full ramp up by end of 2012 as per schedule

Lynas Corp: Full Ramp-Up Of Kuantan Plant Achievable By End Of 2012

http://www.foxbusiness.com/industries/2011/06/30/lynas-corp-full-ramp-up-kuantan-plant-achievable-by-end-2012/

SYDNEY -(Dow Jones)- A full ramp-up of Lynas Corp.'s (LYC.AU) rare-earth mineral processing plant near Kuantan city is achievable as per the original schedule despite fresh conditions imposed by the Malaysian government, Chief Executive Nicholas Curtis said Thursday.

"We expect to deliver some product in the first half of 2012 and be fully operational by the second half of 2012," Curtis told a press conference in Kuala Lumpur. "We believe the schedule is intact."

The plant is expected to produce around a sixth of the world's rare-earth elements when it goes into full production towards the end of 2012 with an annual capacity of 20,000 metric tons.

It has been targeted by environmental campaigners and local politicians who fear its waste materials pose toxic or radiation hazards.

In a report released Thursday, the International Atomic Energy Agency largely dismissed those fears, but suggested 10 measures Lynas should carry out before the plant is allowed to operate.

The company hopes to start running the plant in the last quarter of this year.

Copyright ? 2011 Dow Jones Newswires