Rare earths industry welcomes new US-Australian deal to ensure critical minerals supply
A US-Australian deal focusing on critical minerals, including rare earths, could mean big things for the industry in central Australia.The deal comes months after the world's rare earths supply was thrust into the spotlight after Beijing threatened to restrict the rare earth trade as part of its ongoing trade war with the US.
Lynas has signed an agreement with the outback town of Kalgoorlie to explore a potential initial ore processing site as the rare earths producer tries to Lynas , the largest rare earths producer outside China, signed a memorandum of understanding with the mining town, where the city will help attract
(Reuters) - Australian rare earths producer Lynas Corp said on Friday it signed an agreement with the outback town of Kalgoorlie to explore a potential initial ore processing site as it tries to soothe concerns in Malaysia about radioactive waste. Lynas , the largest rare earths producer outside China
Australian rare earths miner Lynas Corp said on Monday it had picked outback town Kalgoorlie as the site for a new initial ore processing plant to extract low-level radioactivity from materials to be shipped to Malaysia for final treatment.
In a statement, the world's only major producer of rare earth metals outside China said it the new planned cracking and leaching plant in Western Australia forms part of a $500 million growth strategy to boost production by 2025.
Gold: Torian strikes more high-grade gold near Kalgoorlie
Torian strikes more high-grade gold near Kalgoorlie.Torian Resources’ (ASX:TNR) latest drilling results certainly lend credence to the belief that there is still more gold to be found in the region with top assays of up to 46 grams per tonne (g/t) gold at its Credo Well project.
Lynas , the largest rare earths producer outside China, signed a memorandum of understanding (MoU) with the city of Kalgoorlie -Boulder, otherwise known as Kalgoorlie , where the city will help the company in attracting workers for the potential processing site . (Reporting by Nikhil Kurian Nainan in
Lynas leans towards Kalgoorlie for rare earths plant Australian Mining. Australia ' s Lynas eyes Kalgoorlie for initial processing site Lynas closes in on site for WA upstream processing The West Australian . Exclusive: Malaysia plans to extend license for rare earths producer Lynas
After lengthy tensions with Kuala Lumpur over environmental concerns about its operations in Malaysia, Lynas was given four years by the country to build a plant to remove low-level radioactivity from material it ships to the Southeast Asian nation for processing into elements vital for products ranging from fighter jets to wind farms.
Kalgoorlie is about a four-hour drive from Lynas' Mt. Weld mine, where it currently trucks rare earth concentrate to the coast for shipment to a processing facility in Malaysia.
The site was selected ahead of two other shortlisted areas, also in the Goldfields region.
"We also acknowledge the support from the Western Australian Government and the Australian Government to enhance the critical minerals industry in the Kalgoorlie region," Lynas Chief Executive Officer Amanda Lacaze said in a statement.
Meanwhile, Lynas also said it was looking at options for upstream solvent extraction in Western Australia.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Tom Hogue and Kenneth Maxwell)
Six-figure jobs BOOM as huge haul of gold is found in Australia - creating work for thousands of people .
Millions of dollars worth of gold reserves are being drilled for in North Queensland with the expanding mining sector expected to create thousands of jobs. Companies are now re-activating previously mined areas in the hope of discovering reserves of the rare metal that may have been missed. Great Northern Minerals, formerly Greenpower Energy, is one such company leading the charge.