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- Title
CNMC to buy Aus Lynas rare earths.
- Abstract
The article reports that China Nonferrous Metal Mining (CNMC) has agreed to buy Australian rare earths company Lynas for 505 million Australian dollars. It is stated that with the deal, CNMC will gain a 51.66% stake in Lynas and Lynas will raise 253 million Australian dollars in finance from a Chinese bank. The author shares that the deal will allow Lynas to restart mining operations at Mount Weld in Western Australia after suspension of its operations in early 2009.
- Subjects
AUSTRALIA; MERGERS &; acquisitions; CHINA Nonferrous Metal Mining (Group) Co. Ltd.; LYNAS Corp. Ltd.; STOCKS (Finance); FINANCE; MINES &; mineral resources
- Publication
TCE: The Chemical Engineer, 2009, Issue 816, p5
- ISSN
0302-0797
- Publication type
Article