Lynas Rare Earths has awarded Carey Group Holdings a five-year contract for mining services at its Mount Weld rare earths mine near Laverton in Western Australia.
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Despite a decline in revenue and sales for the first half of the 2023–24 financial year (H1 FY24), Lynas Rare Earths made strong progress across its Australian and Malaysian operations.
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WA’s Environmental Protection Authority (EPA) has recommended that the Mount Weld rare earths project – life of mine proposal be environmentally approved.
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While market demand remained in line with expectations, Lynas Rare Earths recorded reduced sales revenue of $128.1 million for the September quarter.
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Lynas Rare Earths has announced the three-year renewal of its Malaysia operating license, but the news isn’t everything the company was hoping for.
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