Malaysia have announced extraordinary new conditions on the LAMP's operations. Specifically, they require that cracking and leaching must happen BEFORE material arrives in Malaysia. That leaves several hundred million dollars of investment in the LAMP redundant after its operation was agreed and licensed prior to its construction and ramp up. It also ignores all the expert advice on the handling of the residues, the confirmed effectiveness and safety of condisoil, the availability of the PDF option and International best practice. Does anyone here know what WTO rules and International Law say about such situations? I'd expect Lynas have legal protection against such actions and I'd expect Lynas to demand such protection through the appropriate courts.
LYC Price at posting:
$2.11 Sentiment: Hold Disclosure: Held
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