DJ MARKET TALK: French Mine Deal May Boost Lynas
0949 [Dow Jones] Investors likely to give Lynas (LYC.AU) shares an early lift after
company flags "stunning deal with a French company" to progress Mt Weld rare
earths project, Western Australia, ahead of 10am Sydney briefing. Said back in March was
seeking A$49.2 million to develop mine, China processing plant with view to begin mining
end 2005; primary target is europium, used in laptop screens. Lynas also has refinery
ambitions in China. (JAD)
Contact us in Sydney. 61 2 8235 2950;
[email protected]
(END) Dow Jones Newswires
February 05, 2006 17:49 ET (22:49 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.
Monday 06 February 2006 09:49:17:630 AEST
lyc - deal and breifing this morning
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