Congrats to all holders! A lot of shorters will be sore...

Congrats to all holders! A lot of shorters will be sore tomorrow... :)

http://www.aelb.gov.my/aelb/engv/text/engindex.asp

Just the facts from the AELB:

PRESS STATEMENT
BY EXECUTIVE SECRETARY,
ATOMIC ENERGY LICENSING BOARD (BOARD)

DECISION ON THE ISSUANCE OF THE TEMPORARY OPERATING LICENCE (TOL) TO LYNAS (MALAYSIA) SDN. BHD.

1. The Atomic Energy Licensing Board (Board) at its meeting on 30 January 2012 had decided to approve the application for a TOL by Lynas (Malaysia) Sdn. Bhd. (Lynas), subject to several conditions. The TOL, however, was not issued since Lynas need to fulfil additional conditions under Act 304 and its subsidiary regulations.

2. The Board at its meeting on Monday, 3 September 2012, was satisfied that Lynas has fulfilled all technical aspects, including the institution of dust control measures and radioactivity immobilisation methodologies in its residue management system, and all regulatory requirements. The Board also took note that Lynas has made a commitment to remove from Malaysia the Water Leach Purification residue arising from its LAMP project. In this regard, the Board has decided to issue the TOL to Lynas, to be effective for two years from 3 September 2012 to 2 September 2014. The TOL will enable Lynas to conduct trial processing of lanthanide concentrates in stages and in limited quantities under close and continuous surveillance by the authorities.


Atomic Energy Licensing Board
Ministry of Science, Technology and Innovation (MOSTI)
5 September 2012

Note:

A Press Briefing will be held at 10 am, Bilik Mesyuarat Lembaga, Ibu Pejabat Lembaga Perlesenan Tenaga Atom, Batu 24 Jalan Dengkil, 43800 Selangor on Friday 7 September 2012.

Cheers,

BS2