LYC 0.34% $5.93 lynas rare earths limited

new aelb update

  1. 3,069 Posts.
    http://www.aelb.gov.my/aelb/malay/teks/lynas_faq.asp

    has been updated with

    •FAQ Lynas - Compilation of FAQs From Feb 3rd to Apr 15th 2012

    (above the recent 8th Aug update)

    http://www.aelb.gov.my/aelb/malay/dokumen/lynas/faq/Compilation_of_FAQs_03022012-15042012.pdf

    When exactly will the plant be fired up? Under TOL?

    The license will be issued when all requirements have been met among others are the financial guarantee, third party assessor, monitoring system, etc.

    Is there a deadline for the first installment to be paid?

    It is not the AELB that is faced with commercial interest and therefore AELB has left it to the licensee to decide when they would like to submit. AELB is not in the business of meeting Lynas’s deadlines.

    When will AELB be appointing an independent assessor?

    AELB has begun the process of looking for the third party independent assessor that is recognized by other regulatory authorities. They must have experience in such chemical plants and the production of naturally occurring radionuclides and the residues. The selection of the third party assessor will follow the financial procedures for the acquisition of professional services.


    Yes, it's action stations at AELB Central.

    Ausheds, check your private message
 
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