LYC 1.32% $6.90 lynas rare earths limited

and now for something completely different, page-12

  1. 19,585 Posts.
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    Readers comment on Raremetalblog:

    "From the most recent FAQ about Lynas at the AELB.GOV.MY-site:
    QUOTE
    Question:
    In the worst case scenario of a radioactive leak, is the Board ready for such scenario and do AELB has plans on how to manage the waste that sink down to the soil, to the ground and stuff like that. How do AELB combat this? Is the condition that wants Lynas to stop operation asked for EIA details and in AELB view, do AELB think it’s necessary to determine the safety of the plant?
    Answer:
    Lynas is not Malaysia’s first mineral processing facility that AELB has licensed. Malaysia was the world’s no.1 producer of tin. Along with tin, there’s always Thorium and Uranium and therefore this is not Malaysia’s first facility. AELB has experience to handle this, to overcome this and AELB is prepared. There are more than 10 facilities that are very similar to Lynas. Some of them are producing higher residues, higher concentration of Uranium and Thorium. AELB has been able to regulate and control these factories, so it is based on AELB experience and the experience of the industry abroad.
    END QUOTE

    So what's the problem with Lynas?"

    http://www.raremetalblog.com/2012/08/aussie-tall-poppy-syndrome-strikes-two-global-leaders-alkane-lynas.html#more
 
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