why lynas tol will be approved

FOR THOSE INVESTORS NEW TO LYNAS

http://www.youtube.com/watch?v=rhPcekFzp1c

http://www.lynasandmalaysia.com/

The Lynas Advanced Materials Plant is a simple but state of the art chemical plant. It operates at atmospheric pressure and temperature so there is no possibility of high pressure explosions. There will be no significant exposure and no health or safety risk from Lynas emissions to air.

The rare earths concentrate used by the facility is classified by independent authorities as safe, non toxic and non hazardous. The facility will be the most modern of its type in the world and will incorporate state of the art environmental protection designs and systems.

Rare earth elements are not radioactive themselves. The mineral concentrate contains low levels of naturally occurring radioactive material. Mineral concentrates with naturally occurring radioactive material are regularly transported around the world for processing. Because the mineral concentrate used by LAMP has such low levels of radiation, it is classified as safe, non toxic and non hazardous by all international standards.

The LAMP is completely different to the Bukit Merah rare earths plant. The Bukit Merah plant processed "monazite" from the waste of tin mines, which is very different to the rare earths we are processing. There are now much higher standards in place which mean Bukit Merah could never be repeated.

The LAMP is a simple chemical processing plant and there is no comparison between it and a nuclear plant. Lynas' processes and operations are not unusual in the chemical industry, and the facility is similar to other plants in the Gebeng industrial park.

Lynas complies with Australian, International and Malaysian standards – and that's the way it should be. It should also be known that many Malaysian standards are equivalent to, or exceed international standards.

We built the waste residue storage facility above ground, and lined it with high density plastic lining and a clay layer. Monitoring equipment has been installed to detect and mitigate the risk of any leaks. In the unlikely event of a spill of a substance like acid in the process areas, the spill will be contained within a raised concrete containment area, and then safely removed.

A Radiological Impact Assessment has been carried out and submitted to all the regulating authorities. The assessment confirms that the LAMP will pose no radiological risk to the public or the environment. The assessment estimates exposures of 0.002mSv/year. To put that into perspective, international and Malaysian laws allow public exposure of 1.0 mSv/year. The LAMP will have around 500 times less exposure than what is considered safe by international standards, so there will be no risk.

The new LAMP will bring substantial benefits that will be felt by all Malaysians and the entire Malaysian economy.

The facility will create nearly 2,700 new jobs. The total value of contracts available to Malaysia is RM 1.2 billion, of which RM 513 million is set aside for locally based contractors in the Kuantan area.

The capital investment to build the LAMP is also substantial at RM 2.3 billion. After the initial capital investment, operating expenditure will total RM 600 million every year for the life of the facility.

The export revenue generated for Malaysia will be an additional RM 8 billion, which will filter right through the Malaysian economy and benefit all Malaysians.