LYC 2.09% $6.09 lynas rare earths limited

New story- same mindset, page-37

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    A bird's eye view of flooded streets and residential houses in Kuantan, eastern Malaysia, outside Kuala Lumpur on December 4, 2013. — AFP pic

    KUALA LUMPUR, Dec 6 — Amid concern that the Lynas rare-earth plant in Kuantan could be threatened by the massive floods sweeping across Pahang, the company today said the site has escaped the deluge and was operating as usual.
    In response to The Malay Mail Online’s query, Lynas Malaysia Sdn Bhd also said its refinery was built according to national and international regulations.

    “The Lynas Plant located in Gebeng Industrial Estate is not affected by the massive floods in Kuantan and the Plant is operating as usual,” it wrote in a brief four-paragraph statement.
    Yesterday, state news agency Bernama reported that over 38,000 people in Pahang have been evacuated from their homes due to severe flooding caused by heavy rain since last Sunday.

    On Wednesday, Bernama reported that Kuantan was almost paralysed, with power and water supply cut off in most parts of the state capital, with the town and its surrounding areas recording flood levels of between one to two metres.
    Today, Lynas also moved to allay fears that the waste stored in its residue storage facility (RSF) would leak into the ground due to the heavy downpour in Kuantan.
    “The Residue Storage Facility (RSF) itself was designed to prevent any leaching to the ground and to the environment and has fulfilled all the national and international standards imposed.
    “The Residue Storage Facilities were designed and constructed to provide sufficient capacity to contain stormwater caused by the worst flood that occurred in this area over the last one hundred years,” Lynas said.

    https://www.malaymail.com/news/mala...lant-in-kuantan-not-flooded-lynas-says/576623
 
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