LYC 0.34% $5.93 lynas rare earths limited

MCA President Datuk Seri Chua Soi Lek today made a statement...

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    MCA President Datuk Seri Chua Soi Lek today made a statement which confirms what Ongkili the Science Technology and Innovation Minister said on Tuesday which is also in line with Lynas' trading halt clarification.

    From MCA President Datuk Seri Chua Soi Lek (today)
    http://www.youtube.com/watch?v=eu4JzIKv-_E&feature=g-user-u
    =====> Can be produced and marketed in Malaysia if under 1Bq/g, if over need to get it exported.


    From Ongkili on Tuesday
    http://thestar.com.my/news/story.asp?file=%2F2012%2F12%2F11%2Fnation%2F20121211175203&sec=nation
    =====>Ongkili stressed that Lynas must comply with the conditions of the Temporary Operating Licence (TOL) issued to it, which was to remove from Malaysia all residue generated by the plant, including all products made from the residue.
    “In that processing stage, (if) the rate of radioactivity goes below 1 Bq per gram, then it doesn't come under the Atomic Energy Licensing Act 1984 anymore.

    “It becomes just an ordinary product with ordinary residue that can be used for industrial purposes.

    From Curtis Tuesday
    http://www.asx.com.au/asxpdf/20121211/pdf/42bvztl19wjsjp.pdf
    ====>"Lynas will ensure that all residue material that is the source of concern to the Malaysian public will be converted into co-products, and exported from Malaysia if the co-products are NOT APPROVED for use in Malaysia.."

    Anything that comes out of Malaysiakini, Freemalaysiatoday, MalaysiaChronicals or Malaysianinsider CAN NOT BE TRUSTED.
 
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