LYC 2.06% $7.94 lynas rare earths limited

News: LYC Lynas Says Malaysian Operating Licence Renewed

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    Feb 14 (Reuters) - Lynas Rare Earths Ltd (LYC) :

    • MALAYSIAN OPERATING LICENCE RENEWED
    • OPERATING LICENCE HAS BEEN RENEWED WITH NO CHANGE TO LICENCE CONDITIONS FOR MALAYSIA LICENSE
    • CONDITIONS PROHIBIT IMPORT AND PROCESSING OF LANTHANIDE CONCENTRATE AFTER 1 JULY 2023
    • WILL CONTINUE WITH NEW FEEDSTOCK SOURCED FROM LYNAS' KALGOORLIE RARE PROCESSING FACILITY ONCE OPERATIONAL
    • IF CONDITIONS FROM MALAYSIAN REGULATOR NOT REMOVED BY 1 JULY, WILL REQUIRE CLOSURE OF CRACKING AND LEACHING COMPONENT OF MALAYSIA PLANT
    • OTHER PROCESSES AT LYNAS MALAYSIA PLANT NOT COVERED BY CONDITIONS
    • WILL SEEK REVIEW THROUGH THESE ADMINISTRATIVE AND LEGAL PROCESSES IN RESPECT OF CONDITIONS
    • OTHER PROCESSES AT LYNAS MALAYSIA PLANT WILL CONTINUE WITH NEW FEEDSTOCK SOURCED FROM KALGOORLIE RARE PROCESSING FACILITY ONCE OPERATIONAL
 
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