FMT article on temp shutdown, page-2

‘Lynas halts production at Malaysian rare earths facilityFinancial Times

SydneyLynas Corp is planning to temporarily shutdown production at its rare earths plant in Malaysia after failing to secure regulatory approval to increase annual production levels from local authorities.This latest regulatory hurdle occurs just as a Malaysian parliamentary committee is due to release a high profile report on the Australian-listed miners’ radioactive waste management practices and its impact on the environment.

Lynas said on Tuesday the temporary shutdown and associated activities would potentially reduce productions volume of NdPr, a substance widely used in the electronics industry, by about 400 tonnes. It said the calendar year limit on the volume of material that Lynas can process in Malaysia would be reset on January 1, enabling production to resume.......’