Key paras:
‘...2. Progress on Malaysian Regulatory issues
On 30 May 2019, the Prime Minister of Malaysia, Dr Mahathir, made comments about Lynas during a press conference. We welcomed the Prime Minister’s comments, which acknowledged the importance of the continuation of Lynas’ operations in Malaysia.
On the same day, the Malaysian Minister for Water, Land and Natural Resources, Dr Xavier Jayakumar, announced that groundwater monitoring around Lynas Malaysia showed that our operations have not affected the groundwater. This was subsequently confirmed by the Deputy Secretary General in Malaysia’s Ministry of Energy Science, Technology, Environment and Climate Change (MESTECC), Dr Nagulendran Kangayatkarasu. We see this scientific clarification as a further positive indication of science-based decision making.
Lynas remains confident of a resolution to the remaining issues related to our WLP residue, which is classified as very low level radioactive material under International Atomic Energy Agency (IAEA) guidelines, and we continue to work with the Malaysian government seeking agreement to conditions for the renewal of our operating license which is due on 2 September 2019. At the same time, Lynas is continuing to progress the formal appeal announced on 3 January 2019. The appeal hearing date has been set for 28 June 2019 and we will keep shareholders updated on both our ongoing discussions and on the appeal process.
Other work relating to the renewal of our operating license is being completed in line with normal license renewal processes’
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