Lynas Rare Earths has been awarded a contract by the US Department of Defence to build a processing facility in Texas.
Australian mining company Lynas Rare Earths has been awarded a contract by the United States Department of Defence worth $US120 million to build a processing facility in the US.ASX-listed Lynas Rare Earths is the world's only significant miner of rare earths outside China
Lynas operates the Mt Weld rare earths mine in Western Australia's northern Goldfields and is building a $500m refinery in Kalgoorlie-Boulder that is due to begin production next year. "The development of a US heavy rare earths separation facility is an important part of our accelerated growth plan," she said in a statement.
Lynas has financing facilities in place with a group known as Japan Australia Rare Earths , a joint venture that is part-owned by the Japanese government. "Things were obviously dependant on funding, and I said to Amanda Lacaze, 'You haven't mentioned money … do you have the funds?'
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