LYC 1.52% $8.02 lynas rare earths limited

I sometimes come across Australian media reports where...

  1. 98 Posts.
    I sometimes come across Australian media reports where practically every fact is wrong. Folks, here is a great example (see below).

    It's almost too obvious to make the points but:
    - Lynas exports rare earth concentrate, not thorium. Thorium makes up only a miniscule part of the concentrate.
    - Lynas has not even started to transport the rare earths yet, despite the aricle's assertion that "Lynas has been transporting Thorium to Malaysia".
    - The product is not classified as dangerous to transport by the EPA, unlike Magellan's which was.
    - The article doesn't detail why refining the concentrate in Malaysia makes it a "problem", but refining it in Australia does not.

    Jeez the Green Party have the ABC wrapped around their finger don't they? Am I the only one who gets angry that the state broadcaster will pick up a Green Party press release and print it verbatim with no fact checking? Who can i contact to set the record straight and get a retraction?

    http://www.abc.net.au/news/stories/2011/05/22/3223501.htm?section=business

    ____________________________________________________

    Greens call for ban on exports of low-level radioactive material from Fremantle
    Updated Sun May 22, 2011 1:35pm AEST

    The Greens say exports of Thorium through Fremantle should stop.

    The WA Greens have called for the transportation of low-level radioactive material through Fremantle Port to be stopped.

    The Australian mining company Lynas has been transporting Thorium to Malaysia but there is growing fear amongst Malaysians that the company will build a toxic waste site there.

    Greens MP Robin Chapple says the material should not be transported through the Perth metropolitan area.

    "I don't think that in bags, similar to the ones used by Magellan, it should be being exported out through a port and a road system which travels through the metropolitan area," Mr Chapple said.

    "We should have stripped the material out here in Western Australia, returned it to the pit and not exported it to Malaysia where it becomes a problem for the Malaysian people.

 
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