Mitsubishi takes stake in rare earths group Lynas

By Mark Watts
Published: Monday, 25 July 2011

Japan’s Mitsubishi invests $324m. to gain 9.9% stake in Australia-based rare earths group Lynas Corp.; Malaysian plant on course

Japanese trading house Mitsubishi has invested $324m. to increase its interest in Australia-based rare earths group Lynas Corp.

Mitsubishi now holds a 9.9% stake in Lynas after buying 170.1m. shares.

Mitsubishi will acquire the shares through its decision to swap $1.7bn of convertible bonds into an equity stake...

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