Australian mineral producer, Lynas announced on 10 February the firm suspends rare earth production at Mount Weld mine in Western Australia. The firm assumed funding to continue the operation but failed to agree with bond holders for releasing subordinated loan of US$ 95 million.
Banks and funds are withdrawing large investment in mineral and resource businesses after financial crisis in autumn 2008. Financial crisis also impacted actual economy worldwide. The sales of automobiles and electric appliances plunged down. As a result, rare earth demand and price are sharply decreasing. Many rare earth mines became suffered from worse profitability due to lower demand and price, those which were developed recently along mineral business boom. Rare earth demand is expected to grow in mid and long terms. However, Lynas cannot continue operation of Mount Weld project since the firm relies on funds and debts for the development.M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
« Apr | ||||||
1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 | 31 |
Japan Steel Scrap Composite Prices (Sangyo Press)
- Agenda for Change Agreement
- Retention Bonus Agreement Pdf
- Car Rental Agreement Sample Free Uk
- Company Sale and Purchase Agreement Template
- Party Wall Agreement Cost London
- Wto Sps Agreement Ppt
- Athlete Representation Agreement
- Property Management Agreement Example
- China-Europe Comprehensive Investment Agreement
- Agreement on Subsidies and Countervailing Measures
- Agreement for the Provision of Marketing Services
- Prenuptial Agreement Form Nys
- Home for Sale by Owner Contract Form
- Business Combination Agreement Lilium
- Uk Dutch Double Taxation Agreement
- Quickbooks Online Service Agreement
- Simple Loan Agreement with Balloon Payment
- Agreements Form
- Liquidated Damages for Breach of Confidentiality Agreement
- An Agreement Synonyms