About Lynas Corporation Business
A forward-thinking enterprise on the cutting edge of safe production and environmental protection, Lynas Corporation Ltd. is poised to launch full-scale operations in the latter half of 2012. Based in Sydney, Lynas Corporation mines and processes Rare Earths, a somewhat abundant group of metallic elements listed on the periodic table as the Lanthanide series. With unique physical and chemical properties, Rare Earths are used to produce a wide variety of products essential for modern-day living. To this end, the Rare Earths, sourced by Lynas Corporation at its Mount Weld mine in Western Australia will be ultimately be applied in high-performance digital products, hybrid vehicle parts, compact fluorescent lighting, and other technologies enjoyed by the 21st century consumer.
China presently supplies the world’s largest percentage of Rare Earths, an unsustainable model upon which Lynas Corporation aims to improve. To accomplish its goals, the company secured a well-established industrial site in Malaysia for the Lynas Advanced Materials Plant (LAMP), a near-complete chemical processing project built to stringent international standards that highlights the organization’s dedication to intelligent resource management and sustainable development. Making progress in pre-commissioning tests, Lynas Corporation celebrated a major milestone at the end of March 2012 when the LAMP construction project team posted 8,160,000 hours of Lost-Time-Injury (LTI)-free work.
Lynas Corporation is carefully tracking to supply nearly one third of the world’s Rare Earth elements, and address the looming shortfall that has deeply concerned experts and industry watchers for the past decade.