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Lynas Delays Rare Earths Development

Investing News Network
Aug. 01, 2013 11:04AM PST
Rare Earth Investing

The Australian reports that Lynas, (ASX:LYC) which is processing rare earths in Malyasia from its Mount Weld mine in Australia, has delayed a plan to develop another rare earths deposit in Western Australia.

The Australian reports that Lynas, (ASX:LYC) which is processing rare earths in Malyasia from its Mount Weld mine in Australia, has delayed a plan to develop another rare earths deposit in Western Australia.

As quoted in the market news:

The Sydney-based company, which last year completed a scoping study on the Duncan deposit at its Mount Weld site, said it would postpone further development work as it looked to reduce operating costs.

Click here to read the full news story from The Australian (subscription required)

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