All Systems Now Go For Lynas Malaysian Plant As TOL Gets Released, Shares Surge 50%

By International Business Times,  September 06, 2012, 01:57:48 AM EDT

It's now all systems go for Australian rare earths miner Lynas Corp as it had finally received the highly controversial temporary operating licence ( TOL ) needed to jumpstart its long overdue $US800-million ($810 million) rare earths processing plant in Malaysia.

Shares in Lynas Corp grew by more than 50 per cent on Thursday, surging to a three month high of A$0.95 and last traded up 49 per cent at A$0.89.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: TOL



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