New Plant of Lynas Awarded with Lead Agency Status

  • Dec 19, 2019 AEDT
  • Team Kalkine

Lynas Corporation Limited (ASX: LYC) has announced that the company’s project to build a Rare Earths processing plant in Kalgoorlie has been awarded Lead Agency status.

  • As Lead Agency, the Department of Jobs, Tourism, Science and Innovation will provide Lynas with project advice as well as assistance with managing and coordinating approvals within the project’s timeframes;
  • The Kalgoorlie plant is expected to be operational in early 2023;
  • It’s expected to create 500 jobs

At AEST 01:04 PM, the stock was trading at $2.400 per share, up by 0.418% from its previous close.

 

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