Rare earth miner Lynas Corporation is set to conduct a capital raising.

The company has requested a halt in the trading of its shares, pending an announcement of the details of the capital raising venture, the company said in a statement today.

The halt will stand until the start of trading next Tuesday.

Lynas yesterday received a Malaysian court permission to begin operating a controversial processing plant at the Gebeng Industrial Estate, near Kuantan.

The Kuantan High Court ruled against Malaysian activists who had sought an injunction against Lynas’ temporary operating licence for the plant.

- Bernama