Press Releases

Distributed: April 20, 2010

Alerts Login

Share on StockTwits  
View in Other Languages 7912 6001 5585 5299 5080 

Sydney, April 20, 2010 (ABN Newswire) - Lynas Corp. (ASX:LYC) Tuesday said its estimated cost to complete phase 1 of the concentration plant in Western Australia and advanced materials plant in Malaysia is A$339.2 million, up from previous estimate in March of A$302.7 million. This is due to a significantly higher Engineering, procurement and construction management fee, which has increased to A$136.4 million from A$100 million in previous estimate.

The revised estimate has resulted from a review of project engineering with contractor UGL Ltd. (ASX:UGL).

Lynas remains its target date of the first ore feed from the Western Australia plant by December. The company also said mobilization to site in Malaysia is due to commence this month. First concentrate feed to the kiln in Malaysia is anticipated early in the third quarter of 2011.

Share on StockTwits  


Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344

  Related Companies

>>>              Lynas Corporation Limited
>>>              UGL Limited

  Related Industry Topics:

Financial General | Materials General | Mining | 

  This Page Viewed:  (Last 7 Days: 17) (Last 30 Days: 77) (Since Published: 7912) 

79120 60010 55850 52990 50800  (29877)


  ABN Newswire on Social Media

Site Search

 ENGLISH   All Languages
Send A Press Release
Connecting Investors with Opportunity

Upcoming Webcasts

Mr Glen Darby
Condor Blanco Mines
Monday, April 28, 2014

Mr Tim Mckinnon
Madison Resources Group
Monday, April 28, 2014

Mr Richard Johnson Director
Crater Gold
Monday, April 28, 2014

Mr Allan Kelly MD
Doray Minerals
Monday, April 28, 2014

Mr Christopher Darby MD & CEO
Valence Industries
Monday, June 09, 2014

Webcast Your Annual General Meeting

Mobile Video TV

Scan with your Mobile Phone to view ABN Newswire Video Channel on Mobile
City Index - A Better Way To Trade