LYC 0.37% $6.77 lynas rare earths limited

lynas ready to go in 3 weeks 97% complete

  1. 128 Posts.
    operations in three weeks
    By ONG HAN SEAN




    KUANTAN: The Lynas rare earth refinery is ready to begin operations in three weeks, said managing director Datuk Mashal Ahmad.

    He said that the first phase of the plant was 97% complete, and the only obstacle was the issuance of the temporary operating license by the Atomic Energy Licensing Board (AELB).

    "The licence has been approved but we have yet to receive it. Lynas has already fulfilled all the conditions stipulated for the licence to be issued and we are just waiting.

    "We hope it can be issued very soon because we need to start operations," Mashal told reporters at the plant in Gebeng here Tuesday.

    He added that it would take one month just to import the rare earth and that it could not be brought into Malaysia without the licence.

    Mashal also said the setting up of the parliamentary select committee to look into issues surrounding the plant was much welcomed.

    "We are looking forward to be called up to give our explanations. The faster, the better," he said.

    Also present at the press conference was Lynas Corporation president and chief operating officer Eric Noyrez.

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