Miner un­cer­tain about ex­pan­sion

Geelong Advertiser - - BUSINESS BEAT -

UN­CER­TAINTY around Ly­nas Cor­po­ra­tion’s fu­ture in Malaysia has ham­pered the Aus­tralian rare earths miner’s ef­forts to plan ex­pan­sion, its CEO said.

Amanda La­caze said Ly­nas has been weigh­ing op­tions to grow its busi­ness, which would likely mean ex­pand­ing be­yond its cur­rent pro­cess­ing fa­cil­ity in Malaysia.

She did not in­di­cate any in­vest­ment amount or new mar­kets un­der con­sid­er­a­tion. Its $1.1 bil­lion plant on the east coast of penin­su­lar Malaysia be­gan op­er­a­tions in 2012 af­ter long delays caused by le­gal chal­lenges and en­vi­ron­men­tal dis­putes.

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