Excellent, thank you.
Here’s a translation of the Review Report sections above:
TRANSLATION:
‘In this case, it is clear that the operation of Lynas is still subject to the specific terms set forth as follows:
i. conducts research and development (R & D) studies for residues in accordance with the Pre-Packed Incentive Scheme issued by the Malaysian Investment Development Authority (MIDA) dated 12 November 2007 to Lynas;
ii. to submit all technical information such as information on plans and PDF locations within the time period of this license and not more than 10 months from the date of issuance of this license for approval by the Board regardless of whether R & D is commercialization, recycling and reuse of residual material; and
iii. ensuring that all generated residues are taken out of Malaysia if R & D recycling and location are not identified or approved. "
..........
The above conditions should be phased out, as long as the first condition is not feasible, then Lynas needs to take action under the second condition. If the second condition is not feasible, Lynas must take action on the 3rd condition. The decision of 4 Ministers to issue a statement on Lynas also clearly states that if Lynas fails to comply with these conditions, then the residue must be brought out of Malaysia.’
- Forums
- ASX - By Stock
- LYC
- Big words still come out of Malaysia: Contravene
Big words still come out of Malaysia: Contravene, page-9
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B |
Open | High | Low | Value | Volume |
$6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12848 | $6.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.40 | 17965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3600 | 6.360 |
1 | 15000 | 6.350 |
2 | 260 | 6.340 |
3 | 4563 | 6.330 |
4 | 8665 | 6.310 |
Price($) | Vol. | No. |
---|---|---|
6.400 | 10000 | 1 |
6.410 | 24000 | 1 |
6.420 | 203 | 1 |
6.450 | 3291 | 2 |
6.480 | 2100 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |