LYC 2.72% $7.14 lynas rare earths limited

Silence is Deafening..., page-6

  1. 19,587 Posts.
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    Disagree:

    "Its managing director and chief executive officer, Amanda Lacaze, said the committee, which was up earlier this month, would scrutinise the conditions set by the ministry to remove water leached purification (WLP) residue which contain radioactive material from Malaysia for the renewal of the plant’s operating licence.

    Lynas is also required to submit an action plan for the disposal of non-radioactive neutralisation underflow residue (NUF) scheduled waste.

    “We have agreed to work closely with the government to find a solution,” she said at a Chinese New Year celebration hosted by Lynas at an old folks home in Jabor, here, today.

    “In fact, we will work with all the related departments and agencies in the ministry on a permanent disposal facility (PDF) for WLP residue.


    “Last week, we issued a statement to the Australian Securities Exchange that we have agreed to the government’s action plan on NUF management, options for commercialisation, to reuse and PDF.”"

    https://www.nst.com.my/news/nation/2019/02/463027/lynas-sets-action-committee-radioactive-waste

    The way I read that Lynas is working with the adults to find a compromise situation that works.

    Yeo Inc's position that WLP 6bq might be hazardous, at some point in the future, looks increasingly isolated. An adult alternative approved by a majority of the working committee, presumably professionals distinct politicians, would only make that more so.

    Third hand, but a professional source recently reported Cabinet is yet to rule on the issue. Should that be the case I'll suggest Lynas working hard to ensure the committee submits a solid working compromise vs the hard line rhetoric.
 
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