LYC 2.50% $6.25 lynas rare earths limited

http://www.reuters.com/article/2012/06/19/malaysia-lynas-idUSL3E8...

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    http://www.reuters.com/article/2012/06/19/malaysia-lynas-idUSL3E8HJ12720120619

    By Anuradha Raghu and Niluksi Koswanage

    KUALA LUMPUR, June 19 (Reuters) - Australia's Lynas Corp is set to clear the final hurdle for its delayed $800 million rare earths plant after Malaysian lawmakers asked the government to issue the miner a temporary operating license despite community safety concerns.

    The recommendations of the six-member lawmaker committee are expected to be rubber stamped by parliament later on Tuesday, clearing the way for Lynas to start operating the plant that is key to breaking China's grip on rare earths used in products ranging from Apple Inc's smartphones to Honda Motors' hybrid cars.

    "It's another in a long line of affirmations for the safety of the Lynas plant," said a Lynas spokesman in Australia......continue

 
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