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Thursday, June 14, 2012

Lynas set to walk from Malawi project


Australia's only rare earths miner, Lynas Corp, has signalled it may walk away from the African project at the centre of a legal battle.
The trigger for Lynas' change of heart is the latest twist in a Malawi High Court saga that relates to its ownership of the Kangankunde rare earths project.
Lynas' flagship development is its Mount Weld rare earths mine in WA near Laverton but Kangankunde had been slated as a future growth project.

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