Lynas Corporation

After the disputed sale of Lynas Corporation's (ASX:LYC) Crown and Swan deposits fell through last week, two shareholders are planning to file a bid to acquire the assets. Bob Watson, chair of recruitment website Seek and software millionaire Mark Suhr are said to be finalising their bid this week.

Lynas Corporation (ASX:LYC) delayed its meeting to consider a development deal with Forge Resources until the middle of June. The meeting is schedule on may 18 instead. Since the announcement of the deal, Lynas has received questions from shareholders.

Lynas decided to use an updated explanatory memorandum to answer questions that had been raised regarding the proposed deal. The memorandum will be available some time in the middle of May.

Lynas Corporation's (ASX:LYC) rare earth processing plant in Malaysia is threatened by protests due to concerns of radiation pollution. Local residents are concerned that health problems caused by Mitsubishi refinery which closed back in 1992 might happen again. Due to this, the Malaysian government has announced that it will create a panel to review the $220 million plant that is going to be constructed in Gebeng, an industrial zone in Pahang.

Rare earth miner Lynas Corporation (ASX:LYC) faces legal action from shareholders over the proposed sale of polymetallic resource to Forge Resources. It has raised concerns about conflict of interest. Nicholas Curtis, Lynas executive chairman and 15 percent shareholder of Forge, stands to settle 24 million in Forge shares worth $30 million if the deal is successful.

Australian rare earths developer, Lynas Corporation (ASX:LYC) has signed a partnership supply deal with Japan's Sojitz Corporation (2768:JP). The agreement will speed up Lynas Corporation double capacity and offer a secure supply for Japan after China cut exports of the metal.

Mining company, Lynas (ASX:LYC) have seen their shares surge 15 percent. The mine development company declared a substantial increase to previous mineral resource estimates for its Mount Weld project in Western Australia (near Laverton). The combined rare earths mineral resource estimate has increased to 17.49 million tonnes, with 8.1 percent rare earth oxides (REO).

United Group (UGL), one of the leading broad-based infrastructure and services group of Australia with a market capitalisation of $2407.1 million which mainly focuses on manufacturing and engineering services, incorporate industrial maintenance and development and maintenance of industrial properties and resources with business operations in Australia, New Zealand, North America, Asia and in some parts of Middle East and Europe was the best performing stocks in ASX100 index for the

Lynas Corporation (LYS) was the overall best performing stock taking in a 20.09 percent increase. Among the best performing companies for the past week (week 39 of 2007) on the Australian sharemarket were a mixture of financial services, aviation, metal and mining: Allco Finance (AFG), Babcock & Brown Air (BNB), Fortescue (FMG), Lynas Corporation (LYC), Mt. Gibson Iron (MGX), Murchison Metals (MMX). The majority of the best performing companies were metal & mining companies.