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View Full Version : Anti LYNAS appeal dismissed


Sparty
06-18-2012, 01:58 AM
18 June 2012

MINISTER DISMISSES APPEAL AGAINST THE AELB?S DECISION TO APPROVE THE TEMPORARY OPERATING LICENCE FOR LAMP

Lynas Corporation (ASX:LYC, OTC:LYSDY) is pleased to announce that the appeal, which was lodged under the Atomic Energy Licensing Act in relation to the decision of the Malaysian Atomic Energy Licensing Board (AELB) to approve the issuance of a temporary operating licence (TOL) for the Lynas Advanced Materials Plant (LAMP), has been dismissed by the Minister of Innovation, Science and Technology, YB Dato? Seri Panglima Dr. Maximus Johnity Ongkili. In dismissing the appeal, the Minister affirmed the 1 February 2012 decision of the AELB to approve the issuance of the TOL.

A copy of the Minister?s press release setting out details of his decision and the conditions of the TOL is attached to this announcement.

Lynas has readily available solutions to satisfy the new conditions announced by the Minister.The next step will be the tabling and debate of the Parliamentary Select Committee's Report .Lynas looks forward to completion of the regulatory and political processes in Malaysia as soon as possible.

?The decision by the Minister is the latest in a long line of rulings and approvals where Lynas has been assessed and judged to have complied with Malaysian and international regulatory standards,? said Lynas Executive Chairman Nicholas Curtis.

?The Malaysian Department of Environment, the International Atomic Energy Agency, the Malaysian Atomic Energy Licensing Board, and now the Minister of Science, Technology and Innovation have all scrutinised various aspects of Lynas? plant and compliance with the required domestic and international standards, and all have found in favour of Lynas.?

?Lynas has passed every review it has been subject to, and we now look forward to the issuance of the TOL.?

Mr Curtis said Lynas is continuing its long-running community engagement program that, since July 2011, has involved direct communication with more than 10,000 local residents, community leaders, villagers and their families.?The Lynas plant is safe for everyone concerned and we look forward to demonstrating that to the Malaysian community,? Mr Curtis said.

See the judgement: New Lynas Announcement - 18 June 2012 (http://www.vision6.com.au/ch/22416/2dvfc3p/1647384/f8dc0c24v.pdf)