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Tuesday April 22, 2008
Lynas Corp to set up RM1b plant in Pahang
By ROSLINA MOHAMAD
KUANTAN: Australian mineral exploration and chemical processing company Lynas Corp Ltd plans to invest RM1bil to build a facility to process lathanides in Pahang.
Some 101.25ha has been earmarked in Gebeng industrial area here with operations expected to commence by September next year.
According to a statement by the Mentri Besar’s office here, lathanides are chemical products from “rare earths”. The term rare earths arises from the uncommon oxide-type minerals from which they were isolated.
Lathanides are used as catalyst to manufacture energy-saving light bulbs and dry cells.
“Efforts are now being taken to ensure that the project proceeds according to schedule,” the statement said, adding that the operational cost was estimated at about RM2bil.
It also said raw materials would be transported from an open mine owned by Lynas at Mt Weld in New South Wales and processed as lathanides in the Gebeng facility.
The statement said the state and country could earn up to RM4.7bil from the investment in the first 15 years of operation.
It added that Lynas' top management officials briefed Mentri Besar Datuk Seri Adnan Yaakob on the project during a courtesy call on April 3.
According to Lynas' website, its activities are focused primarily on the exploration and development of rare earth deposits and exploration for other mineral resources as well.
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