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Old 10-24-2023, 11:50 PM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,591
Default Lynas Malaysia’s operating licence renewed

KUALA LUMPUR, Oct 24 (Reuters) - Malaysia on Tuesday amended Lynas Rare Earths' operating license (LYC.AX) to allow the Australian firm to import raw materials containing natural radioactive material and process rare earths until March 2026.

The extension of the license comes despite concerns raised in recent years by Malaysia regarding radiation levels from the cracking and leaching operations during raw material processing.

Science and technology minister Chang Lih Kang said Lynas will be allowed to import radioactive material and continue processing rare earths, provided the firm carries out thorium extraction to remove radioactive waste.

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