LYC 0.63% $6.34 lynas rare earths limited

TOKYO, May 30 (Reuters) - Malaysian Prime Minister Mahathir...

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    TOKYO, May 30 (Reuters) - Malaysian Prime Minister Mahathir Mohamad said on Thursday that Malaysia will allow Australian rare earths producer Lynas Corp to keep operating a processing plant in the country.

    "We think we'll have to renew the license," Mahathir told reporters at a press conference in Tokyo.

    Lynas (LYC) operates a $800 million plant in Malaysia that refines ore from a rare earths mine in Australia but the facility's future was unclear as Mahathir's government had halted the process for renewing its licence because of waste disposal concerns.

 
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