LYC 2.68% $6.51 lynas rare earths limited

postponement until nov 8th

  1. 1,989 Posts.
    http://www.reuters.com/article/2012/10/10/us-lynas-malaysia-idUSBRE89906920121010

    Malaysia license for Lynas plant on hold: lawyer


    Malaysia licence for Lynas plant on hold -lawyer
    1:35am EDT
    Malaysia court keeps Lynas operating license on hold
    Thu, Oct 4 2012
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    KUALA LUMPUR | Wed Oct 10, 2012 1:37am EDT
    (Reuters) - A Malaysian court has kept on hold a license granted to Lynas Corp Ltd's controversial rare earth plant, delaying until next month a decision on whether it will consider judicial reviews aimed at permanently blocking production, a lawyer said.

    Hon Kai Ping, a lawyer for the environmental group involved in the case, said the decision had been delayed by the court until November 8.

    Activists linked to the environmental group Save Malaysia Stop Lynas want the Kuantan High Court to suspend the license until two judicial review cases challenging the government's decision allowing the plant to operate are heard.

    The temporary operating license granted to Lynas has been on hold since September 25.
 
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