LYC 0.48% $6.26 lynas rare earths limited

KUANTAN: Lynas Malaysia is prepared to comply with the executive...

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    KUANTAN: Lynas Malaysia is prepared to comply with the executive review committee’s recommendation to store its water leach purification (WLP) residue in a permanent disposal facility (PDF).Its managing director Datuk Mashal Ahmad said the Pakatan Harapan government’s review committee had taken a diligent, scientific approach by visiting the Lynas Malaysia facility and held meetings with the management, scientific experts, community members and groups opposed to Lynas.“Following this, the review committee found Lynas Malaysia’s operations are low risk, compliant with relevant regulations and residue storage facilities are operated in a proper manner.“These findings are consistent with several independent and scientific reviews, including by the International Atomic Energy Agency. The review committee also made recommendations, including for Lynas Malaysia to site and build a PDF for the WLP residue.Mashal added that the company believes the review committee’s recommendations should be followed and that all assessment of its operations should be based on scientific facts and evidence, not unsupported assertions.He said this was in contrast with the parliamentary caucus committee, which Lynas Malaysia had invited to visit the plant or to receive a briefing on its operations.“Lynas Malaysia has also confirmed its invitations to the Energy, Science, Technology, Environment and Climate Change Minister.“To date, all except one member of the caucus have either declined or not responded to our hand-delivered invitations. This is disappointing as many assertions made by the committee are incorrect and we wish to ensure that all members have access to the facts,” said Mashal.Mashal said all three consecutive operating licences issued by the Atomic Energy Licensing Board (AELB) required Lynas Malaysia to carry out research and development on the safe reuse of the WLP residue generated.“If that proves impractical, the licence conditions require Lynas Malaysia to site, construct and build a PDF to store the WLP residue. Lynas Malaysia is only required to export the WLP out of Malaysia if both of the previous options are not available,” he said.Read more at https://www.thestar.com.my/news/nation/2019/04/04/lynas-ready-to-comply-with-storage-advice/#Y3baJgFzBqvAiumb.99
 
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