�To be clear, the Mount Weld rare earth concentrate is not classified as Dangerous Goods by the criteria of the Australian Dangerous Goods Code (ADG Code) for transport by road or rail, and is not classified as Dangerous Goods for transport by sea (International Maritime Dangerous Goods Code 2006),� Lynas said in response to the mounting criticism.
It added that Australia�s Environmental Protection Authority (EPA) had given it the thumbs-up to move its export cargo from Mount Weld to Fremantle port in June 2009.
�The EPA concluded that there was no radiation risk to public health or to the environment,� it said.
Lynas also rubbished comparisons between its operation and that of Magellan Metals that was forced to shut down its shipping operation after its lead cargo was found to have leaked toxins on route.
�The Lynas rare earths concentrate has been irresponsibly compared to lead carbonate concentrate. There can be no comparison between the two.
�Magellan�s lead carbonate concentrate is a toxic material classified as a dangerous good. The Lynas rare earths concentrate is not classified as a dangerous good,� it said
LYC Price at posting:
$2.29 Sentiment: Hold Disclosure: Held
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