Lynas Malaysian Plant Cleared, Wins High Court Approval

By Esther Tanquintic-Misa,

Shutterstock photo

Australian miner Lynas Corp. can finally proceed in finishing the construction of its rare earths processing plant facility in Malaysia after a High Court ruled out the complaint filed by Malaysian activists against the plant. 

On Thursday, the High Court said it will not stop Lynas to use its already awarded temporary operating license ( TOL ) to start the plant at Kuantan.

"The court ruled that our fears are premature because the plant is not in operation yet," coalition leader Tan Bun Tet told The Associated Press. "We are disappointed with the decision but we will appeal. We will fight to the end."

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: TOL

More from International Business Times


International Business Times

International Business Times

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by