Can you remember why Lynas were enticed to Malaysia in the first place?
Well jantimont, I can't recall and from my research it was do to the fact:Trending searches
...in 2011/2012 Malaysia had a clear yet naive business path that did not have the anointed saviors Fuziah, Mr. Wrong and kitty Yeo. Still does this very day thanks to Dr. M and his decision to not be firm against the zealots but rather a Tangential. Do you got a better answer jantimont? And please sir, try not to be tangential too.Transcript360 View of
LYNAS
What is LYNAS?
Lynas is an Australian rare earths mining company
What is Rare Earths?
Rare earths are a group of 17 chemically similar elements crucial to the manufacture of many hi-tech products.
What's going on now?
CAUSES
Regulations
- Malaysia has a clear legal framework, strict, and clear regulations
- Government with a vision for value added industry.
Location
- Gebeng is a well-established industrial park with good port facilities and skilled workforce
- Gebeng also has dependable power and utility supplies and a very good infrastructure.
Manpower
- "the facility will create nearly 350 skilled job at the LAMP, plus a multiplier of 5-8 times that in secondary jobs through the economic ecosystem created by the plant."
- Lynas is managed by Malaysians.
Economical
- Lynas choose Malaysia for economic reasons
- "choose Malaysia because it makes better business sense to be close to global customers"
- Malaysia seeks to grow to achieve high-income nation status in a way that is inclusive, sustainable and safe.
EFFECTS
Environment
- Rare earth rock been process by hydrometallurgical and acid bath cause water pollution
- tenorn
- The rare earth after process left as waste that contain radioactivity cause land pollution and harmful toward surrounding living things
People
- People in Malaysia may face high risk of cancer due to radioactive waste.
- These material exported from Australia left in Malysia as waste.
- eg:Incident Bukit Merah
Economics
- In short term: it bring up of the economics of Malaysia
- In long term:It ruin the economics of Malaysia
What do you think?
Is it a trouble?
Lynas Corporation LTD is constructing a
Rare Earths processing plant called
Lynas Advanced Materials Plant (LAMP)
at Gebeng Pahang, Malaysia.
Thanks in Advance, TD
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News: LYC Get cracking: Lynas scouts for rare earths plant to meet Malaysian demands, page-48
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