https://www.miningweekly.com
Construction|Energy|Financial|Operations
Construction|Energy|Financial|Operations
construction|energy|financial|operations

Lynas gets three-year licence extension

Lynas gets three-year licence extension

Photo by Bloomberg

27th February 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Rare earths miner Lynas has received a new three-year operating licence for its Malaysian operation, giving the company leave to operate until March 2023.

The new operating licence is subject to a number of conditions, including Lynas beginning the process to develop a permanent disposal facility (PDF) within the first year from the date of the licence approval, and the company submitting a work development plan for the construction of the PDF and report its development status as determined by the Malaysian Atomic Energy Licensing Board (AELB).

Furthermore, Lynas will have to ensure that its cracking and leaching plant outside of Malaysia is in operation before July 2023, after which time the company would not be allowed to import raw materials containing naturally occurring radioactive material into Malaysia.

Additionally, the financial deposit from Lynas continue to be held for compliance with the relevant licence conditions.

Lynas MD and CEO Amanda Lacaze on Thursday thanked the AELB for its decision to renew the operating licence.

“We reaffirm the company’s commitment to our people, 97% of whom are Malaysian, and to contributing to Malaysia’s shared prosperity vision 2030.

“Over the past eight years, we have demonstrated that our operations are safe and that we are an excellent foreign direct investor. We have created over 1 000 direct jobs, 90% of which are skilled or semiskilled, and we spend over RM600-million in the local economy each year,” Lacaze pointed out.

She also reaffirmed the company’s commitment to develop a new cracking and leaching facility in Western Australia, where rare earth concentrate from the Mt Weld operation would be upgraded.

The plant is expected to be operational by early 2023, and will employ some 200 staff during its operations.

Edited by Creamer Media Reporter

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.108 0.143s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: