LYC 1.39% $6.56 lynas rare earths limited

two important points made in this article titled "The AELB's...

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    two important points made in this article titled "The AELB's decision was made after it conducted early lab tests and found that the radioactive compound Thorium can be extracted from the WLP.ADVERTISEMENT“By doing so we can remove the residue from being under the purview of Act 304,” he said in a news conference at the Malaysian Space Agency in Taman Tun Dr Ismail here this afternoon."

    1. -------

    “Lynas has to ensure that the radioactive residue from any Water Leach Purification is below 1Bq/g (one becquerel). They can do so with research and development programmes led by local experts.

    “The AELB's decision was made after it conducted early lab tests and found that the radioactive compound Thorium can be extracted from the

    “By doing so we can remove the residue from being under the purview of Act 304,” he said in a news conference at the Malaysian Space Agency in Taman Tun Dr Ismail here this afternoon.



    2. ------

    At today’s press conference, Chang was asked about the levels of waste that Lynas had accumulated so far.

    He replied that Lynas’ current permanent disposal facility can contain 1.6 million metric tonnes of waste and is holding 1.2 million metric tonnes of waste.

    “So Lynas still have about 400,000 metric tonnes of storage left. They'd have to extract the thorium from there to reduce it and make more space. We have asked them to speed up their waste removal and the conditions for that haven't changed,” he said.

    Chang said the Thorium waste can be processed and turned into fuel and sold to countries who can utilise nuclear power.

    ref : https://www.malaymail.com/news/malaysia/2023/10/24/lynas-gets-putrajaya-greenlight-to-import-naturally-occurring-radioactive-material-for-cracking-leaching-in-gebeng-after-licence-deal-amended/98105





 
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