LYC 1.65% $7.75 lynas rare earths limited

cleaning up bauxite..., page-94

  1. 873 Posts.
    lightbulb Created with Sketch. 218

    Lynas sets up action committee on radioactive waste

    FEBRUARY 23, 2019 @ 5:57PM 
    BY ABDUL RAZAK RAAFF

    KUANTAN: Lynas Corporation Ltd (Lynas) has set up an action committee with the Energy, Science, Technology, Environment and Climate Change Ministry to discuss the details of conditions imposed by the government on rare earth radioactive waste from the plant.

    Its managing director and chief executive officer, Amanda Lacaze, said the committee, which was up earlier this month, would scrutinise the conditions set by the ministry to remove water leached purification (WLP) residue which contain radioactive material from Malaysia for the renewal of the plant’s operating licence.

    Lynas is also required to submit an action plan for the disposal of non-radioactive neutralisation underflow residue (NUF) scheduled waste.

    “We have agreed to work closely with the government to find a solution,” she said at a Chinese New Year celebration hosted by Lynas at an old folks home in Jabor, here, today.

    “In fact, we will work with all the related departments and agencies in the ministry on a permanent disposal facility (PDF) for WLP residue.

    “Last week, we issued a statement to the Australian Securities Exchange that we have agreed to the government’s action plan on NUF management, options for commercialisation, to reuse and PDF.”

    Some 250 Lynas employees took part in the celebration.

    They handed out ang pow and daily necessities at the home.

    Lacaze said Lynas had submitted an action plan to deal with its NUF waste and would meet Environment Department officials to gain approval to execute the plan.

    Last year, the ministry instructed Lynas to remove the accumulated WLP from Malaysia and submit an action plan to dispose of its non-radioactive NUF scheduled waste to continue operating here.

    Source

 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$7.75
Change
-0.130(1.65%)
Mkt cap ! $7.244B
Open High Low Value Volume
$7.79 $7.87 $7.70 $22.02M 2.835M

Buyers (Bids)

No. Vol. Price($)
1 5000 $7.74
 

Sellers (Offers)

Price($) Vol. No.
$7.76 4578 2
View Market Depth
Last trade - 16.10pm 12/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.