LYC 1.48% $5.98 lynas rare earths limited

News: LYC Malaysia asks rare earths firm Lynas for waste disposal plan before licence renewal

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    KUALA LUMPUR, Aug 1 (Reuters) - Malaysia is waiting for Australia's Lynas Corp (LYC) to tell it how the company would deal with waste from an $800 million rare earths processing plant before its license is renewed, Malaysian Prime Minister Mahathir Mohamad said on Thursday.

    "We are giving this condition to Lynas that they should have a plan for dealing with the waste," Mahathir told reporters. "We are waiting for them to tell us how they will do that, whether they find a place where they can deposit the waste or not." (([email protected]; +60 18661 7562, +60323338022; Reuters Messaging: [email protected], Twitter: http//twitter.com/krishnadas56))

 
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