LYC 3.27% $5.91 lynas rare earths limited

Please note that point 6(ii) of the Joint Announcement that was...

  1. 438 Posts.
    Please note that point 6(ii) of the Joint Announcement that was released today by the Minister of International Trade and Industry and the Minister of Science, Technology and Innovation states:

    ?To move the project forward, Lynas will be required to provide - for AELB?s consideration and approval - a comprehensive long-term detailed plan for waste management, including at the decommissioning and remediation level. This must be done before any further licensing approval can be considered. The Government will ensure that Lynas complies fully with this recommendation of the IAEA Report. Until this is done, the status quo remains: there will be no importation of raw materials into the country, and no operational activities will be allowed on site.?

    This point reflects recommendations 1 and 2 of the IAEA report. It is this plan that needs to be approved by the AELB prior to receiving the pre-operational licence. The AELB is the Malaysian regulatory body with authority approve the plan and issue the pre-operational licence.



    They just have to get 2 points corrected - the waste management. The other issues can be addressed after the pre-operational license has been granted. - and then ramp up to full production.

    And whats wrong with 'NO IMPORTATION of RARE earths into malaysia' - it doesn't take that long to ship there. They don;t have pre-operational license yet anyway so whats the point of shipping the ore over yet?
 
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