LYC 0.34% $5.93 lynas rare earths limited

nov 30th next case

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    http://uk.finance.yahoo.com/news/malaysia-court-declines-appeal-suspend-051438567.html

    Malaysia court declines appeal to suspend Lynas plant

    Reuters – 15 minutes ago
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    LYC.AX 0.655 0.00
    KUALA LUMPUR, Nov 14 (Reuters) - A Malaysian court on Wednesday declined to temporarily suspend the licence granted to Lynas Corp Ltd's controversial rare earths plant as it waits to hear an application to permanently block the plant, activists said.

    Activists linked to the environmental group Save Malaysia Stop Lynas were appealing the Kuantan High Court's decision last week to lift the suspension on the temporary operating licence granted to Australia's Lynas.


    After dismissing the appeal, the court set Nov. 30 for the next hearing on the case, a lawyer for the activists told Reuters.

    They wanted the court to suspend the licence until two judicial review cases challenging the government's decision allowing the plant to operate are heard.
    Lynas temporary operating licence for the $800 million plant early in September, had aimed to start production this month. (Reporting by Siva Sithraputhran, editing by Stuart Grudgings)
 
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