LYC 3.43% $6.34 lynas rare earths limited

the astounding rise of western rare earth extr

  1. 79 Posts.
    Not sure if this was posted before but..

    http://www.businessinsider.com/the-astounding-rise-of-western-rare-earth-extraction-jack-lifton-2012-9

    I found this bit interesting:

    Twelve years ago, Mitsubishi left Malaysia with a $100 million ($100M) mess the government had to clean it up. So when Lynas came along, Malaysian leadership knew more than any other government in the world about this problem. It put the company through an extremely rigorous vetting and the Lynas plant has passed that test?it's got its temporary operating permit. I visited that plant as a guest at the behest of the Malaysian government in May and went through it completely with Lynas management and all questions were answered. In our group was a representative from Germany's Karlsruhe Institute of Technology, and he is the man in charge of decommissioning Germany's nuclear plants. He was there to look at radiation safety. And he remarked to me, "I would move my wife and young children to live in that plant because the background radiation is lower than where I live in Germany."
 
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