Edition:
India

Lynas Says Malaysian Govt Announced Lynas Malaysia's Operating Licence Will Be Renewed


Friday, 16 Aug 2019 

Aug 16 (Reuters) - Lynas Corporation Ltd ::LYNAS - CONFIRMS THAT MALAYSIAN GOVERNMENT HAS ANNOUNCED THAT LYNAS MALAYSIA'S OPERATING LICENCE WILL BE RENEWED BY DUE DATE OF 3 SEPTEMBER 2019.UNDER NEW LICENCE, LYNAS IS REQUIRED TO COMPLETE RELOCATION WITHIN 4 YEARS..LYNAS CORPORATION - LYNAS MALAYSIA IS REQUIRED TO OBTAIN CONSENT FOR LOCATION OF A PERMANENT DEPOSIT FACILITY (PDF) FOR WLP RESIDUE WITHIN 6 MONTHS.ONCE TRANSITION TO WESTERN AUSTRALIA IS COMPLETE, WLP RESIDUE WILL NO LONGER BE PRODUCED IN MALAYSIA.UNDER NEW LICENCE, LYNAS IS REQUIRED TO COMPLETE RELOCATION OF CRACKING & LEACHING TO WESTERN AUSTRALIA WITHIN 4 YEARS.LYNAS CAN OBTAIN CONSENT FROM ANOTHER COUNTRY TO RECEIVE WLP MATERIAL.