LYC 0.39% $7.75 lynas rare earths limited

Ann: Lynas Appeals Condition Imposed on 4 December 2018, page-69

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  1. 1,704 Posts.
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    DD, I had similar concerns, Have searched through the Malaysian legal system for guidance and legal precedents but can find neither. The Lynas appeal is pursuant to the AELAct 1984.
    Lynas must bring these disruptive activities by Minister Yeo to a head as soon as possible to allow the business to plan and operate lawfully and with certainty of tenure. As stated in the 3 January announcement, this appeal is necessary in order to preserve Lynas' rights under Malaysian law.
    I think it is fair to assume there will be significant efforts being made to negotiate a long term solution in accord with Malaysian and International law and best practice as per the intent of existing operating license?
    In previous posts I had assumed the scientific evidence presented by Lynas supported by the economic benefits to Malaysia from the Lynas chemical processing plant would have seen the Malaysian Cabinet unequivocally place its full support behind Lynas.
 
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