Lynas signs agreement with Japanese lenders for debt repayment

By Antonio Torrisi
Published: Thursday, 25 September 2014

By signing a binding term agreement with Jogmec and Sojitz over its debt repayment, the Australian rare earth producer will be able to dilute the payment of its debt and to continue operations at LAMP, as it commits to supplying rare earths to Japan.

Australian rare earth producer Lynas Corp. has signed a binding term sheet with its Japanese lenders to repay its debt for the development of its Mount Weld rare earths project in Australia.

The agreement signed with the Japan, Oil, Gas and Metals National Corp (Jogmec) and Sojitz Corp. allows Lynas...

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