LYC 2.37% $7.78 lynas rare earths limited

aelb time for final decision - time frame???, page-34

  1. 5,301 Posts.
    Wiki from there website, Its pretty clear they are a governement agency who reports to the malay government, does a dog ever go against it's master???? Not saying they are being put on a go slow by mosti but if they were asked to drag there heals they would!

    The functions of AELB as stated in Act 304 are as follows :

    To advise the Minister and the government of Malaysia on matters relating to the Atomic Energy Licensing Act 1984 and developments pertaining thereto with particular reference to the implications of such developments for Malaysia ;

    To exercise and supervision over the production, application and use of atomic energy and matters incidental thereto ;

    To establish, maintain and develop scientific and technical co-operation with such other bodies, institutions or organizations in relation to nuclear matters or atomic energy as the Board thinks fit for the purposes of the Atomic Energy Licensing Act 1984 ;

    Where so directed by the government of Malaysia, to perform or provide for the performance of the obligations arising from agreements, conventions or treaties relating to nuclear matters or atomic energy to which Malaysia is a party where such agreements, conventions or treaties relate to the purposes of the Atomic Energy Licensing Act 1984 ; and

    To do such other things arising out of or consequential to the functions of the Board under the Atomic Energy Licensing Act 1984 which are not inconsistent with the purposes of this Act, whether or not directed by the Minister.
 
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