Lynas Rises on Debt Relief Plan

Lynas Corp (ASX:LYC) rose 6.2 percent to a 7-week high, The Australian reported, after the Australian rare earths miner was given relief on a $225 million loan from Japan’s Sojitz.

As quoted in the market news:

While the reasons behind the need to renegotiate terms on the debt are not encouraging, the new terms, which extend a potential penalty payment in return for other earlier payments, were taken well by the market. 

Click here for the full story in The Australian