Lynas Still Having Output Troubles

- September 30th, 2013

Lynas Corp, (ASX:LYC) the Australian company mining rare earths in Australia and processing them in Malaysia, is admitting more troubles with output, The Australian reported on Monday.

Lynas Corp, (ASX:LYC) the Australian company mining rare earths in Australia and processing them in Malaysia, is admitting more troubles with output, The Australian reported on Monday.

As quoted in the market news:

The company updated the market yesterday on its Advanced Material Plant and, while it says it has fixed issues previously announced to the market, it said further work was needed.

Lynas had outlined in its June quarterly report that its processing plant had encountered “clogging and premature wearing” of equipment in the early stages of Phase 1. While the cracking section of the plant has been refurbished, work continues on the leaching plant. 

Click here for the full article on The Australian

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