LYC 0.64% $7.72 lynas rare earths limited

Ann: Clarification of Media Reports, page-6

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  1. RVR
    6,366 Posts.
    lightbulb Created with Sketch. 2367
    An excellent, clear exposition of the LEGAL basis of Lynas’s licences to operate - up to the present.
    ‘.... Consistent with the licence conditions noted above, the letter signed by the then Lynas Corporation Executive Chairman on 23 February 2012 explicitly states: “Lynas Corporation Australia hereby gives a full undertaking to, if necessary, remove from Malaysia all waste generated by the Lynas Advance Material Plant in Gebeng, Kuantan DURING THE TEMPORARY OPERATING PERIOD” (ie, only during the period 3Sep12 to 2Sep14!)
    Thus this undertaking has no basis in law under the recent operating permits.
    Last edited by RVR: 14/12/18
 
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