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Lynas Corp strikes $505m China deal

1-May-09 by Rebecca Lawson

China Nonferrous Metal Mining Group Co (CNMC) is set to gain control of Lynas Corporation, which holds a rare earths project in Western Australia, after striking a $505 million deal.

Earlier this year, Lynas suspended work at the Mt Weld project near Laverton following a dispute with bond holders over $US95 million.

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