Hi Totoy, I sent the following to each of the e-mail addresses...

Hi Totoy,

I sent the following to each of the e-mail addresses you provided.

A Latour
Managing Editor
Dear Sir,
Could you please direct your journalists to investigate the actions of the Malaysian Government regarding its failure to issue the temporary operating license (TOL) to the rare earth processing plant in Kuantan Malaysia owned by Lynas Corporation. This plant once in operation will be the first outside of China to provide rare earth oxides to the ROW and will break the Chinese monopoly on REO supply.

Lynas is an Australian company, listed on the NYSE, which has the largest and richest rare earth mine outside of China at Mt Weld in Western Australia. Seven years ago they were invited by the Government of Malaysia to build a rare earth refinery and were promised “Pioneer status” and a 12 years tax free holiday. Subsequently Lynas was given construction licenses after all the required environmental assessments were performed according to existing Malaysian laws. Lynas has invested $700 Million AUD in building this hi-tech plant which is called LAMP (Lynas Advanced Materials Plant) in Gebeng, Kuantan, Malaysia.

After few so called “green” organizations with strong ties to the opposition distributed misinformation about the dangers of the expected radioactive pollution from the refinery, the government invited the International Atomic Energy Agency (IAEA) to examine the plant in 2011. IAEA found the plant to be safe and to be in compliance with accepted international standards in June 2011. The Malaysian Atomic Energy Licensing Board (AELB) awarded Lynas it’s Temporary Operating License (TOL) in early February 2012.

Even though the TOL was granted by AELB, the Ministry of Science, Technology and Innovation (MOSTI) Datuk Seri Maximus Ongkili of Malaysia's) stepped in and prevented the issuing of the TOL based on an appeal by 3 residents who live a few miles from the plant. The appeal was submitted on April 17 2012 and there has been no decision by Minister Ongkili. The Minister indicated in an interview with a Malaysian newspaper that he would make his decision within two weeks after the 23rd of May. That date has come and gone and no announcement has been made. Lynas is now caught up in Malaysian politics and its election timing. The party in Government UNMO, either alone or in coalition, has ruled Malaysia for 54years and wants to maximise its chances of re-election, at the last election it lost two of the four seats in the district in which the Lynas plant is located.
The Opposition parties have used the Lynas plant as a rallying point to stir up the local population against the ruling party. The Fukashima accident has made matters worse even though the best scientific minds have been brought in to explain the points of difference between rare earth processing and Thorium residues and Uranium in a Nuclear reactor.

Meanwhile the plant lies idle with 350 Malaysian employees waiting for the Minister’s decision. Lynas has signed REO supply contracts with Siemens, Rhodia, and many other companies, which cannot be fulfilled. Due to all these hurdles the share price of Lynas (LYC in ASX) has dropped to below $1.00 AUD even though the company is worth far more.
The Prime Minister of Malaysia Najib Razak recently visited the USA and met with your President and also visited New York seeking direct foreign investment. We thought that we would bring the travails of Lynas corporation to your attention as we feel that it is very important to inform the investing community about the high sovereign and political risks of investing in Malaysia.


Best Regards,






Lynas Shareholders Association
+61 (03) ........
Melbourne
Australia


[email protected]