Lynas Rare Earths has blasted “unpredictable” and escalating power disruptions in Kalgoorlie, saying they have stifled its quarterly production amid heightened demand for its product.
The world’s biggest supplier of non-China rare earths, Lynas, is evaluating diesel fuel and gas alternatives to a defective power supply contract that has intermittently stranded its $800m processing plant near Kalgoorlie.
For years one of the most hazardous places to stand was between mining billionaire Andrew Forrest and a microphone. These days the even-wealthier Gina Rinehart is challenging Forrest on visibility and hyperbole.
Lynas Rare Earths has blamed grid outages caused by Western Australia’s transition to green energy for a slump in production at its Kalgoorlie processing hub.
A renewable energy company owned by the Chinese government has been provided taxpayer-funded support under Chris Bowen’s flagship Capacity Investment Scheme.
Gina Rinehart has delivered a ringing endorsement of the Liberal Party’s move to abandon net zero emissions targets and said retirement of the “very bad policy” is overdue.