Lynas, the only major proven producer of rare earths outside China, added that Gading Senggara Sdn Bhd has been appointed as the contractor to manage the project for $98 million.
Lynas Malaysia has appointed Gading Senggara Sdn Bhd (“GSSB”) as the contractor to manage the entire project for $98 million .
They are a significant Malaysian business conglomerate whose business units include aerospace, defence, maritime, development & construction, energy & commodity & trading, and oil & gas.
Shares in Lynas Corp (ASX:LYC) closed -2.72 per cent lower at $2.15 yesterday.