TOKYO, May 30 (Reuters) - Malaysian Prime Minister Mahathir Mohamad said on Thursday that Malaysia will allow Australian rare earths producer Lynas Corp to keep operating a processing plant in the country.
"We think we'll have to renew the license," Mahathir told reporters at a press conference in Tokyo.
Lynas (LYC) operates a $800 million plant in Malaysia that refines ore from a rare earths mine in Australia but the facility's future was unclear as Mahathir's government had halted the process for renewing its licence because of waste disposal concerns.
News: LYC Malaysia to let Lynas continue running rare earths plant - Prime Minister
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