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Business Description: Lynas Corporation Limited (LYC) is principally involved in the exploration and development of rare earths minerals. LYC is focused on becoming a global rare earths producer and supplier through its focus on RED (Rare Earths Direct) branding. LYC’s main asset is Mt Weld rare earths deposit in Western Australia.
Strategy Analysis: LYC have a strategy of creating a reliable, fully integrated source of supply from mine through to the customer. LYC aims to become the benchmark for the security of supply and environmental standards in the global rare earths industry.
Lynas Corporation reported positive cash flow of $99.61m for the quarter ended 31 December 2012. Operating cash flow for the period was $(30.32m). Payments for exploration and evaluation were nil. Investing cash flow was $130.74m. Financing cash flow was $(814,000). Cash in hand at the end of the quarter was $226.22m.
The Age 24/05/2013 |
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The Age 24/05/2013 |
James Hardie expects no big improvement in the housing market this year but says the sector has stabilised after interest rate cuts.
The Age 24/05/2013 |
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The Age 24/05/2013 |
The ASX took more than three hours to tell stockbrokers and investors a computer failure had knocked out its critical market announcements feed in October last year, according to a new investigation into the incident.
The Age 24/05/2013 |
The Australian dollar plunged to its lowest level in a year, shedding over US2¢ in a session, as traders reacted to contradictory comments from the head of the US Federal Reserve on Thursday.
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