Lynas Corporation Limited (ASX:LYC) has launched defamation proceedings against the "Save Malaysia Stop Lynas" group and a number of media outlets in Malaysia.
Releasing its March quarterly report the rare-earths developer has advised, “The proceedings relate to various false and misleading statements that have been published in Malaysia concerning Lynas and its business".
Lynas has also confirmed that, subject to the issuance of the temporary operating licence, it is on track for first feed to kiln in the second quarter.
The latest report says 98 per cent of phase one construction of its rare earth refinery is complete and more than 85 per cent of pre-commissioning test-packs are complete.
Shares in Lynas Corporation closed 1.35 per cent higher yesterday to finish at $1.12.
Lynas Corporation recorded a net loss of $38.5 million in the first half of its 2012 financial year.
