Malaysia on Thursday renewed the operating license for a rare earths processing ...
KUALA LUMPUR - Malaysia on Thursday renewed the operating license for a rare earths processing plant owned by miner Lynas Corp for six months with new conditions, an extension shorter than investors and industry analysts had expected.
Beijing has in the past tightened supply of the materials, used in goods ranging from military equipment to high-tech consumer electronics. “We are optimistic that this decision will bring an end to the politicization of Lynas over the past year,” said Chief Executive Officer and Managing Director, Amanda Lacaze.
The cracking and leaching process produces the low-level radioactive waste that has angered residents near its Malaysian plant and led to the dispute with the Malaysian government. The requirement for Lynas to have an alternative processing facility ready within four years suggested that a longer license renewal would be forthcoming if Lynas met the current conditions, he said. He was optimistic Lynas would meet the four-year deadline.
Indonesia Berita Terbaru, Indonesia Berita utama
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