Bloomberg article:
Lynas Corp. will only be granted an operating license for a Malaysian rare-earth refinery if it implements recommendations made by a panel of experts appointed by the International Atomic Energy Agency, an official familiar with the matter said.
The Sydney-based company will need to satisfy 11 conditions, including technical and safety measures as well as a decommissioning plan for the plant nearing completion in Malaysia?s eastern Pahang state, said the person, who couldn?t be named as the information is confidential. This may take about one year to carry out, the person said.
OK. So Lynas will have conditions to meet. But the story separates the 11 conditions in one paragraph from the granting of the operating license and one year delay in the other. It seems to me some of the technical measures and decommissioning plan may not be a condition to the operation license and could be completed at an agreed upon time thereafter without compromising public health or safety. The safety measures no doubt must be completed before the operation license, but this may not cause a delay.
Overall, I would consider the article negative. It was out at 3pm CT (Central Time). That is at the 4pm close in New York. I think both this article and the New York Times article should be addressed by Lynas. Both stories have negative innuendo and the company should give a direct response to clear the air and spike any false impressions IMO.
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bloomberg article - 11 conditions 12 months, page-35
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