LYC 1.65% $7.75 lynas rare earths limited

The following is a google translation of the article(malay...

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    The following is a google translation of the article(malay version)
    The cabinet today agreed to extend its license to operate the Lynas rare earth processing plant in Gebeng, Kuantan for three years until 2023, sources close to the cabinet said.
    A source, speaking to Malaysiakini on condition of anonymity, said the matter would be announced by the Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin.
    Lynas got the cabinet's approval after the Australian company complied with three requirements set by the government, another close to the government said.
    The source however refused to disclose the terms.
    Meanwhile, other sources told the media that DAP ministers Lim Guan Eng and Yeo personally opposed the matter when the Lynas issue was raised at a cabinet meeting today.
    On August 15, 2019, the cabinet granted Lynas a six-month license, effective from Sept 3, 2019 until March 2, 2020.
    At that time, the renewal of the license was approved with a number of key requirements including transferring the process of dissolution and disposal to other countries and the construction of permanent disposal facilities.
    Lynas recently announced that it had obtained the approval of the Pahang state government to use the Crab Hill in Kuantan as a WLP waste dump.
 
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