Lynas Rare Earths Ltd 2023 AR2
The report highlights Lynas Rare Earths' operational and financial performance for the 2023 financial year, including achieving sales revenue of $739.3 million and a net profit after tax of $310.7 million. The company recorded record annual concentrate production at Mt Weld and record NdPr production in the second half of the year, totaling 6,142 tonnes of NdPr. Key growth projects progressed significantly, with construction of the Kalgoorlie Rare Earths Processing Facility nearing completion and a greenfield site secured for the new United States Processing Facility in Texas. From an ESG perspective, the company advanced its transition to cleaner energy sources, releasing a tender for a gas-renewable hybrid power station at Mt Weld and securing contracts for solar installations in Malaysia.
Company: Lynas Rare Earths Ltd
Sector: Materials
Country: Australia
Year: 2023
Type: AR2
Pages: 116
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Lynas Rare Earths Ltd
Annual Report
The report highlights Lynas Rare Earths' operational and financial performance for the 2023 financial year, including achieving sales revenue of $739.3 million and a net profit after tax of $310.7 million. The company recorded record annual concentrate production at Mt Weld and record NdPr production in the second half of the year, totaling 6,142 tonnes of NdPr. Key growth projects progressed significantly, with construction of the Kalgoorlie Rare Earths Processing Facility nearing completion and a greenfield site secured for the new United States Processing Facility in Texas. From an ESG perspective, the company advanced its transition to cleaner energy sources, releasing a tender for a gas-renewable hybrid power station at Mt Weld and securing contracts for solar installations in Malaysia.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Employees