An emerging contender in the supply of rare earth metals, Lynas Corporation Ltd. is poised to play an important part in the production of countless consumer technologies, such as flat-screen televisions, smartphones, and computers. In 2010, China announced a reduction in its exports of rare earths. Since China had controlled approximately 90 percent of the supply of these elements, it left behind an open field for emerging companies in other parts of the world. Headquartered in Sydney, Lynas Corporation operates a mine at Mount Weld in Western Australia to extract rare earths. The company is now ready to begin kiln processing operations at its LAMP, or Lynas Advanced Materials Plant, in a specially designed industrial estate near Malaysia’s Gebeng township.
In September 2012, Lynas Corporation announced that it had received a Temporary Operating License from the Malaysian government’s Atomic Energy Licensing Board (AELB), allowing refining procedures at the LAMP to go forward. Lynas Executive Chairman Nicholas Curtis noted that the AELB’s decision supported an earlier review by the International Atomic Energy Agency that found the LAMP to be in compliance with relevant global safety regulations.
Lynas Corporation aims to work closely with Malaysian leaders and members of the local community to maintain a dialogue on all matters affecting safety, public health, and social responsibility. The company is committed to transparency throughout its mining, production, and mark