Last €0.09 EUR
Change Today -0.001 / -1.06%
Volume 275.3K
LYI On Other Exchanges
As of 11:21 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

lynas corp ltd (LYI) Snapshot

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10/9/13 - €2.61
52 Week Low
05/21/14 - €0.08
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lynas corp ltd (LYI) Details

Lynas Corporation Limited, together with its subsidiaries, is engaged in the extraction and processing of rare earths minerals primarily in Australia and Malaysia. The company holds interest in the Mount Weld project, which includes rare earths oxide deposits located to the south of Laverton, Western Australia. The company is headquartered in Sydney, Australia.

lynas corp ltd (LYI) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: A$665.2K
Executive Vice President of Corporate Affairs
Total Annual Compensation: A$95.9K
General Counsel and Company Secretary
Total Annual Compensation: A$481.5K
Executive Vice President of People and Cultur...
Total Annual Compensation: A$419.7K
Compensation as of Fiscal Year 2013.

lynas corp ltd (LYI) Key Developments

Lynas Corp to Shift Head Office

Lynas Corp. is to shift its head office overseas as part of a renewed cost-cutting regime as it seeks to stop haemorrhaging cash. The company will move its head office from Sydney to Kuala Lumpur, resulting in an unspecified number of job losses, with further jobs to go at its Perth office. The shift is part of an effort to simplify the company's structure by co-locating management.

Lynas Corporation Announces Executive Changes

Lynas Corporation announced the following Board and Management changes. Effective June 5, 2014, Amanda Lacaze has been appointed Executive Director and Chief Executive Officer of the company following the resignation of Eric Noyrez. Ms Lacaze has been a non-executive Director of Lynas since 1 January 2014. Mr. Noyrez was given additional responsibility as President in March 2011 before being appointed an Executive Director and Chief Executive Officer in April 2013.

Lynas Corporation Limited Announces Production Results for the Month and Quarter Ended March 2014; Announces Sales Results for the Quarter Ended March 2014; Provides Production Guidance for the Quarter Ended June 2014

Lynas Corporation Limited announced production results for the month and quarter ended March 2014. The company reported that production reached 575 tonnes REO in the month of March, 62% higher than the previous month. This reflects the great progress in the ramp up towards the targeted production rate. For the quarter, total tonnes produced were 1,089 tonnes, on an REO equivalent basis, up 47% on the prior quarter. For the quarter, sales were 751 tonnes REO with improved average selling price. The average selling price achieved for the quarter increased by 5% to USD 22.63/kg REO (revenue basis). Based on the continuing and accelerating improvement in performance in all operational areas, Lynas management is confident of achieving the targeted production run rate of 11,000 tpa REO from the LAMP on a sustainable basis during the June 2014 quarter. At current prices, the company expects to be operating cash flow neutral at a monthly sales rate of around 750 tonnes REO.


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