LYC 0.87% $8.09 lynas rare earths limited

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    Lynas confident of licence renewal

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    The Lynas rare earths plant in Gebeng, Kuantan. (Reuters pic)

    KUANTAN: Lynas Malaysia is confident of getting its operating licence renewed ahead of the expiry of the six-month licence on March 2.

    At a press conference today, the rare earths company’s vice-president and managing director Mashal Ahmad said they also hoped to get a three-year licence extension, like they used to get.

    Until the change of government in the 14th general election, Lynas had received a three-year operating licence extension for the Lynas Advanced Materials Plant here in Gebeng, Kuantan.

    In August, the Atomic Energy Licensing Board renewed Lynas’ licence on condition that it move its cracking and leaching process out of the country and that it identify a site to construct a permanent waste disposal facility.
    .
    freemalaysiatoday.com

 
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