The Australian company continues to face opposition from those who believe their rare earths processing plant in Malaysia risks human health and damage to the environment.
Articles Tagged "malaysia"
Malaysians opposed to rare earths processing are angry at Lynas Corp (ASX:LYC) for refusing to disclose the location of a waste storage facility in the peninsular Asian nation, Australia Network News reported.
The Star Online reported that Lynas (ASX:LYC) is disputing reports that a permanent disposal facility will be built on site at their rare earth plant.
The International Business Times reported that Lynas has submitted plans to the Malaysian government for a permanent disposal facility, which may satisfy the final requirement to receive a permanent license to operate the plant.
Lynas Corporation is facing a moment of truth over its controversial Malaysian processing plant as locals prepare to go to the polls in what is being hailed as the most closely contested election in the country’s history.
Not everyone is in favor of the US Department of Defense's recommendation that the US stockpile $120.43 million worth of heavy rare earths.
As China implements measures aimed at jumpstarting the REE market, investors are thinking outside of the box regarding where the next viable project will be — and Australia is a prime focus.
Lynas Corporation recently announced the successful commissioning of the cracking and leaching extraction units at its Malaysian facility, but ongoing protests and scathing environmental reports are hindering progress.
The future of Lynas Corporation seems brighter as rare earth prices strengthen and the company makes headway in its battle to begin operations at its Malaysian plant.
The Sydney Morning Herald reported that Lynas Corporation Ltd. (ASX:LYC) anticipates that production will begin at its Malaysian rare earth plant in December. Revenue from production is expected in the first quarter of 2013.