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Lynas narrows H1 losses

Australian rare earths miner Lynas has narrowed its loss during the half-year ended December, on the back of increased revenues.

The ASX-listed Lynas this week reported that gross loss for the period had decreased from the A$19.3-million reported at the end of 2015, to A$2.9-million, on the back of increased revenues, which were up from A$93.2-million to A$114.6-million.