LYC 2.41% $6.87 lynas rare earths limited

bloomberg article - 11 conditions 12 months, page-33

  1. 7 Posts.
    http://af.reuters.com/article/metalsNews/idAFS9E7HH01Y20110630

    MELBOURNE, June 30 (Reuters) - Australian rare earths producer Lynas Corp plans to update the market on an independent review of its rare earths plant in Malaysia, it said on Thursday, requesting a trading halt on its shares.

    The Malaysian government, under pressure to show that the plant does not pose any radioactive risk, recently set up an independent panel to review the health and safety aspects of Lynas's rare earths plant in the state of Pahang.

    The company had hoped to receive a pre-operation license for the plant by September.

    (Reporting by Sonali Paul; Editing by Balazs Koranyi)

    Operating license vs pre-operation license seems key. This could mean there is no delay. When was Lynas planning to received their operating license?
 
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