LYC 2.36% $6.06 lynas rare earths limited

siemens lands mega wind turbine deal in the ne, page-9

  1. 5,056 Posts.
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    Dimulos,
    Not sure why you assume Lynas can not sell any of its co products.
    Approval for the commercialisation of the co products is ongoing and once given regulatory approval, I doubt Lynas will have any issues selling the co product/synthetic fertilizer/ soil conditioner.
    Essentialy, any legal action by SMSL in the future will result in the same outcome as past legal action, ultimate failure IMO.

    The TOL has two key conditions with respect to the solid residues from the LAMP. The key obligations of Lynas are – a) to undertake R&D on the commercialization, recycling and re-use of residue materials subject to a condition that the material re-used must be below 1 Bq/g and b) to submit the plans and location of a Permanent Disposal Facility. These conditions are to be satisfied within 10 months of the issuance of the TOL in Sepember 2012. Lynas is confident of satisfying these conditions. Lynas is conducting detailed commercialization activity with respect to the residue to safely commercialize that material and to deal with it in accordance with the TOL. Lynas has constructed a plant at the LAMP which is now ready to convert the WLP residue into co- products for market trials.
    In addition, as noted in Lynas’ ASX announcements dated 28 August 2012 and 5 September 2012, and in accordance with the undertakings given to the AELB at the time of receipt of the TOL, Lynas will ensure that all residue material that is the source of concern to the Malaysian public will be converted into co-products, and exported from Malaysia if the co-products are not approved for use in Malaysia and an acceptable location for the Permanent Disposal Facility is not approved. The co-products must be in a form acceptable for international markets and in accordance with all Malaysian regulations and international conventions.
    https://www.lynascorp.com/Announcements/2012/Residue_update_11122012_v3_1179360.pdf
 
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