March 23 (Reuters) - Lynas Corporation Ltd LYC.AX :
* TEMPORARY HALT TO PRODUCTION AT LYNAS MALAYSIA PLANT-LYC.AX
* EXPECTS TO ACHIEVE POSITIVE CASH FLOW FROM OPERATIONS DURING MARCH QUARTER
* INITIATED A SAFE TEMPORARY SHUTDOWN OF MALAYSIAN PLANT INTO CARE & MAINTENANCE MODE
* TEMPORARILY CEASED PRODUCTION AT MALAYSIAN PLANT IN RESPONSE TO MALAYSIAN GOVERNMENT CONTROLS IN LIGHT OF CORONAVIRUS
* AS PART OF TEMPORARY SHUTDOWN IN MALAYSIA, RETAINED SOME WORK-IN-PROGRESS INVENTORY TO ALLOW CO TO RAMP UP UPON RESTART
* TAKEN ACTION TO REDUCE CASH OUTGOINGS DURING TEMPORARY SHUTDOWN; TO CONTINUE TO PAY ALL STAFF DURING THIS TIME