LYC 2.03% $6.74 lynas rare earths limited

lamp - no longer a political issue?, page-13

  1. tpg
    1,735 Posts.
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    dink or tom thumb

    this is not a political bulletin board
    the approval and regulatory process imposed on lynas was way beyond what should have been necessary for a complying industry in an industrial park
    the one marginally radioactive by-product is less radioactive and off lower volume than what is pumped out by a number of other industries in malaysia namely tin smelting and coal fired power
    the whole thing was a political beat up in a marginal electorate
    any sane review eg AELB, IAEA, PSC, MOSTI minister, by several judges etc etc so far has shown it to be hazard free and under control by appropriate processes
    it was a soft target being non essential and foreign based

    yes business in malaysia involves politics - talk to gunns about the same in Oz



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