Lynas wins contract with Pentagon, Lendlease’s 100MW data center in Japan and Commonwealth Bank offers discounted NBN

Lynas Rare Earths is set to build a heavy rare earths separation facility in Texas, supported by the US Department of Defense.

Lynas Rare Earths (ASX: LYC) has been awarded a US$120 million (A$174 million) contract by the United States Department of Defense to help build a commercial heavy rare earth separation facility in Texas.

The facility, which the company aims to be operational by fiscal year 2025, will be the first outside of China capable of separating heavy rare earths.

Lynas chief executive Amanda Lacaze said the agreement signals the promise the United States is showing to “ensure supply chains for these critical materials are resilient and environmentally responsible.”

“Developing a US heavy rare earth separation facility is an important part of our accelerated growth plan,” she added.

“We look forward to not only meeting the U.S. government’s rare earth needs, but also reinvigorating the local rare earth market.”

Lynas currently mines rare earths in Western Australia and ships to Malaysia, where rare earth oxides are manufactured.

US investment is also beneficial in reducing reliance on China as the sole source of supply.

“A single supply chain is problematic, especially in an area where you have rapid growth and you have a material that is critical for success,” Ms. Lacaze said.

BHP Group

Canada’s Trudeau-led government has announced a multi-million dollar investment to transform the Jansen potash mine operated by BHP Group (ASX: BHP) into “the cleanest and most sustainable in the world”.

In an effort to make the Jansen potash mine one of the most technically advanced and sustainable in the world, the government has pledged up to C$100 million (A$112 million) in its investment.

The country is continuing its bid to achieve net zero carbon emissions by 2050, with investments like this crucial.

BHP Minerals Americas President Rag Udd said the partnership is an exciting opportunity for all parties involved.

“BHP is honored and thrilled to partner with the government, Indigenous peoples and people of Saskatchewan to create a mine that will use the latest technologies to deliver a productive, efficient and sustainable operation that will benefit our employees and our communities, and value. for BHP and Canada for decades to come,” he said.

BHP will use electric vehicles and equipment to operate the potash mine, which is expected to be located about 150 km east of Saskatoon.

With increased supply chain uncertainties due to Western sanctions against Russia, global potash prices rose unsurprisingly.

The annual potash production capacity of the Jansen mine will be approximately 8 million tonnes, making it one of the largest in the world.

Lend-Lease Group

Lendlease Group (ASX: LLC) and Princeton Digital Group (CEO) of Singapore announced the construction of a 100 megawatt data center campus in Saitama City, Japan.

Lendlease’s managing director in Japan and head of telecommunications and data infrastructure in Asia, Andrew Gauci, said the opportunity to work with a pan-Asian market leader as CEO is exciting.

“We are excited to begin construction of our first data center project under Lendlease Data Center Partners for a Pan-Asian market leader as CEO,” he said.

“This contributes to the Japanese government’s plans to increase data capacity in the country and improve digital resilience.”

“Data centers are also a key sector for Lendlease and we look forward to accelerating our growth in the data infrastructure sector in our strategic markets.”

Japanese construction company Kajima Corporation was named the contractor, while Nikken Sekkei was named the designer.

The first phase should be ready in 2024.

Pro Medicus

Pro Medicus (ASX:SME) announced this week that its Face Imaging business has signed two key contract renewals worth a combined $47 million.

The renewals were revealed as Sutter Health, a large California-based integrated distribution network (IDN), committing for an additional seven years and Wellspan Health, committing for an additional five years.

Pro Medicus chief executive Dr Sam Hupert said the renewals were due to the quality of the company’s work, which led to companies committing longer than expected.

“The industry standard for renewals is short extensions of the original contract at the same or lower price,” he said.

“The fact that our customers have renewed their contract for a full or longer term at a higher price confirms our belief that the Face solution offers unparalleled value both in terms of financial and clinical return on investment. [return on investment].”

Commonwealth Bank

Commonwealth Bank (ASX: CBA) has announced that it will offer discounted NBN and broadband services to its customers through a partnership with More Telecom and Tangerine.

Through this new partnership, CBA will acquire a 25% stake in both companies.

Angus Sullivan, head of retail banking at Commonwealth Bank Group, said the company is constantly looking for ways to benefit its customers and come up with ways to reward them.

“We are looking at how we can help customers save money with their daily bills and commitments and our decision to partner with More Telecom and Tangerine shows how we continue to reward our customers,” he said.

“As the country’s biggest supporter of bringing Australians into homes, we are reimagining banking for our customers, creating more value for them, putting more money back in their pockets and helping them save money. money by exposing them to new ways of doing things and new quality products and services.”

The Australian banking giant aims to integrate More’s NBN services into the CommBank app over time, which will help customers navigate their internet plans personally.


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