IF THIS IS HAPPENING THIS IS A GAME CHANGER FOR LYNAS CORPORATION IN PARTICULAR READ THE FULL ANNUSAL REPORT LINK FROM SOLJITZ AT THE END OF THIS POST ITS PDF FOUND THIS INFO ON H.C POSTS WERE BY SPARKIE1 AND MOOROOKAMICK IS THIS NEWS FINALLY THE HOLY GRIAL FOR LYNAS CORP..? Hi sparkie1, Soljitzs report: We began shipments of rare earths from Lynas Corporation in February 2013 and plan to ship approximately 3,000 tons during the year ending March 31, 2014 This is great news . Well have sold 3000 tons by 31st March. This is why the shorters are covering. Even at $25/kg , thats a cool $75 mil revenue. Perhaps there is a case for LYC to answer here because, IMO, this info is price sensitive. Cheers moorookamick Exerts from so kits 2013 striding ahead presentation Rare Earths Business Rare earths are used in a variety of industries, from hybrid cars to LCD televisions. However, the world relies heavily on China for more than 90% of global supplies. Sojitz has over 40 years of experience importing rare earths from China, and in 2013 began imports from Lynas Corporation Limited, an Australian company in which Sojitz invested in 2011. With these sources, we are aiming to handle more than 50% of rare earth imports into Japan. We are also investing in a company in the rare earths recycling business, which in addition to stable procurement from China and other countries will enable us to contribute to the development of the rare earths industry. Barite Business Lynas Corporation’s rare earths concentration plant in Australia Rare earths refining at Lynas Corporation’s Malaysia plant In existing projects for which we have made investments and loans, our butadiene business partner in Brazil completed a plant expansion, and we made steady progress in preparing for full-scale operation of the rare earths refining business by Lynas Corporation of Australia. We also raised asset quality by reviewing assets and proceeding with replacement, including withdrawing from businesses with low growth potential or profitability. In the year ending March 31, 2014, we will successively launch and begin full-scale operations at upstream projects in which we have made business investments. First and foremost, we need to move these projects forward according to plan and steadily monetize them. In the marine chemicals business, we initiated commercial production of industrial salt in April 2013 and plan on sales of 1.3 million tons during the year ending March 31, 2014. In the butadiene business, we have begun sales in North America and elsewhere and will continue to acquire buyers. We began shipments of rare earths from Lynas Corporation in February 2013 and plan to ship approximately 3,000 tons during the year ending March 31, 2014. In the Mexican barite business, we plan to begin sales to North American shale gas drillers and other users during the year ending March 31, 2014. Our sales strategy will leverage geographical advantage through efficient production and creative logistics. https://sojitz/jp/ir/reports/annual/upload/ar2013e_b.pdf
Posted on: Wed, 05 Mar 2014 13:04:47 +0000
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