Malaysia rare earths plant wins license to operate

Sep 05, 2012

(AP)—Australian miner Lynas Corp. says it has secured the Malaysian government's approval to fire up a controversial rare earths plant.

The operating license ends months of delays sparked by safety concerns surrounding the Australian company's plans to process rare earths crucial for manufacturing high-tech products.

Lynas said in a statement Wednesday it can now transport rare earths concentrate to Malaysia and potentially start the in October.

Civic groups have staged numerous supporting residents near the 2.5 billion ringgit ($793 million) plant in eastern Malaysia who fear leaks of .

Lynas reiterated Wednesday the plant was "fully compliant with international standards."

The refinery is to be the first in years outside China, which has restrictions on rare earth exports.

Explore further: Amazon surprises with $214 mln quarterly profit

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Malaysia grants license to Aussie rare earth plant

Feb 01, 2012

(AP) -- Malaysia on Wednesday granted a license for an Australian mining company to operate the first rare earths plant outside China in years, despite public protests over fears of radioactive contamination.

Malaysia says to rule soon on rare earths plant

Jan 31, 2012

A government ruling on whether Australian miner Lynas would be given the go-ahead for a controversial rare earths processing plant was expected within days, Malaysia's trade minister said Tuesday.

Malaysian court asked to stop rare earths plant

Feb 17, 2012

Malaysian activists said on Friday they had filed a court challenge to block a rare earths plant being built by Australian miner Lynas, which has stoked fears over radiation pollution.

Malaysia reviews safety of rare earth plant

Apr 22, 2011

(AP) -- Malaysia said Friday it is appointing international experts to investigate whether a refinery being built by Australian miner Lynas Corp. Ltd. to process rare earth minerals presents any threat of ...

Toxic legacy in Malaysia rare-earths village

Jun 26, 2012

Thirty years have passed since Japan's Mitsubishi Chemicals opened a rare-earths refinery in the Malaysian village of Bukit Merah, but although the plant is gone, its toxic legacy persists.

Recommended for you

How can Google snap its stock out of its stupor?

2 hours ago

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

Amazon surprises with profit despite fierce spending

12 hours ago

Amazon surprised the market Thursday with a quarterly profit far better than anticipated for the online giant known for pouring money into projects such as original video programs and delivery drones.

Smartphone Snapshot: Samsung getting squeezed

13 hours ago

The runaway success of Apple's newest iPhone has fueled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea's Samsung for the title of world's leading seller ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.