LYC 0.34% $5.93 lynas rare earths limited

So many variation and statement from politcian and Media...

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    So many variation and statement from politcian and Media journalist doing their own spin. That's AS LONG Lynas is operating i ignore the media which is NOISE to me. So far to date we have seen these variation from reports:

    So here we have:

    1) Please remove everything say cabinet ministers

    2) Please remove the residue only that cant be comercialize
    says the cabinet ministers

    3) No no we mean please remove everything forget about point 2 re-affirmed the ministers

    4) MCA president Dr Chua Soi Lek contradicts the government by stating the rare earth waste can remain in the country as long as it is below danger level.

    Guys its all noise. Ignore it. We should only take ofical printed statement that is in black and white.



    http://www.freemalaysiatoday.com/category/nation/2012/12/13/remove-lynas-waste-only-if-hazardous/

    PETALING JAYA: MCA president Dr Chua Soi Lek has gone against the Cabinet’s stand on rare earth waste by saying the waste can remain in the country if it is below danger level.
    The by-product of the Lynas rare earth plant in Kuantan should only be exported if it exceeds 1 becquerels per gram (1Bq|g), Chua said in a video blog.
    “Our stand has been consistent that the waste, if it is has radioactivity that exceeds 1Bq|g, it should be exported.
    “How should it be exported is the problem of Lynas,” said Chua in the video blog published yesterday on YouTube.
    MCA’s “consistent” stand appears to clash with a ministerial statement issued earlier this week, which instructs Australian miner Lynas to ensure all residue and by-products from its rare earth refinery be removed from Malaysia.
    The statement, issued by International Trade and Industry Minister Mustapa Mohamed; Science, Technology and Innovation Minister Maximus Ongkili; Natural Resources and Environment Minister Douglas Unggah Embas; and Health Minister Liow Tiong Lai, received the backing of the Cabinet just yesterday.
    But Ongkili had added to the confusion on Tueday by apparently backpedaling on the issue; he stressed that rare earth waste could be sold in Malaysia if Lynas converts it into commercially safe products — a stand which Chua supports.
    “Lynas has come out with the idea that it will reprocess the radioactive waste so that it will become non radioactive and that it can be used locally,” said Chua.
    “Now that needs to be tested,” he said, again contradicting the ministerial statement.
    According to national news agency Bernama, the four ministers had urged Lynas to remove all products made from the residue of the Lynas plant as well as the residue itself — a condition that was stated in the Temporary Operating License (TOL).
    In response, Lynas said it would convert the plant’s water leach purification residues (WLP) into a commercially safe product called “synthetic aggregate”, which would then be exported to other countries according to local and international standards, the Star reported.
    Stop politicising
    Lynas also said the plant to convert the WLP residues had been built in the plant but was not ready for operation.

    “We want the government to monitor [this] closely, and the party has directed the minister of health to be in a committee to monitor Lynas,” said Chua.
    He also urged the public to stop politicising the matter and to stick to the scientific evidence.
    “It is obvious that Lynas has been politicised beyond recognition and there is a lot of emotion attached to it.
    “So lets hope that this project will not be politicised beyond recognition and defy even scientific evidence,” said Chua.
    Lynas began operations earlier this month, with the Atomic Energy Licensing Board reportedly saying this week it will place its officers at the plant to monitor the trial run.
    But many Kuantan residents continue to protest against it, citing environmental and safety concerns.
    Chua responds on Twitter

    In a tweet sent by Chua at 4.40pm today, in an apparent response to this article, he wrote: “I’d like 2 stress that Lynas waste more than 1bq/g must b shipped out, otherwise it must b processed until it’s non radioactive.”
    But in a subsequent tweet, he stated: “it is also up to Lynas on how to handle the processed waste. The waste must not stay in the country.”
 
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