Critical minerals developer FYI Resources has moved into the rare earths processing business with the execution of an agreement for the staged acquisition of Minhub Operations Pty Ltd (MOPL). MOPL plans to provide rare earths processing solutions to suppliers of rare earths rich mineral sands via offtake of concentrates, including from the Gippsland and Murray…
Critical minerals producer Lynas Rare Earths has received an extension to its operating licence for its metals manufacturing plant in Malaysia – but only until 1 January, 2024. Announced by Malaysia’s Ministry of Science, Technology and Innovation, the reprieve means the company will now be able to continue to import lanthanide concentrate from Australia Lynas…
Lynas Rare Earths has accepted a $200 million capital investment from the Japanese Government to accelerate growth in return for guaranteeing supply of key rare earths to Japan which are used in high technology products such as computer drives, touch screens and electric motors. Japan Australia Rare Earths will invest $200 million in capital in…
By Peter Roberts Australian critical minerals producer Lynas Rare Earths has suffered a major blow with the renewal of the operating licence of its Malaysian metals processing plant – the biggest in the world outside China – in such a way that dooms part of the processing at the site to closure after July 1.…
By Peter Roberts Perth minerals producer Iluka Resources is pressing ahead with its plans to process rare earths on Australian shores, capturing more value-adding of these critical metals for the local economy. The company’s latest update shows that all primary environmental approvals have been secured for its project at Eneabba north of Perth. The company…
By Peter Roberts Few defence ministers have done more for Australian sovereign industry capability than Kim Beazley. Most recently Governor of Western Australia, Beazley as Australian ambassador to Washington pried open US markets for Australian manufactured defence equipment, securing new markets for the likes of BAE Systems Australia’s anti-ship missile decoy rocket, Nulka. Domestically he…
The world’s biggest source of critical minerals outside China, Lynas Rare Earths, has secured further backing in Japan to develop its Mt Weld rare earths resource in Western Australia. Lynas has announced an agreement with Japan Australia Rare Earths B.V. which will provide US$9 million through a subscription to Lynas shares to help fund an…
WA rare earths producer Lynas Rare Earth’ US subsidiary has signed a follow-on contract for approximately US$120 million with the U.S. Department of Defense (DoD) to establish a first of its kind commercial Heavy Rare Earths (HRE) separation facility in the United States. Lynas USA LLC plans to construct a facility to separate Heavy Rare…
Australia’s biggest producer of rare earths Lynas rare earths has reported record sales revenue of $327.2 million in the quarter to March 31 as the company benefitted from high prices and recovered from Covid related production interruptions. Both its Western Australian mine and Malaysian rare earths production facility increased production in the quarter and sales…
By Peter Roberts The federal government has made an unprecedented intervention in private business funding with the approval of a $1.25 billion loan through the Critical Minerals Facility to Australian company Iluka Resources. The massive loan – picking winners on a grand scale – will fund the development of Australis’s first integrated rare earths refinery…
