News: LYC Lynas shares jump after Malaysia review sounds more conciliatory

MELBOURNE, Oct 5 (Reuters) - Shares in Australian rare-earth minerals miner Lynas Corp (LYC) jumped more than 8 percent on Friday after the chief of an environmental review into the company's Malaysian plant was quoted as sounding more conciliatory than previously.

• Shares in Lynas were up 8.6 percent by 0517 GMT to A$1.77 ($1.25).
• Chairman Fuziah Salleh who is running an environmental review into Lynas' rare earths processing plant said that her environmental audit committee acknowledged Lynas and its employees were important stakeholders in the review, according to a report in Malaysia's The Star newspaper on Friday.
• The chairman also said that the review, on behalf of Malaysia's government, would be made transparent, in comments made more broadly earlier in the week.
• Fuziah had said earlier this week that the review would focus on the plant's radioactive waste emissions.
• Concerns that Malaysia's newly elected government could close down Lynas' six-year-old plant, the only processor outside of China of the rare earths used in industrial magnets, sent shares of the firm skidding 27 percent lower last month.

($1 = 1.4154 Australian dollars)