LYC 2.73% $6.40 lynas rare earths limited

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  1. 1,989 Posts.


    1. Lynas Malaysia
    LYNAS: Myth or Fact

    There have been allegations that Lynas takes advantage of weaknesses in Malaysian law by proposing China standards. This is FALSE.

    The fact is: Lynas adheres to all Malaysian and Australian laws and International standards. NOT China’s standards. Malaysian law is equivalent to if not stricter than International law.

    [IMG][IMG]http://profile.ak.fbcdn.net/hprofile-ak-snc4/188122_159421427449621_2556123_q.jpg[/IMG][/IMG]

    2. LYNAS: Myth or Fact

    Australian law restricts construction of such a plant within 35km radius of residential areas. This is FALSE.

    The fact: There is no such law under Australian or International law. The nearest town to Mt Weld is Laverton which is 35 km away. This distance has been misquoted by the opposition as an Australian requirement.
 
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