Rare earths miner Lynas confident on Malaysia license renewal as expiry looms [Reuters]
LYNAS RARE EARTHS S/ADR (LYSDY)
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Source: Reuters
Rare earths miner Lynas confident on Malaysia license renewal as expiry looms - Reuters 3 Min Read KUANTAN, Malaysia (Reuters) - Australia’s Lynas Corp is confident its license to run an $800 million rare earths processing plant in Malaysia will be renewed by authorities before a Sept. 2 deadline expires, a top company official said. Lynas and Malaysia have been locked in a dispute for nearly eight months over the removal of low-level radioactive waste produced by the company. Australia-listed Lynas is the only major proven producer of rare earths outside of China, at a time where markets are concerned that the industry may get embroiled in the trade war between Beijing and Washington. The miner has submitted all the documents necessary for the renewal, and that the Atomic Energy Licensing Board has completed a successful audit on the plant several months ago, concluding it was “very satisfactory”, Lynas Malaysia Managing Director Mashal Ahmad told Reuters. Malaysia’s energy and envir
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