LYC 0.00% $6.51 lynas rare earths limited

"already got answers for 2 new condition's"

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    http://www.reuters.com/article/2012/06/15/malaysia-lynas-idUSL3E8HF33720120615

    A statement from the Science, Technology and Innovation Ministry, which considered the appeal, said there was "no strong justification nor scientific or technical basis" to set aside the temporary operating licence given to the plant in January.

    But the ministry told Lynas, which started building the 2.5 billion ringgit ($800 million) plant on Malaysia's east coast two years ago, it must take extra steps to prevent any radiation leakage before a suspension of the licence will be lifted.

    Under the new conditions imposed, the firm must submit plans to immobilise radioactive elements in the waste it will produce and come up with an emergency response plan on dust control.

    "We already have the answers for the two new conditions," Mashal Ahmad, the plant's managing director told Reuters.

    The ministry's decision removes the bigger of two hurdles remaining before the plant can start production. A parliamentary select committee looking into the plant's safety is expected to release its report on Monday, with a debate to be held the day after.

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