Malaysia extends license for Lynas' rare earths processing plant for six months [Reuters]
LYNAS RARE EARTHS S/ADR (LYSDY)
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Source: Reuters
Malaysia extends license for Lynas' rare earths processing plant for six months - Reuters 2 Min Read KUALA LUMPUR (Reuters) - Malaysia on Thursday renewed the operating license for a rare earths processing plant owned by Australian miner Lynas Corp for six months with new conditions, ending a long-running dispute over radioactive waste disposal at the site. The Atomic Energy Licensing Board, an agency under the environment ministry, said in a statement that Lynas’ processing plant in Kuantan, on the east coast of Peninsular Malaysia, will be given a six-month extension of its operating license. The original license was due to expire on Sept. 2. Lynas will have to identify a specific location with approval from local authorities for a permanent disposal facility to store its low-level radioactive waste, or it must secure official written approval from a recipient country that will take the waste, the regulator said. Australia has said it will not accept Lynas’ waste. Lynas said earlier
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