View in Other Languages Lynas (ASX:LYC) Revised Cost Estimate for Rare Earth Projects in Australia and Malaysia Lynas (ASX:LYC)修改在澳大利亚和马来西亚的稀土项目成本预估 Lynas (ASX:LYC), 호주 및 말레이시아 희토 프로젝트 추정비용 수정 Lynas (ASX:LYC)、オーストラリアとマレーシアのレアアースプロジェクトに関するコスト見直し Lynas (ASX:LYC)修改在澳大利亞和馬來西亞的稀土項目成本預估 
Lynas (ASX:LYC) Revised Cost Estimate for Rare Earth Projects in Australia and Malaysia
Lynas (ASX:LYC) Revised Cost Estimate for Rare Earth Projects in Australia and Malaysia

Sydney, April 20, 2010 AEST (ABN Newswire) - Lynas Corp. (googlechartASX: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. (googlechartASX: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.

Contact

Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net


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