Lynas CEO Amanda Lacaze said: “Our preferred course of action remains to resolve these issues through our ongoing discussions with the Malaysian government. However the statute in Malaysia requires that an appeal must be filed within 30 days, otherwise we may lose some rights of appeal. The statute requires that this initial appeal is lodged with the Minister of MESTECC. Key issues in relation to the new condition include the availability of regulatory approvals, the proposed timetable for export of WLP residue and the significant cost. We look forward to continued discussions with the Malaysian government to seek to resolve these issues. Today’s appeal has been filed to preserve our legal rights while those discussions are ongoing.
Whilst the decision remains with the minister and can not be appealed in any court all the details around the decision most likely can be. As the minister has chosen to take until the end of June to hear the appeal will not hold the minister in good stead. It gives Dr. Mahathir good reason to take Lynas from the MESTECC portfolio.
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