Did I missed something?
Excerpt:
DJ UPDATE: Lynas Seeks Temporary License For Rare-Earth Refinery In Malaysia
03-jan-2012
KUALA LUMPUR (Dow Jones)--Australian miner Lynas Corp. (LYC.AU) has applied for a temporary license to operate a rare-earth refinery in Malaysia, the Malaysian government said Tuesday.
The company's application will be forwarded to Malaysia's Atomic Energy Licensing Board for consideration, the Ministry of Science, Technology and Innovation said on its website.
...
The application, if approved, would be a major step forward for the project following delays after a report by the International Atomic Energy Agency in July last year backed the project but recommended Lynas draft a detailed plan on how it would dispose of the waste.
The Atomic Energy Licensing Board will take up to seven months to review and process the application before making a decision, the board's director-general, Abdul Aziz Adnan, told Dow Jones Newswires. Once it is approved, the license would be valid for up to two years, he said.
However, Lynas won't be allowed to operate the plant at full capacity with the temporary license. "It will be a controlled situation all the way and production will be under close scrutiny," Abdul Aziz said.
Lynas wasn't immediately available for comment. Lynas Executive Chairman Nick Curtis said Nov. 30 the company was in the "final stages of the regulatory approvals process" for the license and that the company had submitted all the requested documentation.
-By Jason Ng, Dow Jones Newswires; +603-2026-1233; [email protected]
- Forums
- ASX - By Stock
- LYC
- up to seven month to approve?
up to seven month to approve?
-
- There are more pages in this discussion • 9 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
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.55 |
Change
-0.165(2.14%) |
Mkt cap ! $7.038B |
Open | High | Low | Value | Volume |
$7.65 | $7.65 | $7.54 | $1.354M | 179.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 5143 | $7.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.56 | 11442 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 5937 | 7.560 |
10 | 19481 | 7.550 |
6 | 9321 | 7.540 |
6 | 17365 | 7.530 |
5 | 19227 | 7.520 |
Price($) | Vol. | No. |
---|---|---|
7.570 | 4202 | 16 |
7.580 | 6898 | 14 |
7.590 | 15056 | 23 |
7.600 | 8980 | 12 |
7.610 | 13917 | 14 |
Last trade - 10.46am 04/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |