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Lynas Corporation Ltd (LYC.AX)

LYC.AX on Australia Stock Exchange

2.36AUD
24 May 2019
Change (% chg)

$-0.08 (-3.28%)
Prev Close
$2.44
Open
$2.49
Day's High
$2.49
Day's Low
$2.34
Volume
11,163,032
Avg. Vol
5,356,522
52-wk High
$2.59
52-wk Low
$1.48

Latest Key Developments (Source: Significant Developments)

Lynas Corporation Signs MoU For JV To Develop Rare Earths Separation Capacity In U.S.
Sunday, 19 May 2019 06:36pm EDT 

May 20 (Reuters) - Lynas Corporation Ltd ::LYNAS CORPORATION LTD ANNOUNCES LYNAS / BLUE LINE MOU FOR RARE EARTHS SEPARATION CAPACITY IN UNITED STATES.SIGNS MOU FOR A JOINT VENTURE TO DEVELOP RARE EARTHS SEPARATION CAPACITY IN UNITED STATES.CO& BLUE LINE WILL WORK EXCLUSIVELY OVER NEXT YEAR ON PROPOSED DEVELOPMENT OF A RARE EARTHS SEPARATION FACILITY AT BLUE LINE SITE IN TEXAS.JV WILL BE MAJORITY OWNED BY LYNAS.  Full Article

Lynas Corp Says Board Concluded That It Would Not Engage With Wesfarmers On Terms Outlined In Proposal
Wednesday, 10 Apr 2019 03:01am EDT 

April 10 (Reuters) - Lynas Corporation Ltd ::BOARD CONCLUDED THAT IT WOULD NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN PROPOSAL.SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO INDICATIVE PROPOSAL.CONTINUE TO ENGAGE WITH MALAYSIAN GOVERNMENT TO REACH AN OUTCOME THAT WILL BE GOOD FOR MALAYSIA AND GOOD FOR CO.LYNAS CORP SAYS ITS INTELLECTUAL PROPERTY IS VALUABLE IN ITS OWN RIGHT, AND ITS VALUE IS NOT REFLECTED IN INDICATIVE PROPOSAL FROM WESFARMERS.  Full Article

Lynas Corp Says Co Not To Engage With Wesfarmers On "Highly Conditional" Takeover Proposal
Tuesday, 26 Mar 2019 06:03pm EDT 

March 27 (Reuters) - Lynas Corporation Ltd ::BOARD CONCLUDED THAT IT WILL NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN INDICATIVE AND HIGHLY CONDITIONAL PROPOSAL.LYNAS BOARD HAS EVALUATED INDICATIVE NON-BINDING HIGHLY CONDITIONAL PROPOSAL.  Full Article

Lynas Corp Receives Unsolicited Proposal From Wesfarmers
Monday, 25 Mar 2019 09:25pm EDT 

March 26 (Reuters) - Lynas Corporation Ltd ::RECEIVED AN UNSOLICITED PROPOSAL FROM WESFARMERS LIMITED.SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO INDICATIVE PROPOSAL.  Full Article

Lynas Corporation Seeks Trading Halt
Monday, 25 Mar 2019 06:39pm EDT 

March 26 (Reuters) - Lynas Corporation Ltd ::SEEKS TRADING HALT PENDING ANNOUNCEMENT ON SIGNIFICANT PROPOSAL FROM WESFARMERS LIMITED.  Full Article

Wesfarmers Proposes To Buy Lynas Corp
Monday, 25 Mar 2019 05:54pm EDT 

March 26 (Reuters) - Wesfarmers Ltd ::PROPOSAL TO ACQUIRE LYNAS CORPORATION.TO ACQUIRE LYNAS FOR $2.25 A SHARE.WESFARMERS IS SEEKING TO NEGOTIATE A PROCESS DEED WITH LYNAS.CONSIDERATION PAYABLE IN CASH.  Full Article

Lynas Corporation Appeals Condition Imposed For Renewal Of Lynas Malaysia's Operating Licence
Thursday, 3 Jan 2019 12:46am EST 

Jan 3 (Reuters) - Lynas Corporation Ltd ::LYNAS APPEALS CONDITION IMPOSED ON 4 DECEMBER 2018.DECISION PURPORTED TO IMPOSE A NEW CONDITION TO RENEWAL OF LYNAS MALAYSIA'S OPERATING LICENCE WHICH IS DUE ON 2 SEPT 2019.LYNAS MALAYSIA CONTINUES TO OPERATE ON BUSINESS-AS-USUAL BASIS, PRODUCTION HAS RECOMMENCED FOLLOWING TEMPORARY HALT IN DEC 2018.LYNAS MALAYSIA FILED APPEAL IN RESPECT OF DECISION COMMUNICATED IN MESTECC PRESS STATEMENT & IN LETTER FROM DEPUTY DIRECTOR OF AELB.  Full Article

Lynas Corp Plans Temporary Production Shutdown Of Malaysian Ops In December
Monday, 26 Nov 2018 06:00pm EST 

Nov 27 (Reuters) - Lynas Corporation Ltd ::PLANNING FOR A TEMPORARY SHUTDOWN OF PRODUCTION IN MALAYSIAN OPERATIONS IN DECEMBER.NDPR PRODUCTION IN THE DECEMBER QUARTER IS ESTIMATED TO BE REDUCED BY 400 TONNES AS A RESULT OF SHUTDOWN.APPROVAL NOT RECEIVED FOR INCREASE IN ANNUAL VOLUME OF LANTHANIDE CONCENTRATE PROCESSING AT MALAYSIAN OPERATIONS.  Full Article

Lynas Corporation Updates On Co's Malaysian Operations
Sunday, 23 Sep 2018 06:48pm EDT 

Sept 24 (Reuters) - Lynas Corporation Ltd ::IS AWARE OF MEDIA SPECULATION IN MALAYSIA REGARDING A POTENTIAL GOVERNMENT REVIEW OF LYNAS' MALAYSIAN OPERATIONS.TO CONTINUE OPERATIONS AS PROJECTED, CO WILL NEED TO RECEIVE RENEWALS AND VARIATIONS OF TERMS OF EXISTING LICENCES.  Full Article

Lynas Corp Says Bondholders Converted US$11.3 Million Worth Of Convertible Bonds Into Equity
Thursday, 22 Mar 2018 02:11am EDT 

March 22 (Reuters) - Lynas Corporation Ltd ::BONDHOLDERS CONVERTED US$11.3 MILLION WORTH OF CONVERTIBLE BONDS INTO EQUITY.  Full Article