25 stories mentioning ASX:LINUpdated 12d ago
Every FINWIRES story that references ASX:LIN, newest first.
Lindian Resources (ASX:LIN) received notice that UBS Group and its affiliated entities became substantial holders of the company on May 13, according to a Monday Australian bourse filing.The financial services firm and its affiliates now owns 92.2 million shares in the company, representing a 5.04% total voting power, the filing said.
Lindian Resources' (ASX:LIN) Kangankunde rare earths project in Malawi remains on schedule, with front-end commissioning targeted for October and first production targeted for the December quarter, according to a Thursday Australian bourse filing.Its stage one process plant is designed for 20,000 tonnes per annum nameplate concentrate capacity. First ore to run-of-mine pad is scheduled for June, with mining beginning around six months before practical completion in November to establish stockpiles.Water and borehole approval was received from the National Water Resources Authority, and approvals for both general and hazardous waste management were also secured.
Lindian Resources (ASX:LIN) said UBS Group and its related entities have ceased to be a substantial holder in the company on April 29, according to a Friday Australian bourse filing.The company's shares were up 1% in recent Friday trade.
Lindian Resources (ASX:LIN) confirmed that the SARECO mixed rare earth carbonate (MREC) processing facility in Kazakhstan has an existing sulfuric acid supply arrangement with the Stepnogorsk sulfuric acid plant, a state-backed local producer, according to a Tuesday Australian bourse filing.This follows recent reports that China will implement a near-total ban on sulfuric acid exports from Friday.Its position with access to domestic supply may reduce exposure to global supply disruptions, per the filing.
Lindian Resources (ASX:LIN) said it has received board approval from NBS Bank for a AU$16.6 million composite facility comprising AU$6.6 million in asset finance with a five-year tenor and 18-month grace period, and AU$10 million in working capital with a three-year tenor, according to a Wednesday Australian bourse filing.The company said the asset finance facility will reimburse 90% of the Komatsu owner-operator mining fleet that Lindian has already paid, while the working capital facility will provide an additional liquidity buffer to support operational activities during ramp-up and ongoing operations.Following its recently completed AU$100 million institutional placement disclosed on April 1, Lindian said it is progressing main construction, with a strong balance sheet and no core project finance debt, and that the NBS Bank facilities will be used for asset finance and working capital purposes only.
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