MINISTER DISMISSES APPEAL AGAINST THE AELB’S DECISION TO APPROVE...

MINISTER DISMISSES APPEAL AGAINST THE AELB’S DECISION TO APPROVE THE
TEMPORARY OPERATING LICENCE FOR LAMP
Lynas Corporation (ASX:LYC, OTC:LYSDY) is pleased to announce that the appeal, which
was lodged under the Atomic Energy Licensing Act in relation to the decision of the Malaysian
Atomic Energy Licensing Board (AELB) to approve the issuance of a temporary operating
licence (TOL) for the Lynas Advanced Materials Plant (LAMP), has been dismissed by the
Minister of Innovation, Science and Technology, YB Dato’ Seri Panglima Dr. Maximus Johnity
Ongkili. In dismissing the appeal, the Minister affirmed the 1 February 2012 decision of the
AELB to approve the issuance of the TOL.
A copy of the Minister’s press release setting out details of his decision and the conditions of
the TOL is attached to this announcement.
Lynas has readily available solutions to satisfy the new conditions announced by the Minister.
The next step will be the tabling and debate of the Parliamentary Select Committee's Report.
Lynas looks forward to completion of the regulatory and political processes in Malaysia as
soon as possible.
“The decision by the Minister is the latest in a long line of rulings and approvals where Lynas
has been assessed and judged to have complied with Malaysian and international regulatory
standards,” said Lynas Executive Chairman Nicholas Curtis.
“The Malaysian Department of Environment, the International Atomic Energy Agency, the
Malaysian Atomic Energy Licensing Board, and now the Minister of Science, Technology and
Innovation have all scrutinised various aspects of Lynas’ plant and compliance with the
required domestic and international standards, and all have found in favour of Lynas.”
“Lynas has passed every review it has been subject to, and we now look forward to the
issuance of the TOL.”
Mr Curtis said Lynas is continuing its long-running community engagement program that, since
July 2011, has involved direct communication with more than 10,000 local residents, community
leaders, villagers and their families.
“The Lynas plant is safe for everyone concerned and we look forward to demonstrating that to the
Malaysian community,” Mr Curtis said.