Lynas’ Operating License On Malaysian Rare Earths Plant Upheld, New Addl Conditions Inserted, Braces For Protest Actions

By International Business Times,  June 17, 2012, 11:48:32 PM EDT

It won't be long before the controversial rare earths processing plant of Australian miner Lynas Corp. goes full blast in Malaysia even if protesters are sure to mount various objections to challenge its eventual kick-off. The Ministry of Science, Technology and Innovation (MOSTI) ruled out the appeal of locals against the temporary operating license ( TOL ) earlier issued in January by the Atomic Energy Licensing Board (AELB), saying on late Friday it found no conclusive evidence to further block the license.

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


This article appears in: Investing, Commodities

Referenced Stocks: TOL



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