Strange that there hasn't been any news about the Mt. Kellett deal approval. The only news about approval that I was able to find was a German news story:
www.goldseiten.de/artikel/311560--Lynas~-Neue-Kreditbedingungen-genehmigt.html
Lynas: New credit conditions approved
08/12/2016 | Hannes Huster
Lynas Corporation Ltd. Today announced that the new credit terms have been approved by the supervisory authority for foreign investments.
As a result, the interest rates on the two loans fall significantly. For JARE financing from 6% to 2.50% and the convertible bond from 2.75% to 1.25%. The loans were extended until 2020 and the repayment modalities were made much more friendly. The savings will be around 70 million AUD: Conclusion:These new regulations were an extremely good move for Lynas. The repayments are now no longer fixed, but flexible. The lower interest rates save the company a total of around 70 million AUD. Now only a small boost at the Rare Earth prices is missing and Lynas can then come from the black zero to the profit zone.
Mt. Kellett deal news
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