corporation has been forced to raise $US225 million ($A214 million) via a convertible bond issue to cover a $A40 million cost blowout for the initial phase of its rare earths plant in Malaysia, with production delayed until at least June.

MiningNews.Net
Lynas confirms $40M blowout, delay

The timeline remains dependent on regulatory compliance and a pre-operating licence from Malaysian authorities for the plant. The company expects costs for the plant, as well as ongoing operational...

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