LYC 0.34% $5.93 lynas rare earths limited

The minister's statement was storm in a teacup however it has...

  1. 128 Posts.
    The minister's statement was storm in a teacup however it has given much needed oxygen to the opposition. Fauziah who was missing in action knowing that no more mileage was obtainable has quickly resurfaced calling for immediate scrapping of lynas now. Lynas must pressed on full frontal assault and take whatever action to deprived them of oxygen again. I cannot understand what the ministers have hope to achieve in their joint press conference, it was a bad mistake. Then again mistakes are made over and over again. Ministers please zip up is a reality and any oxygen given is co2 to lynas.

    PUTRAJAYA, Dec 11 – Science, Technology and Innovation Minister Datuk Seri Dr Maximus Ongkili said that Lynas had proposed to convert the waste into products which had a radioactivity amount of below one becquerel per gramme, which would make them ordinary products usable for industrial purposes.

    “One becquerel is what the quarries are producing, and the standard in Malaysia is even higher than the international standard, that is, five becquerel per gramme.”

    He said this after opening the Ninth Malaysia Plan Research, Development and Commercialisation Output Convention at the Putrajaya International Convention Centre.

    Asked whether the products could then be marketed in Malaysia, Ongkili (picture) said it was up to Lynas.

    “They have to find the market. But it is not classified as dangerous anymore and instead it falls under the Environment Quality Act (which is no longer under his jurisdiction),” he said.

    Ongkili also reiterated that the safety issue had been the government’s main concern since the beginnning, that was why international standards had been made the guidelines and various processes had been gone through before the plant was granted a temporary operating licence.

    The waste issue came to light when there was a news reports quoting DAP secretary-general Lim Guan Eng as saying that Lynas managing director Mashal Ahmad had admitted that the company would not be exporting the waste.

    Lynas, however, denied that such a statement had been made, and said that the converted product called synthetic aggregate would be exported to other countries in accordance with international and local standards and regulations where it would be used as civil engineering material. – Bernama
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.93
Change
-0.020(0.34%)
Mkt cap ! $5.542B
Open High Low Value Volume
$6.04 $6.04 $5.93 $23.75M 3.975M

Buyers (Bids)

No. Vol. Price($)
8 128544 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.95 12481 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.