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Lynas Says Malaysia Rare-Earth Refinery Nearly Complete

Lynas Corp., an Australian rare earths developer, said it’s near to completing its Malaysian refinery and will be ready to receive concentrate in the first quarter of 2012, pending regulatory approvals.

“We are in the final stages of the regulatory approvals process in Malaysia,” Nicholas Curtis, chairman of the Sydney-based company said today in a statement. “We have submitted all the requested documentation and the Malaysian Atomic Energy Licensing Board is now reviewing those documents ahead of making a decision.”